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  Spending 250 million VND on rooftop solar power, revealing the reason why the results haven't met expectations.Having invested 250 million VND to install a rooftop solar power system with battery storage (BESS), Mr. Toan in Bac Ninh admits that he has plenty of power to use in the summer. However, in the winter, especially on rainy and cloudy days, the power generation efficiency drops sharply, leaving insufficient power for his needs.  Gold prices surged today, June 28, 2026, at the end of the week, but pessimism still prevails. Why are analysts divided on the outlook for next week?Gold prices today, June 28, 2026, surged to their highest level of the week for both SJC gold bars and domestic gold rings. Global gold prices rose sharply again at the end of the week, but pessimistic sentiment still prevails. The $4,000 mark is considered a crucial psychological "defense line" for the global gold market.  Silver prices today, June 8th: Will Phu Quy, Doji, Ancarat, and Sacombank-SBJ continue to rise or fall?According to Family and Society News (Health and Life Newspaper), today, June 8th, the price of silver at Phu Quy, Doji, Ancarat, and Sacombank-SBJ continues its record decline, hovering around 70 million VND/kg. | 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
