(NLDO) - According to statistical reports from businesses licensed to trade in SJC gold bars, there were times when purchase turnover was higher than sales turnover...
The price of SJC gold bars has continuously remained high in recent days, with buying prices reaching 87 million VND/tael and selling prices reaching 89 million VND/tael, an increase of about 12 million VND/tael in the past 4 months.
The soaring gold price has also increased people's demand for buying, selling and holding gold, but many people say that buying and selling this type of gold is becoming increasingly difficult.
Reporter of Nguoi Lao Dong Newspaper talked with Mr. Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam, Ho Chi Minh City branch, about this issue.
* Reporter: The price of SJC gold bars and 99.99 gold rings both set new historical peaks when the world price exceeded 2,700 USD/ounce. Does the movement of gold prices have much impact on the currency and foreign exchange markets in Ho Chi Minh City, sir?
- Mr. Nguyen Duc Lenh : It can be said that the most prominent and important result currently from the management and use of economic measures combined with management tools of the State Bank of Vietnam in recent times for the gold market is narrowing the gap between domestic and world gold prices.
At the same time, ensuring that domestic gold prices are close to and follow the world's developments, controlling the market and contributing to stabilizing the currency and foreign exchange markets of the country and Ho Chi Minh City. Thereby, supporting and promoting socio-economic growth; limiting the impact of complicated, high and rapid developments of world gold prices in recent times and always causing psychological pressure on the domestic market.
* Many people have complained that it is difficult to buy SJC gold bars, and it is not easy to sell when the four banks Vietcombank, BIDV, VietinBank and Agribank only sell but have not bought?
- According to regulations, businesses and organizations licensed to trade in SJC gold bars are allowed to trade in SJC gold bars for people and customers. People can completely go to these business locations to trade in SJC gold bars. This activity has been and is being carried out and taking place normally throughout the past time, since the implementation of Decree 24/2012-ND-CP of the Government on gold market management.
The State Bank is implementing a solution to sell SJC gold bars to 4 state-owned commercial banks and the SJC Gold Company to sell directly to people. These activities are still taking place normally.
The price of SJC gold bars remains at a high level of nearly 90 million VND/tael. Photo: Lam Giang
According to statistical reports from businesses licensed to trade in SJC gold bars, trading activities have been taking place in both buying and selling directions, with buying turnover at times being higher than selling turnover. These are positive signals for the supply-demand relationship of the market, for the market to develop better.
* The State Bank is controlling the gold market according to a new plan, stabilizing the market and has had certain successes, especially controlling the gold fever and narrowing the price gap between SJC gold bars and the world. Will the upcoming management policy continue or change?
- The State Bank will flexibly use management tools and apply appropriate management measures according to market developments and management requirements, aiming to stabilize the gold market, ensure market principles and developments consistent with the international market.
In particular, ensuring the goal of stabilizing the monetary and foreign exchange markets, contributing to maintaining macroeconomic stability, curbing inflation and promoting economic growth.
Therefore, the changes of the State Bank (if any) are not beyond this goal; editing, supplementing or promulgating policies are all aimed at bringing the most common and greatest benefits, which are socio-economic development and the interests of the people.
Source: https://nld.com.vn/ngan-hang-nha-nuoc-tp-hcm-noi-gi-ve-thi-truong-vang-ngay-cang-kho-mua-ban-196241028082129903.htm
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