Continue to offer 20,000 taels of gold for sale on the morning of August 30
On the morning of August 30, the State Bank will hold the 57th auction to offer 20,000 taels of gold. Along with that, the maximum amount of gold bars that each member is allowed to bid will also be reduced to 2,000 taels.
Information from the State Bank on the afternoon of August 29 said that at 9:00 a.m. on August 30, at the State Bank's Transaction Office, the 57th gold auction will take place with an offering volume of 20,000 taels of gold.
This is the second gold auction this week and also the second with the lowest volume ever offered.
According to information from the State Bank, the reference price for calculating the deposit value for this session is 38.3 million VND/tael. The volume of gold bars in each auction lot is 100 taels.
Along with the reduction in the volume of gold auctioned compared to before, in this session, the maximum volume of gold bars that each member is allowed to bid is also reduced to 2,000 taels and the minimum is 1,000 taels.
On the morning of August 30, the State Bank will announce the floor price, accordingly, each bidding member can only register a price not lower than the floor price.
Remember, in the 56th session (held on the morning of August 28), 10 banks and enterprises won the bid for 19,700 taels out of a total of 20,000 taels offered. The highest winning bid for this session was 38.25 million VND/tael, the lowest winning bid was 38.18 million VND/tael. With this price, the gold bidding units "won big" when in the market, gold prices skyrocketed to nearly 39 million VND/tael.
Thus, from March 28 to August 28, the State Bank organized 56 gold bar auctions with a total winning volume of 1,497,500 taels out of a total of 1,602,000 taels offered.
In the market, at 3:50 p.m. on August 29, the price of SJC gold in Hanoi was listed by gold businesses at VND38.35 million/tael (buy) - VND38.55 million/tael (sell). Accordingly, the domestic gold price is currently about VND2.6 million/tael higher than the converted world gold price.
According to Dan Tri - DP
