Today's silver prices (November 2nd) saw a sharp decline in both the global and domestic silver markets during the trading session.
Today's silver price at Phu Quy Gold Investment Joint Stock Company is listed at 1,204,000 VND/ounce (buying price) and 1,241,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the current silver price is listed at 995,000 VND/ounce (buying price) and 1,029,000 VND/ounce (selling price). In Ho Chi Minh City, the listed silver price is higher, at 997,000 VND/ounce (buying price) and 1,031,000 VND/ounce (selling price). The world silver price is currently at 828,000 VND/ounce (buying price) and 833,000 VND/ounce (selling price).
Here is the latest information on today's silver prices in the two largest markets , Hanoi and Ho Chi Minh City, on November 2nd, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 995,000 | 1,029,000 | 997,000 You may also like  Monetary policy: Don't trade risk for growth.VTV.vn - The State Bank of Vietnam is expanding the scope of capital supply for priority sectors but affirms that it will not loosen credit quality, while ensuring the safety of system liquidity.  Vietnam is now an upper-middle-income country: The goal of becoming a high-income country is getting closer.Vietnam has officially joined the group of upper-middle-income countries. This is the result of nearly 40 years of reform, opening a new path towards the goal of high income by 2045.  Silver prices have fallen but still show signs of a long-term recovery.Domestic and international silver prices saw slight adjustments in the first week of May 2026 but maintained support levels, and the long-term outlook remains unbroken. | 1,031,000 |
| 1 kg | 26,540,000 | 27,438,000 | 26,592,000 | 27,489,000 | |
| 99.99% Silver | 1 tael | 999,000 | 1,033,000 | 1,001,000 | 1,035,000 |
| 1 kg | 26,636,000 | 27,550,000 | 26,688,000 | 27,601,000 | |
Updated silver price list from Phu Quy Gold Investment Joint Stock Company as of January 2nd, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,204,000 | 1,245,000 |
| 999 Gold Ingots | 1 kg | 32,106,586 | 33,093,251 |
Latest update on world silver prices as of November 2, 2024:
| Unit | Today's world silver price (VND) | |
Buy  The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.  Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.  Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries. | Sell | |
| 1 Ounce | 828,000 | 833,000 |
| 1 tael | 99,867 | 100,478 |
| 1 tael | 999,000 | 1,005,000 |
| 1 kg | 2,631,000 | 26,794,000 |
At the close of trading, the metals market showed relatively mixed results. For precious metals, silver prices fell 3.75% to $32.79 per ounce, a two-week low. This was also the largest daily drop in silver prices in the past three weeks. Platinum also lost the $1,000 per ounce mark after falling more than 2%, closing at $999.6 per ounce, a two-week low.
On October 31, the US Department of Commerce announced that the Personal Consumption Expenditures (PCE) index for September rose 2.1% year-on-year. This rate is lower than the 2.3% increase in August and closer to the Federal Reserve's (FED) 2% target, further reinforcing the likelihood of a Fed interest rate cut next week. However, excluding the volatile energy and food prices, the US PCE increased 2.7% year-on-year and 0.3% the previous month. The market is still expecting the Fed to further cut interest rates at its policy meeting on November 6-7, following a 50 basis point reduction in September.
Furthermore, the easing of recession fears in the US has weakened the safe-haven role of precious metals. Recent US data has shown that the world's largest economy remains stable, with a robust labor market and increased consumer, business, and government spending. US GDP in the third quarter recorded a steady growth of 2.8%.
Source: https://congthuong.vn/gia-bac-hom-nay-2112024-bac-co-muc-gia-m-thap-nhat-trong-2-tua-n-356217.html
