Reprocessing deformed and substandard gold into SJC gold of Saigon Jewelry Company has come to a standstill, arousing concern in credit institutions over low SJC-brand gold liquidity. At the moment, SJC has reprocessed only 165,000 out of 400,000 gold taels that has got approval for reprocessing. While deformed gold has been wholly reprocessed, it is more difficult to transform non-SJC gold, which... 

Saigon Jewelry Company (SJC) has imported a new gold testing machine to speed up the slow gold quality evaluation process, said Nguyen Hoang Minh, deputy director of the central bank’s HCMC branch. With the new equipment that is arriving in the country, the enterprise will be able to evaluate around 2,000 gold taels each day. SJC now has four testing machines. As it will take SJC over six months... 

Saigon Jewelry Company (SJC) is seeking approval from the State Bank of Vietnam (SBV) to reprocess deformed gold bars for the benefits of local consumers, said an executive of the company. According to an SJC executive, with the new decree on gold trading control starting from May 25, all gold bar processing activities of SJC need to be approved by SBV. And SJC has stopped repurchasing deformed gold... 

The local gold price rose to VND40.8 million a tael on Wednesday, a staggering increase of VND270,000 from the previous day alongside with a strong price hike on global markets. A tael equals to 1.2 troy ounces. Saigon Jewelry Co. (SJC) on Wednesday quoted its opening price of VND40 million per tael for buying and VND40.08 million for selling. However, the price cooled down then and ended the day... 

In response to the global gold price rise, the yellow metal on Monday shot up to a new record high as Saigon Jewelry Co. (SJC), the country’s leading bullion trading house, set its sale price at VND39.9 million per tael. The new price represents a pickup of VND410,000 per tael, a local gold measurement unit that is equivalent to 1.2 troy ounces. All gold companies quoted the sale price at VND39.8... 

Local gold, after briefly hitting a record high of VND39.71 million per tael on Tuesday, declined by a hefty VND370,000 per tael to VND39.27 million for selling and VND39.2 million for buying on Wednesday. The local gold dip followed the global downtrend triggered by profit taking. The domestic market opened at VND39.35 million per tael, then hit the day’s highest of VND39.38 and finally ended at... 

The local gold price hit a new record high of VND39.42 million on Monday afternoon as the global gold price on Asian markets on Monday breached the level of US$1,600 a troy ounce. This price was VND300,000 per tael higher than last Saturday. A tael equals to 1.2 troy ounces. As the price increased strongly, gold companies saw few customers buying on the day. A representative from Phu Nhuan Jewelry... 

The local gold price hit the record high of VND39.1 million per tael over the weekend in line with the global gold price that also reached its highest level on the last trading session last week. Saigon Jewelry Co. (SJC) on Saturday afternoon quoted its selling price at VND39.04 million per tael, rising VND100,000 per tael from the previous day. Meanwhile, Phu Nhuan Jewelry Co. quoted the selling... 

The price of gold in Vietnam climbed to VND37.63 million a tael (1.2 ounces) on May 9 as global price unexpectedly jumped in the trading session this morning in Asia. Sacombank Jewelry Company bought the metal at VND37.57 million and sold at VND37.61 million as of 9:40 am local time. Saigon Jewelry Company, the biggest gold shop in Vietnam, purchased gold at VND37.54 million and sold at VND37.62 million... 

The price of gold in Vietnam fell by VND400,000 a tael (1.2 ounces) on May 6 as global price dropped to below the resistance of $1,500 an ounce in the trading session in New York last night. Sacombank Jewelry Company bought the metal at VND37.31 million and sold at VND37.44 million as of 8:20 am local time. Saigon Jewelry Company, the biggest gold shop in Vietnam, purchased gold at VND37.3 million...