On the morning of May 21, the State Bank announced that it had successfully bid for 79 lots equivalent to 7,900 taels of gold with a total of 9 winning bidders. Accordingly, the winning bid price was VND89.42 million/tael.
Previously, on May 20, the State Bank announced that it would organize an auction for the total volume of Gold bar is 16,800 taels. Reference price to calculate deposit value is 88.6 million VND/tael. Volume of 1 lot is 100 taels.
In this auction, the State Bank said that the minimum bidding volume is 5 lots, equivalent to 500 taels. In addition, the maximum bidding volume a member is allowed to place is 40 lots (4,000 taels).
According to the State Bank, the gold bar auction is aimed at timely intervention and immediate handling of the situation. The difference between domestic gold bar prices and world gold prices is high, ensuring the gold market operates stably, healthily, openly, transparently, and effectively, in accordance with the Prime Minister's direction.
In recent times, implementing the direction of the Government and the Prime Minister , the State Bank has deployed many solutions to intervene and stabilize the gold market through gold bar auctions to increase supply in the market. Accordingly, the State Bank has widely publicized information related to the bidding and results of gold bar auctions on the State Bank's electronic information portal.
Source
Comment (0)