SBV predicts SJC-branded gold bullion price to keep declining

  • Customers buy SJC-branded gold bars at Agribank branch in HCM City. VNA Photo
    Customers buy SJC-branded gold bars at Agribank branch in HCM City. VNA Photo
  • Customers buy SJC-branded gold bars at Agribank branch in HCM City. VNA Photo
    Customers buy SJC-branded gold bars at Agribank branch in HCM City. VNA Photo
  • Customers buy SJC-branded gold bars at SJC branch in the northern city of Hai Phong. VNA Photo
    Customers buy SJC-branded gold bars at SJC branch in the northern city of Hai Phong. VNA Photo
  • Customers buy SJC-branded gold bars at SJC branch in the northern city of Hai Phong. VNA Photo
    Customers buy SJC-branded gold bars at SJC branch in the northern city of Hai Phong. VNA Photo
  • SJC-branded gold bullions are on sale at Vietcombank branch in HCM City. VNA Photo
    SJC-branded gold bullions are on sale at Vietcombank branch in HCM City. VNA Photo
The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future. The selling price of SJC-branded gold bullion announced by the SBV on June 4 morning at 77.98 million VND (3,069 USD) per tael, the price difference was about 6 million VND, which is quite reasonable as compared to nearly 20 million VND previously. The domestic gold bar price on the day fell 1 million VND from the previous day. A tael equals 37.5 grammes or 1.2 ounces. Earlier, the SBV said the four state-owned lenders of Agribank, BIDV, VietinBank and Vietcombank, and SJC are solely authorised to purchase SJC gold bars from the central bank and sell to the public. VNA Photo

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