The State Bank issued information this afternoon to continue bidding for gold bars. Accordingly, tomorrow (April 25), the currency manager will continue to bid for 16,800 taels of SJC gold bars. This quantity is equal to yesterday’s bidding session (April 23).
The information has not changed compared to yesterday’s session. The minimum and maximum participation volume for each member is 1,400-2,000 taels, the deposit rate is 10% similar to the previous auction.
The operator has not announced the reference price. The reference price given by the State Bank a day earlier for units to transfer deposits is 80.7 million VND.
Tomorrow, gold bar bidding will continue (Photo: Thanh Dong).
In yesterday’s bidding session, 11 businesses participated in the bidding, including 7 banks: VPBank, HDBank, Techcombank, Eximbank, MSB, ACB, Sacombank and 4 businesses including SJC, DOJI, PNJ, Phu Quy, but only 2 applications. The bidders with the winning volume of 3,400 taels of gold were SJC and ACB, corresponding to 20% of the bidding scale.
The bidding floor price is 81.3 million VND. The highest winning bid price is 81.33 million VND/tael and the lowest winning bid price is 81.32 million VND/tael.
The first gold auction was held by the State Bank on March 28, 2013. At that time, 1.8 million taels of SJC gold bars were sold on the market, after 76 bidding sessions.
Today, the price of SJC gold bars increased sharply. Currently, the price of SJC gold bars is listed by the company at 82.3-84.3 million VND/tael (buy – sell), which means an increase of 2 million VND on the buying side and 1.5 million VND compared to the price. Opened on April 22 – the time when the first bidding session was supposed to be held but it was canceled due to “not enough members registering to bid and deposit deposits”. The difference between buying and selling is 2 million VND.
