Gold bar auction tomorrow with reference price of 88.6 million VND

The State Bank announced that it will hold an auction of SJC gold bars at 9:30 a.m. tomorrow (May 21). The volume to be auctioned is the same as previous sessions, 16,800 taels. The reference price used to calculate the deposit price is VND88.6 million/tael - VND2.4 million/tael lower than the selling price of VND91 million/tael of SJC.

The bank organized a gold bar auction on the morning of May 21.

Registered bidders will have to deposit 10% of the bid value. The State Bank continues to maintain the minimum and maximum bid volumes as in the two recent successful auctions, at 5 lots (500 taels) and 40 lots (4,000 taels), respectively. Each bidder can only register a minimum price equal to or higher than the reference price.

Continue to auction gold bars

Previously, the most recent gold bar auction took place on May 16, the amount of SJC gold bars won the bid reached a record 12,300 taels, with 11 members participating in the auction. The highest successful bid was 88.92 million VND/tael and the lowest successful bid was 88.89 million VND/tael.

From April 19 to now, the State Bank has organized 7 auctions to sell SJC gold bars with a total winning volume of 27,200 taels (equivalent to about 1.02 tons). According to the announcement, this week the State Bank will continue to organize 2 gold auctions on May 21 and May 23.

This afternoon (May 20), the price of gold bars at SJC was bought at 89 million VND/tael and sold at 91 million VND/tael, an increase of 300,000 VND in buying price and 600,000 VND in selling price compared to the beginning of the day. On the world market, the price of gold is at 2,446.4 USD/ounce, an increase of 10 USD compared to the beginning of the day.

Source: https://thanhnien.vn/ngay-mai-dau-thau-vang-mieng-voi-gia-tham-chieu-886-trieu-dong-185240520161925416.htm