Silver down slightly at the end of the week

Today's silver price is listed at 871,000 VND/tael for buying and 913,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 873,000 VND/tael for buying and 914,000 VND/tael for selling. The world silver price slightly decreased with the price of 718,000 VND/ounce for buying and 723,000 VND/ounce for selling.

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on September 1, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	871,000	913,000	873,000	914,000
	1 kg	23,236,000	24,334,000	23,274,000	24,380,000
Silver 99.99	1 amount	873,000	913,000	874,000	918,000
	1 kg	23,284,000	23,304,000	24,140,000	24,483,000

Latest update on world silver prices on September 1, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	718,000	723,000
1 only	86,582	87,182
1 amount	866,000	872,000
1 kg	23,088,000	23,248,000

In a surprising development, the world raw material market witnessed a strong return of investment cash flow in the last trading session of the week. The MXV-Index, a typical measure of the general performance of the market, recovered impressively after two consecutive sessions of decline, increasing 0.7% to 2,151 points.

Notably, silver and platinum prices fell slightly after the previous stable session. The weakness of these precious metals did not affect investors looking for safer havens amid the volatile stock market. This shows investors' optimism about the recovery prospects of the global economy, especially after the US released positive economic data.

The main reason behind the strong recovery of the commodity market is the optimistic sentiment of investors reinforced by the positive economic data recently released by the US.

Specifically, according to the latest report from the US Bureau of Economic Analysis, the country's second quarter GDP was revised up to 3%, 0.2 percentage points higher than the previous estimate.

Source: https://congthuong.vn/gia-bac-hom-nay-192024-bac-giam-nhe-phien-cuoi-tuan-342783.html