Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,240,000 VND/tael (buy) and 1,278,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price is currently listed at 998,000 VND/tael (buy) and 1,043,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 1,000,000 VND/tael (buy) and 1,045,000 VND/tael (sell). World silver price is at 862,000 VND/ounce (buy) and 867,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 23, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell out | Buy | Sell out | ||
99.9 silver | 1 amount | 998,000 | 1,043,000 | 1,000,000 | 1,045,000 |
| 1 kg | 26,616,000 | 27,814,000 | 26,668,000 | 27,865,000 | |
| Silver 99.99 | 1 amount | 1,002,000 | 1,047,000 | 1,004,000 | 1,049,000 |
| 1 kg | 26,503,000 | 27,926,000 | 26,764,000 | 27,977,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 23, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell out | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,240,000 | 1,278,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,066,584 | 34,079,915 |
Latest update on world silver price on October 23, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell out | |
| 1 Ounce | 862,000 | 867,000 |
| 1 finger | 103,967 | 104,580 |
| 1 amount | 1,040,000 | 1,046,000 |
| 1 kg | 27,725,000 | 27,888,000 |
Silver prices have enjoyed a spectacular rise over the past five years, far surpassing the 80% rise in gold prices. The nearly 92% increase is a clear testament to the appeal of silver. But what makes silver such an attractive investment? And will the silver craze continue?
Silver prices could hit $50 an ounce in the future if the rally continues, according to trader Bob Loukas. With the US Federal Reserve (Fed) easing monetary policy, interest rate cuts will increase the appeal of silver, especially when non-yielding assets like silver are preferred in the context of low interest rates.
Geopolitical factors have also contributed to the rise in silver prices. Tensions in the Middle East, coupled with global economic uncertainty, have fueled demand for safe havens, making silver a top choice for investors.
Industrial demand for silver is growing, especially in areas such as solar panel manufacturing, electric vehicles, and renewable energy technology. These industries are growing rapidly, driving demand for silver to meet technical and manufacturing requirements.
In addition, positive economic data from China – the world’s largest consumer of metals – has helped increase demand for silver in the global market. The European Central Bank has also cut interest rates three times this year to control inflation, creating a positive impact on silver prices.
Source: https://congthuong.vn/gia-bac-hom-nay-23102024-bac-tang-nong-khong-kem-gia-va-ng-354099.html
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