3,400 taels of gold purchased at the first-in-11-year auction
Gold trading firm SJC and lender ACB are the two successful bidders at the auction held today.
Gold trading firm SJC and lender ACB are the two successful bidders at the auction held today.
The auction was postponed due to a lack of bidders and escrow deposits.
Domestic gold prices have surged in recent weeks amid rising geopolitical tensions.
The measures are aimed at ensuring a stable and efficient gold market.
Vietnam has so far been successful in achieving the goal of “degoldizing" the economy.
Authorities must strictly enforce laws against gold smuggling, speculation, manipulation, and exploiting government policies to inflate gold prices, posing risks to market stability and safety.
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