The major purpose of the gold bidding is to stabilize the market.
However, the goal remains unattainable after 6 bidding sessions were
organized. SEE MORE Vietnam’s dong climbed 0.3 percent to 20,855 SEE MORE Gold for immediate delivery dropped as much as 3.9 percent
$1,425.75 an ounce and was at $1,444.07 at 11:14 a.m. in Singapore. Prices tumbled 5 percent on April 12, taking losses
to more than 20 percent since the record close in September 2011,
and meeting the common definition of a bear market. SEE MORE Gold for immediate delivery declined as much as 0.3 percent
to $1,478.20 an ounce, the cheapest since May 2011, and was at
$1,487.05 by 7:31 a.m. in Singapore. Prices fell to $1,483 on
April 12, down 22 percent from a record close of $1,900.23 in
September 2011, meeting the common definition of a bear market. SEE MORE The import tax rate for styrene polymers will increase from three to
five per cent under Ministry of Finance Circular 38/2013/TT-BTC, which
goes into effect on May 19. SEE MORE