gold

Adjustments holding promise for gold

May 20, 2024 | 11:16

Vietnamese authorities are bolstering oversight of the gold market, implementing stringent controls to stabilise prices and prevent illegal trading.

Eight bidders win May 14 gold auction

May 14, 2024 | 16:54

Eight bidders bought a total of 8,100 taels of SJC-branded gold bullion out of the 16,800 that the State Bank of Vietnam (SBV) offered for sale at the auction held on May 14 morning.

Light touch called for on gold trade

May 14, 2024 | 11:37

New measures to enforce stricter compliance and non-cash transactions in gold trading aim to increase transparency and regulatory oversight, but also raise concerns about their feasibility and potential disruption to traditional practices.

State Bank announces 4th gold bar auction to stabilise prices

May 08, 2024 | 10:23

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.

Gold at historic peak, auctions receive lukewarm reception

May 06, 2024 | 09:22

Gold prices reached a historic peak last week after consecutive auction sessions held by the State Bank of Vietnam (SBV) were met with lukewarm enthusiasm.

Cautious state remains after gold auction

May 04, 2024 | 22:14

Despite high market interest, Vietnam’s inaugural gold auction left 13,400 taels unsold, with restrictive conditions and regulatory uncertainties dampening enthusiasm and complicating efforts to align domestic prices with global rates.

Vietnam should explore tax on gold investments amid auction strategy: expert

April 23, 2024 | 14:47

Imposing taxes on gold investment could bring many benefits, according to a government economic advisor.

Gold market reforms paramount to stability

April 22, 2024 | 10:18

Investigations of gold trading firms are to take place on possible market manipulation amid soaring domestic prices, at the same time as the central bank announced it would resume sales of gold bullion for the first time in over a decade.

ADB highlights geopolitical tensions in gold market

April 12, 2024 | 09:00

The Asian Development Bank office in Vietnam has addressed fluctuating trends in the global gold market.

Dated policies on gold necessitate modernisation

April 09, 2024 | 09:23

Experts have called for regulatory changes to align Vietnam’s gold prices with global rates, suggesting authorised imports by businesses to reduce smuggling, stabilise the market, and increase foreign reserves.

Gold hits fresh record above $2,300

April 04, 2024 | 14:53

Gold broke above $2,300 for the first time Thursday as it continued to surge on the back of expectations that US interest rates will come down this year and high geopolitical tensions.

Gold hits another record high on Fed rate cut bets

April 01, 2024 | 15:07

Gold hit another fresh record high Monday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report.

Gold hits fresh record above $2,200 on rate cut hopes

March 22, 2024 | 09:35

Gold rallied to a fresh record above $2,200 on Thursday as traders welcomed a Federal Reserve signal that it would cut interest rates three times this year.

Gold price decreases on God of Wealth Day

February 19, 2024 | 13:07

Domestic gold price decreased by 150,000 VND (6.1 USD) per tael (37.5 grams) at the beginning of trading on February 19 - God of Wealth Day (the tenth day of the first lunar month) compared to the price at the end of February 18, with many fluctuations expected on the market during the day.