Home » Gold » SBV authorises more gold for domestic market

The State BanSBV authorises more gold for domestic marketk of Vietnam has directed the Saigon Jewelry Company (SJC) to produce 350,000 taels of gold, equivalent to 13 tonnes, from damaged SJC gold bars and other brands of gold to supply the domestic market, said SJC Chairman Le Hung Dung on September 19.
As global gold prices have seen a slight increase, the price of domestic SJC gold had jumped to VND47.3 million per tael by the afternoon of September 19, VND650,000 per tael higher than the previous day.

At that time, customers could sell one tael of SJC gold in Ho Chi Minh City for VND46.95 million and buy a tael for VND47.3 million.

Meanwhile, SJC gold in the Hanoi market was bought for VND47.12 million and sold for VND47.28 million per tael.

Compared to global prices, the domestic gold price was VND2.6 million per tael higher.


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