State Bank auctions one more ton of gold
The State Bank of Vietnam sold 26,000 taels of gold, or one ton, at the 48th gold auction on July 30 to seventeen banks and companies with highest bid at VND38.08 million a tael and lowest bid at VND38 million.
During the past four months, the Central Bank had sold 1,297,400 taels of gold, or 49.9 tons, out of 1.4 million taels, or more than 53.8 tons, that were up for auction.
On July 30, the price of SJC-brand gold dropped by VND320,000 per tael to VND37.7 million for buying and VND38.1 million for selling.
Commercial banks also lowered US dollar exchange rate by VND10-30 on the same day. On the free market, dollars were bought at VND21,420 per dollar and sold at VND21,440 per dollar, down VND10-30 per dollar.
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