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Silver recovers after US presidential election

Báo Công thươngBáo Công thương07/11/2024

Silver price today (November 7), the world silver market recovered as a hedge against economic and political risks.


Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,200,000 VND/tael (buy) and 1,237,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 1,006,000 VND/tael (buy) and 1,033,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 1,008,000 VND/tael (buy) and 1,034,000 VND/tael (sell). World silver price is at 817,000 VND/ounce (buy) and 822,000 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 7, 2024:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell ​​out

Buy

Sell ​​out

99.9 silver

1 amount

1,006,000

1,033,000

1,008,000

1,034,000

1 kg 26,836,000 27,534,000 26,888,000 27,585,000
Silver 99.99 1 amount 1,010,000 1,037,000 1,012,000 1,039,000
1 kg 26,932,000 27,646,000 27,984,000 27,697,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on November 7, 2024:

Silver type

Unit/VND

Hanoi

Buy

Sell ​​out

Silver bars, Phu Quy 999 silver bars

1 amount

1,200,000

1,237,000

Phu Quy 999 Silver Bar 1 kg 31,999,920 32,986,584

Latest update on world silver price on November 7, 2024:

Unit

World silver price today (VND)

Buy

Sell ​​out

1 Ounce

817,000

822,000

1 finger 98,473 99,086
1 amount 985,000 991,000
1 kg 26,259,000 26,423,000

At the end of the trading session, for precious metals, thanks to their good role as a safe haven, silver and platinum prices both recovered in yesterday's session. Closing, silver prices recovered from a two-week low thanks to a 0.51% increase to 32.78 USD/ounce.

The highly anticipated US presidential election officially took place yesterday afternoon Vietnam time and current polls are showing a tight race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. The uncertainty that has engulfed the market has supported precious metal prices, which has also caused a cautious sentiment to prevail in the market, thereby supporting the precious metal's price increase as a hedge against economic and political risks.



Source: https://congthuong.vn/gia-bac-hom-nay-7112024-bac-phuc-ho-i-sau-cuoc-bau-cu-tong-thong-my-357197.html

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