Silver price today (December 22), fluctuations from the USD, domestic and world silver prices both increased again.
Silver price today at Phu Quy Jewelry Group, silver price is listed at 1,098,000 VND/tael (buy) and 1,132,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price tends to increase, currently listed at 919,000 VND/tael (buy) and 953,000 VND/tael (sell). In Ho Chi Minh City, silver price also recorded an increase at 921,000 VND/tael (buy) and 955,000 VND/tael (sell). World silver price is currently increasing at 751,000/ounce (buy) and 757,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 22, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 919,000 | 953,000 | 921,000 | 955,000 |
| 1 kg | 24,509,000 | 25,407,000 | 24,561,000 | 25,458,000 | |
| Silver 99.99 | 1 amount | 927,000 | 961,000 | 928,000 | 963,000 |
| 1 kg | 24,715,000 | 25,619,000 | 24,757,000 | 25,670,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 22, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,098,000 | 1,132,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,279,927 | 30,186,591 |
Latest update on world silver prices on December 22, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 751,000 | 757,000 |
| 1 only | 90,605 | 91,218 |
| 1 amount | 906,000 | 912,000 |
| 1 kg | 24,161,000 | 24,325,000 |
Silver prices edged higher, ending a three-session losing streak. Silver tends to rally when interest rates are low and there is economic uncertainty. The combination of higher-than-target inflation forecasts and strong GDP growth is pushing the Fed to tighten monetary policy, which is weighing on silver and other precious metals.
The US Federal Reserve (FED) forecasts that inflation will rise to 2.5% in 2025, higher than the 2% target set by the FED. This may cause the FED to continue to maintain tight monetary policy, including raising interest rates or maintaining high interest rates to control inflation. This tight monetary policy will reduce the amount of money in circulation and may reduce consumer and investment demand.
US GDP grew by 3.1% in the third quarter, beating expectations. The strong growth shows that the US economy is still growing despite tight monetary policies. This strengthens the US dollar, as a strong economy usually boosts demand for the domestic currency.
Source: https://congthuong.vn/gia-bac-hom-nay-22122024-bac-phuc-ho-i-tro-lai-sau-nhie-u-phien-gia-m-lien-tiep-365532.html
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