Gold Price

Gold slumps as China’s Central Bank keeps gold buying on hold for second month

The international gold price has declined recently because the People's Bank of China (PBoC) didn't buy any gold for the second consecutive month.

SJC gold price VND10.3 million higher than world price
The price of SJC gold continued to drop, trading below VND81 million (US$3,171) per tael on Monday morning, narrowing the gap between domestic and international gold prices of VND10.3 million (US$403) per tael.
Will SBV’s new solutions help narrow the gold price gap?
Under the State Bank of Vietnam (SBV)’s new move to stabilize the gold market and narrow the gold price gap, people who wish to purchase SJC gold can go to any of the four major state-owned commercial banks to carry out transactions to buy gold, according to industry insiders.

Government urged to narrow domestic, global gold price gap
Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man on May 13 voiced concern over skyrocketing gold prices, asking the Government to quickly review market management measures to narrow the wide gap between domestic and global prices.
Government inspection instruction playing a role in gold price slip: Experts
Gold prices fell last weekend after remaining high for a week, and experts attributed the fall to the Government’s instruction on conducting a specialised inspection of the market.