Hanoi (VNA), May 2 -- The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.

Buyers can bid to buy between 1,400 and 2,000 taels, with bids in multiples of 100 taels.

The starting price has been set at 82.9 million VND (over 3,263 USD) per tael, and bidders need to deposit 10% of their purchase value.

The auction on April 25 morning was cancelled as there was only one business submitting a bid form.

Earlier, state-owned gold producer and distributor Saigon Jewelry Company and Asia Commercial Joint Stock Bank (ACB) bought 3,400 taels out of the 16,800 offered by the central bank during the auction on April 23. The gold was purch...