Silver prices continue to increase today. Updated at Phu Quy Gold and Silver at 8:00 a.m., the buying price is 1,095,000 VND/tael and the selling price is 1,129,000 VND/tael in Hanoi. The world silver price is at 781,000/ounce for buying and 786,000/ounce for selling.
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 12, 2024
Silver type | Unit/VND | ||
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,095,000 | 1,129,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,199,927 | 30,106,591 |
Latest update on world silver prices on October 12, 2024
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 781,000 | 786,000 |
| 1 only | 94,188 | 94,786 |
| 1 amount | 942,000 | 948,000 |
| 1 kg | 25,117,000 | 25,276,000 |
In yesterday's trading session, for the precious metals group, silver price increased by 1.86%, reaching 31.24 USD/ounce, while platinum recovered nearly 2%, reaching 976.2 USD/ounce, ending a series of 4 consecutive sessions of decline.
Yesterday, the metal market turned its attention to the US consumer price index (CPI) report for September. Specifically, according to data from the US Bureau of Labor Statistics, in September, the country's core CPI increased 0.3% compared to the previous month and increased 3.3% compared to the same period last year. Both figures were 0.1 percentage points higher than forecast, raising concerns that the US Federal Reserve (FED) may pause interest rate cuts due to signs of rising inflation again.
However, after the data was released, several Fed officials gave reassuring speeches, raising expectations for a Fed rate cut. CME Group's FedWatch tool also showed that the market was betting on an 80% chance that the Fed would cut rates by 25 basis points at its November meeting, up from 76% before the data was released. Accordingly, this optimistic sentiment also boosted buying power for precious metals, supporting silver and platinum prices to rise simultaneously in yesterday's session.
Source: https://congthuong.vn/gia-bac-hom-nay-12102024-bac-tang-bat-chap-so-lieu-cpi-nong-hon-du-bao-351863.html
Comment (0)