Silver rises closely following gold price

Silver prices today (December 28), domestic and world silver increased simultaneously but trading was quieter due to the holiday in the United States.

Silver price today at Phu Quy Jewelry Group, silver price increased slightly, listed at 1,106,000 VND/tael (buy) and 1,140,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price turned to increase, currently listed at 926,000 VND/tael (buy) and 967,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 928,000 VND/tael (buy) and 969,000 VND/tael (sell). World silver price increased slightly, currently at 755,000/ounce (buy) and 760,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 28, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	926,000	967,000	928,000	969,000
	1 kg	24,689,000	25,787,000	24,741,000	25,838,000
Silver 99.99	1 amount	934,000	975,000	935,000	977,000
	1 kg	24,895,000	25,999,000	24,937,000	26,050,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 28, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,106,000	1,140,000
Phu Quy 999 Silver Bar	1 kg	29,493,260	30,399,924

Latest update on world silver prices on December 28, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	755,000	760,000
1 only	91,018	91,632
1 amount	910,000	916,000
1 kg	24,272,000	24,435,000

In the domestic market, silver prices increased in both buying and selling directions. In the world, silver prices increased slightly but trading was quiet due to the influence of the Christmas holiday in the United States and positive economic data from the United States.

The rise in silver and gold prices was supported by positive inflation data in the United States. According to the Bureau of Economic Analysis (BEA), the core personal consumption expenditures (PCE) price index increased by 2.8% in November, lower than expected. This reduced the pressure on the Fed to raise interest rates, opening the opportunity for the precious metal to continue to grow.

Domestic silver prices are likely to remain stable or increase slightly in the coming time, thanks to the impact of the international market and the psychology of seeking safe assets.

The spot silver market may continue to be slightly volatile after the holiday, especially on major exchanges such as London and Shanghai.

Source: https://congthuong.vn/gia-bac-hom-nay-28122024-bac-tang-sat-theo-da-gia-va-ng-366579.html