Silver price today (November 8), the world silver market plummeted to the lowest level in 1 month due to pressure from the US Dollar.
Silver price today at Phu Quy Gold Investment Joint Stock Company, the listed silver price has decreased sharply at 1,183,000 VND/tael (buy) and 1,220,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, the silver price is currently listed at 979,000 VND/tael (buy) and 1,005,000 VND/tael (sell). In Ho Chi Minh City, the listed silver price is higher, at 980,000 VND/tael (buy) and 1,007,000 VND/tael (sell). The world silver price is at 793,000 VND/ounce (buy) and 798,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 8, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell out | Buy | Sell out | ||
99.9 silver | 1 amount | 979,000 | 1,005,000 | 980,000 | 1,007,000 |
| 1 kg | 26,094,000 | 26,792,000 | 26,146,000 | 26,843,000 | |
| Silver 99.99 | 1 amount | 982,000 | 1,009,000 | 984,000 | 1,011,000 |
| 1 kg | 26,190,000 | 26,904,000 | 26,242,000 | 26,955,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 8, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell out | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,183,000 | 1,220,000 |
| Phu Quy 999 Silver Bar | 1 kg | 31,546,588 | 32,533,252 |
Latest update on world silver prices on November 8, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell out | |
| 1 Ounce | 793,000 | 798,000 |
| 1 finger | 95,581 | 96,194 |
| 1 amount | 956,000 | 962,000 |
| 1 kg | 25,488,000 | 25,652,000 |
At the end of the trading day, for precious metals, silver and platinum prices both plummeted to their lowest levels due to pressure from the US Dollar. Of which, silver prices fell 4.41% to $31.33/ounce, marking the biggest daily drop in a month.
The race for the White House between former Republican President Donald Trump and Democratic Vice President Kamala Harris has officially ended. Mr. Donald Trump has won. According to initial assessments from experts, Mr. Trump's presidency is expected to boost US economic growth, but will increase inflation when his immigration, tax and trade policies are implemented. This could boost the USD and slow down the process of lowering interest rates by the US Federal Reserve (FED).
Accordingly, the USD also increased strongly in yesterday's session. The Dollar Index, a measure of the strength of the greenback and 6 other major currencies, increased by 1.6% to 105.1 points, the highest level in the past 4 months. The stronger USD increased investment costs, along with concerns about higher interest rates in the US, putting strong pressure on the price of precious metals since yesterday morning.
Source: https://congthuong.vn/gia-bac-hom-nay-8112024-bac-co-phien-gia-m-thap-nhat-trong-vo-ng-1-thang-357427.html
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