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  The Ministry of Industry and Trade requests proactive response to Typhoon No. 1 and subsequent flooding.The Ministry of Industry and Trade issued a directive on proactively responding to Typhoon No. 1 and subsequent floods, requesting inspections of the power grid system, mining tunnels, and areas at risk of landslides and flooding.  What gaps in the Vietnamese diamond market are revealed by the arrest of the former P-Lab director at PNJ?When the Thanh Hoa Provincial Police announced the indictment and temporary detention of Dang Ngoc Thao, former Director of PNJ Appraisal Company Limited (P-Lab), public attention was not only focused on a diamond smuggling case with hundreds of billions of dong in revenue. What particularly concerned the gemstone business community was another question: what happens when the very organization created to establish market trust is suspected of having aided in legitimizing the origin of goods?  Vietnam Airlines ranks among the Top 10 strongest brands in Vietnam.Vietnam Airlines has just been ranked among the Top 10 strongest brands in Vietnam in 2026 by Brand Finance, a leading global valuation consulting firm based in the UK. The airline is also the only representative of the Vietnamese aviation industry to be included in this ranking. | 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  Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.  The U.S. Army Pacific delegation visits the Quang Tri Provincial Military Command.2026 marks the first time the Pacific Partnership-Friends of the Pacific program will be jointly organized in Quang Tri, creating a large-scale cooperation framework with 25 activities.  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. | 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
