Today's silver price at Phu Quy Gold Investment Joint Stock Company is listed at 1,215,000 VND/ounce (buying price) and 1,253,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the current silver price is listed at 990,000 VND/ounce (buying price) and 1,035,000 VND/ounce (selling price). In Ho Chi Minh City, the listed silver price is higher, at 992,000 VND/ounce (buying price) and 1,037,000 VND/ounce (selling price). The world silver price is currently at 855,000 VND/ounce (buying price) and 860,000 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 October 22, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 990,000 | 1,035,000 | 992,000 | 1,037,000 You may also like  Silver prices plummeted today, June 23, 2026, at the start of the week, with some places losing nearly 1.8 million VND/kg.Today, June 23, 2026, silver prices have fallen sharply across the board, following the downward trend in the global market. Many brands have lowered the price of silver bars by more than 1.5 million VND/kg, with Phu Quy recording the deepest drop, reaching nearly 1.8 million VND/kg.  Brent crude oil prices recorded their sharpest monthly and quarterly declines since 2020.Crude oil prices showed little movement on June 30, but recorded their biggest monthly and quarterly declines since 2020, as investors focused on the US-Iran talks in Doha.  The government has extended the application of the tax policy on gasoline and diesel until September 30, 2026.On June 30, the Government issued Resolution No. 34/2026/NQ-CP on extending the application period of preferential import tax, environmental protection tax and value-added tax on gasoline, diesel, raw materials for gasoline and diesel production and aviation fuel. |
| 1 kg | 26,407,000 | 27,605,000 | 26,459,000 | 27,656,000 | |
| 99.99% Silver | 1 tael | 994,000 | 1,039,000 | 996,000 | 1,041,000 |
| 1 kg | 26,503,000 | 27,717,000 | 26,555,000 | 27,768,000 | |
Updated silver price list from Phu Quy Gold Investment Joint Stock Company on October 22, 2024.
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,215,000 | 1,253,000 |
| 999 Gold Ingots | 1 kg | 32,399,919 | 33,413,250 |
Latest update on world silver prices on October 22, 2024
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 855,000  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.  Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.  Vietnam and the United States strengthen cooperation in addressing the consequences of war.VTV.vn - On June 22, General Secretary and President To Lam received Acting Secretary of the US Navy Hung Cao. | 860,000 |
| 1 tael | 103,126 | 103,736 |
| 1 tael | 1,031,000 | 1,037,000 |
| 1 kg | 27,500,000 | 27,663,000 |
While gold remains the traditional safe-haven asset, silver is quietly emerging as a shining star in the precious metals market. With growth of nearly 92% over the past five years, silver has surpassed its "sibling" gold and attracted significant interest from investors.
According to trader Bob Loukas's forecast, the price of silver could reach $50 per ounce in the future if the upward trend continues. With the loose monetary policy from the US Federal Reserve (FED), interest rate cuts will increase the attractiveness of silver, especially as non-yielding assets like silver are preferred in a low-interest rate environment.
Geopolitical factors have also contributed significantly to the rise in silver prices. Tensions in the Middle East, along with uncertainty about the global economy, have fueled demand for safe haven assets, making silver a top choice for investors.
Industrial demand for silver is increasing, particularly in sectors such as solar panel manufacturing, electric vehicles, and renewable energy technology. These industries are thriving, driving up the need for silver to meet technical and production requirements.
Furthermore, positive economic data from China – the world's largest consumer of metals – has helped boost demand for silver in the global market. The European Central Bank has also implemented three interest rate cuts this year to control inflation, creating a positive impact on silver prices.
Source: https://congthuong.vn/gia-bac-hom-nay-22102024-bac-duy-tri-trie-n-vong-tang-da-i-han-353835.html
