Silver prices today (October 25) hit a 12-year high as they are the top choice for investors looking for a safe haven.
Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,241,000 VND/tael (buy) and 1,279,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 1,007,000 VND/tael (buy) and 1,052,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 1,009,000 VND/tael (buy) and 1,054,000 VND/tael (sell). World silver price is at 861,000/ounce (buy) and 866,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on October 25, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 1,007,000 | 1,052,000 | 1,009,000 | 1,054,000 |
| 1 kg | 26,852,000 | 28,050,000 | 26,904,000 | 28,101,000 | |
| Silver 99.99 | 1 amount | 1,011,000 | 1,056,000 | 1,012,000 | 1,058,000 |
| 1 kg | 26,948,000 | 28,162,000 | 27,000,000 | 28,213,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on October 25, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,241,000 | 1,279,000 |
| Phu Quy 999 Silver Bar | 1 kg | 33,093,251 | 34,106,581 |
Latest update on world silver prices on October 25, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 861,000 | 866,000 |
| 1 only | 103,809 | 104,422 |
| 1 amount | 1,038,000 | 1,044,000 |
| 1 kg | 27,683,000 | 27,846,000 |
Silver prices are recording strong gains, racing with the rise in gold prices in both domestic and international markets. The recovery of the global economy, the demand for silver in industry and geopolitical tensions have contributed to the increase in silver prices. Both silver and gold have become the top choices for investors looking for safe havens.
The rise was driven by a number of factors: the US Federal Reserve’s interest rate cuts have increased the appeal of silver – a non-yielding asset – amid low interest rates. Tensions in the Middle East and global economic uncertainty have led many investors to seek silver as a “safe haven”.
In addition, silver is not only a precious metal but also an important raw material in many industries, including the production of solar panels, electric vehicles and renewable energy technologies.
In addition, China, the world's largest consumer of metals, has helped increase demand for silver in the global market. Positive economic data from China has contributed to boosting silver prices in recent times.
Source: https://congthuong.vn/gia-bac-hom-nay-25102024-bac-tang-nong-cung-gia-vang-co-hoi-dau-tu-lon-354585.html
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