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Silver maintains record gains

Báo Công thươngBáo Công thương20/10/2024


Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,204,000 VND/tael (buy) and 1,241,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 976,000 VND/tael (buy) and 1,025,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 978,000 VND/tael (buy) and 1,027,000 VND/tael (sell). World silver price is at 846,000/ounce (buy) and 851,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 20, 2024:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

976,000

1,025,000

978,000

1,027,000

1 kg 26,035,000 27,333,000 26,087,000 27,384,000
Silver 99.99 1 amount 980,000 1,029,000 982,000 1,031,000
1 kg 26,131,000 27,445,000 26,183,000 27,496,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 20, 2024

Silver type

Unit/VND

Hanoi

Buy

Sell

Silver bars, Phu Quy 999 silver bars

1 amount

1,204,000

1,241,000

Phu Quy 999 Silver Bar 1 kg 30,373,257 31,306,588

Latest update on world silver prices on October 20, 2024

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

846,000

851,000

1 only 102,024 102,630
1 amount 1,020,000 1,026,000
1 kg 27,206,000 27,368,000

Silver prices remained green in the final trading session of the week. However, uncertainty over the US Federal Reserve’s interest rate policy and geopolitical developments ahead of the US presidential election have increased investor caution, leading to increased demand for silver and other precious metals as a hedge against risk.

Silver is not only favored for its safe haven ability in times of uncertainty, but also as a flexible investment tool, helping to diversify asset portfolios. Given the current geopolitical and economic situation, many experts believe that silver prices will continue to increase in the near future, especially when the decisions from the FED are still unclear.



Source: https://congthuong.vn/gia-bac-hom-nay-20102024-bac-duy-tri-muc-tang-ky-luc-353487.html

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