This marks the highest volume of gold bullion won at the past three successful auction sessions. The combined bidding volume from the two previous sessions was 6,800 taels of SJC gold bars, equivalent to 3,400 taels per session.
In the previous announcement, the SBV set the reference price for calculating the deposit value at VNĐ88 million per tael (US$3,457). However, just before the auction, the authority decided to reduce the reference price to VNĐ87.7 million per tael.
The highest successful bidding price was VNĐ87.73 million per tael, while the lowest price was VNĐ87.72 million per tael.
At 1pm, SJC gold prices are listed at VNĐ86 million per tael for sellers and VNĐ98 million per tael for buyers.
In the international market, spot gold price is traded at $2,336.4 per ounce. (One ounce is equivalent to 0.83 tael.)
As a result, the domestic price is nearly VNĐ17 million higher than the global price. — VNS