The above information was released after the State Bank issued Circular 12 amending and supplementing a number of articles of legal documents regulating the implementation of the task of managing state foreign exchange reserves.
Specifically, according to Circular 12, the State Bank adds the Foreign Exchange Reserve Management Department to participate in the gold bar auction transaction process between the State Bank and credit institutions.
Recently, on social networks, there has been false information about the temporary suspension of gold bar trading, causing many people who are holding gold bars to panic and want to sell them to exchange for gold rings...
" The Circular of the State Bank adds that the Foreign Exchange Reserve Management Department participates in the gold bar auction transaction processes between the State Bank and credit institutions, not related to the buying and selling of SJC gold bars by organizations with gold bar trading licenses of individuals owning SJC gold bars.
Currently, people can still buy and sell SJC gold bars normally as at present at credit institutions and enterprises licensed by the State Bank to buy and sell gold bars ," SJC's announcement affirmed.
Circular 12/2023 of the State Bank of Vietnam is not related to the buying and selling of SJC gold bars by organizations with gold bar trading licenses of individuals who own SJC gold bars. (Illustration photo)
In the market, the domestic gold price today (November 6) decreased sharply, at times decreasing by more than 2 million VND/tael compared to the closing price at the end of last week and losing the 70 million VND/tael mark.
Early this morning, the gold price at Saigon Jewelry Company SJC was listed at 67 million VND/tael (buy) and 68.52 million VND/tael (sell), down 2.05 million VND/tael and 1.53 million VND/tael (sell).
Although by the end of the afternoon, the gold price had recovered, increasing by nearly 1 million VND/tael compared to early morning, it still decreased sharply compared to the end of last week. Specifically, at 11:30, the SJC gold price was listed at 68 million VND/tael (buy) and 69.5 million VND/tael (sell).
Meanwhile, the world gold price is currently at 1,983 USD/ounce and has not been able to reach the 2,000 USD/ounce mark due to some cautious sentiment in the market.
The world gold price has fallen from a peak of 2,003 USD/ounce last weekend to 1,983.5 USD/ounce this afternoon, equivalent to a decrease of 19.5 USD/ounce (579,000 VND/tael). Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 58.87 million VND/tael.
Cong Hieu
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