For 4 consecutive days, the State Bank of Vietnam kept the gold selling price at 75.98 million VND/tael.

According to the daily price of the State Bank of Vietnam, 4 State-owned commercial banks also kept the corresponding selling price at 76.98 million VND/tael.

The State Bank of Vietnam affirmed that it will continue to implement the roadmap to narrow and control the difference between the domestic selling price of SJC gold bars and the world price at an appropriate level.

Thus, this is the fourth consecutive day that the State Bank of Vietnam has kept the selling price at VND75.98 million/tael. Previously, when implementing the new plan to stabilize gold prices, in the first 3 days, the State Bank of Vietnam continuously reduced the selling price of SJC gold bars by VND1 million/tael each day, from the selling price on the first day (Monday, June 3) of VND78.98 million/tael, down to VND75.98 million/tael on the fifth day (June 6). Then, it has kept the selling price at VND75.98 million/tael from June 6 until now.

Also related to gold market management, recently, the State Bank of Vietnam has issued urgent Official Dispatch No. 4810/NHNN-QLNH sent directly to the Ministry of Public Security requesting coordination in gold market management. Accordingly, the State Bank of Vietnam requested the Ministry of Public Security to coordinate in verifying and strictly handling acts of spreading false information, speculation, profiteering, and manipulation of the gold market.

The official dispatch of the State Bank of Vietnam clearly stated: Implementing the direction of the Government and the Prime Minister, the State Bank is coordinating with ministries, functional branches and localities to drastically implement the stabilization of the gold market, including the solution of selling gold bars directly to 4 state-owned commercial banks and Saigon Jewelry Company Limited (SJC) to supply directly to the people.

The above solution has begun to take effect as the gap between domestic and world gold prices has decreased. However, information is currently circulating in the market that the State Bank of Vietnam is short of gold to sell; at many gold selling points, there are people who hire people to queue up to buy gold with the aim of pushing up prices, taking advantage of the gap, causing instability in the market and causing damage to the economy.

Therefore, the State Bank requests the Ministry of Public Security to direct relevant units to promptly coordinate in verifying and strictly handling acts of spreading false information, speculation, profiteering, and market manipulation. Direct the implementation of coordinated solutions to ensure security at gold selling locations of 4 State-owned commercial banks and SJC Company; limit the situation of subjects with bad intentions hiring people to queue up to buy gold, causing disorder and insecurity.

Source: https://nhandan.vn/4-ngay-lien-tiep-ngan-hang-nha-nuoc-viet-nam-giu-gia-ban-vang-o-muc-7598-trieu-dongluong-post813767.html