Vietnam cbank vows to intervene in gold market to maintain stability
The State Bank of Vietnam has enough gold bullion that can be sold on a large scale to intervene in the local gold market to ensure its stability
Crowds queue to buy gold on God of Wealth Day
It is believed that buying gold on this day, when the God of Wealth returns to heaven, will bring good luck and prosperity throughout the year.
Gold bullion, even small-valued ones, sold like hot cakes
While the central bank has so far sold about 55 tons of gold bullions under SJC brand to the market, the gold powerhouse said it has run out of small-valued gold bullions as demand surged in the last 2 months.
Gold demand outpaces supply again, driving price up
The price gap between the local and international gold prices, after retreating for a few days, has returned to its stubbornly high rate, over VND6 million ($282) a tael
Gold price gap closing down as forecast
The price gap dropped some VND1 million ($47) a tael day on day after the central bank gave a bold forecast about this on the previous day
Gold price continues to be stabilized: cbank
And the price gap between international and local gold bullion will be narrowed as there will be virtually no demand from the side of the local banks after all of them had finished buying over 100 tons of gold to close their local gold accounts
Monopoly on gold imports under new decree necessary: cbank
The State Bank of Vietnam (SBV) has reconfirmed that its recent decree on gold management policies help the local gold market operate in a more sustainable manner than before
Gold in freefall
Despite a plunge in global gold prices, the cost of local gold bullion is still some VND6.2 million more expensive than its international counterpart