Silver surged nearly 4%.

Today's silver prices (January 17, 2025) saw a sharp increase of over 4% in both domestic and international markets.

Today's silver prices at Phu Quy Gold, Silver and Gemstone Group are trending upwards, listed at 1,120,000 VND/ounce (buying price) and 1,155,000 VND/ounce (selling price) in Hanoi . Additionally, surveys at other trading locations in Hanoi show a sharp increase in silver prices, currently listed at 963,000 VND/ounce (buying price) and 997,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices are also trending upwards, currently at 965,000 VND/ounce (buying price) and 1,002,000 VND/ounce (selling price). World silver prices are also rising, currently at 782,000 VND/ounce (buying price) and 787,000 VND/ounce (selling price).

Specifically, here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on January 17, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	963,000	997,000	965,000	1,002,000
	1 kg	25,681,000	26,579,000	25,733,000	26,730,000
99.99% Silver	1 tael	971,000	1,005,000	972,000	1,007,000
	1 kg	25,887,000	26,791,000	25,929,000	26,842,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on January 17, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,146,000	1,181,000
999 Gold Ingots	1 kg	30,559,924	31,493,255

Updated gold price list at Phu Quy Gold, Silver and Gemstone Group on January 17, 2025:

Gold type	Unit	VND
		Buy	Sell
Phu Quy round gold ring	1 tael	84,800,000	86,400,000
SJC gold bars	1 tael	84,600,000	86,600,000

Latest update on world silver prices as of January 17, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	782,000	787,000
1 tael	94,308	94,920
1 tael	943,000	949,000
1 kg	25,149,000	25,312,000

At the close of the latest trading session, Green remains the dominant color on the metal price chart. Precious metals continue to fluctuate in opposite directions, with silver prices soaring nearly 4% to $31.50 per ounce.

Silver prices have risen to near a one-month high as macroeconomic signals fuel expectations that the Federal Reserve will continue its monetary easing policy this year. According to data released yesterday by the U.S. Bureau of Labor Statistics, excluding volatile components such as food and energy, the core CPI for December rose 3.2% year-on-year, lower than the forecast increase of 3.3%.

Lower-than-expected core CPI is a positive sign for precious metals, as the Fed may continue to cut interest rates this year. Currently, the market expects the Fed to cut interest rates by a total of 40 basis points by the end of the year, compared to the 31 basis point forecast before the CPI data was released. This factor contributed to the surge in silver prices today.

Source: https://congthuong.vn/gia-bac-hom-nay-1712025-bac-tang-vot-ga-n-4-369953.html