Illustration photo.
According to the State Bank of Vietnam , continuing to implement the policy of bidding to sell gold bars to increase supply to the market, on the morning of April 25, 2024, the State Bank organized a bidding session to sell gold bars to credit institutions and businesses eligible to participate in gold bidding with an expected bidding volume of 16,800 taels of SJC gold bars.
However, this agency has just announced the cancellation of the bid because only 1 unit submitted a bid.
Thus, this is the second time the State Bank has canceled the gold bar auction.
Previously, on April 22, the State Bank canceled the first gold bar auction due to insufficient number of members registering to bid and depositing money as required. This auction was moved to the morning of April 23.
In this auction, there were 2 winning bidders. The total winning bid volume was 34 lots (equivalent to 3,400 taels of gold). The highest winning bid price was 81.33 million VND/tael. The lowest winning bid price was 81.32 million VND/tael.
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