Gold bullion auction will be next Monday

Việt NamViệt Nam19/04/2024

Ngân hàng Nhà nước sẽ đấu thầu vàng miếng vào thứ hai tuần sau - Ảnh: QUANG ĐỊNH
The State Bank will auction gold bars next Monday.

Regarding the plan to auction SJC gold bars, speaking to the press, Mr. Dao Xuan Tuan informed that following the direction of the Prime Minister, the State Bank will auction gold to increase supply to the market. Preparations for the auction of SJC gold bars have been very thorough.

"The State Bank will bid for SJC gold bars from the available stock. This afternoon, we will announce the bidding policy for 15 qualified units to participate in the bidding next Monday," Mr. Tuan affirmed.

Thus, after 11 years, the State Bank will auction gold bars again to increase the gold supply to the market.

After the floor price is announced, credit institutions and gold trading enterprises begin filling out bids. The above units have 30 minutes to decide on the volume and purchase price. One hour after the bid closes, the State Bank will announce the results.

Enterprises will have to deposit to participate in the bidding, no later than 5:00 p.m. on the day of receiving the bidding notice.

Currently, there are 26 units including commercial banks and gold trading enterprises establishing gold bar trading relationships with the State Bank.

Up to this point, there are about 15 units qualified to participate in the bidding. The type of gold brought to bid is SJC gold bars.

The first gold bar auction was held on March 28, 2013.

In 2013, the State Bank organized 76 gold bar auctions with a total winning volume of 1,819,900 taels out of a total of 1,932,000 taels offered.

Regarding the gold market management policy, Mr. Tuan added that the State Bank has submitted to the Government a summary of Decree 24 on the management of gold trading activities.

The State Bank has consulted with ministries and submitted to the Government a proposal to amend this decree.

Through the assessment of gold trading activities in recent times, Decree 24 has played a positive role, but it is time to review the suitability of this decree in current conditions.

Accordingly, it is proposed to eliminate the monopoly of SJC gold bars and add many other gold brands.

TH (according to Tuoi Tre)

Source

Comment (0)

No data
No data

Same tag

Same category

Colorful Vietnamese landscapes through the lens of photographer Khanh Phan
Vietnam calls for peaceful resolution of conflict in Ukraine
Developing community tourism in Ha Giang: When endogenous culture acts as an economic "lever"
French father brings daughter back to Vietnam to find mother: Unbelievable DNA results after 1 day

Same author

Image

Heritage

Figure

Business

No videos available

News

Ministry - Branch

Local

Product