Hanoi (VNA)♛ – After setting a new record high of 86 million VND (3,400 USD) per tael on May 6, SJC-branded gold prices further rose on May 7.
At 9:30 am, Saigon Jewellery Company Limited reported an increase of 500,000 VND per tael, now trading at 84.8 million VND for sellers and 87 million VND for buyers.
DOJI quoted SJC gold at 84.6- 86.1 million VND (sell - buy) per tael, up 300,000 per tael from May 6’s trade.
Bao Tin Minh Chau listed SJC gold prices at 84.75 million VND for sellers and 86.65 million VND for buyers, an increase of 400,000 and 200,000, respectively./.
Gold prices reached a historic peak last week after consecutive auction sessions held by the State Bank of Vietnam (SBV) were met with lukewarm enthusiasm.
The State Bank of Vietnam on May 3 cancelled the auction of the SJC-branded gold bullion which had been set for 10am the same day, as only one business registered to take part.
The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.
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