Today's silver prices (November 4th) saw the sharpest decline in the past two weeks in both the global and domestic silver markets.
Today's silver price at Phu Quy Gold Investment Joint Stock Company is listed at 1,204,000 VND/ounce (buying price) and 1,241,000 VND/ounce (selling price) in Hanoi. Additionally, according to surveys at other trading locations in Hanoi, the current silver price is listed at 996,000 VND/ounce (buying price) and 1,026,000 VND/ounce (selling price). In Ho Chi Minh City, the listed silver price is higher, at 998,000 VND/ounce (buying price) and 1,028,000 VND/ounce (selling price). The world silver price is currently at 821,000 VND/ounce (buying price) and 826,000 VND/ounce (selling price).
Here is the latest information on today's silver prices in the two largest markets , Hanoi and Ho Chi Minh City, on November 4, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 996,000 | 1,026,000 | 998,000 You may also like  Silver prices today, June 8th: Will Phu Quy, Doji, Ancarat, and Sacombank-SBJ continue to rise or fall?According to Family and Society News (Health and Life Newspaper), today, June 8th, the price of silver at Phu Quy, Doji, Ancarat, and Sacombank-SBJ continues its record decline, hovering around 70 million VND/kg.  Gold prices this morning, July 1, 2026: Continue to fall sharply.(CLO) Gold prices continued to fall sharply this morning, July 1, 2026, by nearly 1 million VND/ounce, bringing the price of gold bars down to 146.4 million VND/ounce.  Silver prices today, June 16th: Phu Quy Silver, Doji, Ancarat, and Sacombank-SBJ are falling again; the market is difficult to predict.GĐXH - Today's silver prices (June 16th) saw a reversal, with Phu Quy, Doji, Ancarat, and Sacombank-SBJ silver prices falling to around 70 million VND/kg. | 1,028,000 |
| 1 kg | 26,554,000 | 27,352,000 | 26,606,000 | 27,403,000 | |
| 99.99% Silver | 1 tael | 999,000 | 1,030,000 | 1,001,000 | 1,032,000 |
| 1 kg | 26,650,000 | 27,464,000 | 26,702,000 | 27,515,000 | |
Updated silver price list from Phu Quy Gold Investment Joint Stock Company as of November 4, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,204,000 | 1,241,000 |
| 999 Gold Ingots | 1 kg | 32,106,586 | 33,093,251 |
Latest update on world silver prices as of November 4, 2024:
| Unit | Today's world silver price (VND) | |
Buy | Sell  Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.  Encourage U.S. businesses to expand investment in high-tech sectors.Deputy Prime Minister Ho Quoc Dung said that Vietnam welcomes US businesses to continue expanding their operations in Vietnam, especially in high-tech industries and sectors with high added value.  Vietnam and the United States strengthen cooperation in addressing the consequences of war.VTV.vn - On June 22, General Secretary and President To Lam received Acting Secretary of the US Navy Hung Cao. | |
| 1 Ounce | 821,000 | 826,000 |
| 1 tael | 99,023 | 99,633 |
| 1 tael | 990,000 | 996,000 |
| 1 kg | 26,406,000 | 26,569,000 |
At the close of trading on Friday, silver prices continued to weaken. World silver prices fell sharply by 3.75%, to $32.79 per ounce – the lowest level in the past two weeks.
The primary reason for this decline stems from the expectation that the Federal Reserve (FED) will continue to lower interest rates in the near future. The slower-than-expected increase in the Personal Consumption Expenditures (PCE) index further reinforced this belief. When interest rates fall, the opportunity cost of holding non-yielding assets like gold and silver decreases, diminishing their attractiveness.
Aside from the impact of the Fed, US economic data shows that the world's largest economy is still growing steadily with a solid labor market and increasing consumer spending. This is causing investors to shift towards higher-yielding assets such as stocks, reducing the role of precious metals as a "safe haven".
Given the current developments, the market continues to closely monitor the Fed's actions as well as other macroeconomic information. If interest rates are lowered as expected, the price of silver and other precious metals could continue to fall. However, unexpected factors such as geopolitical tensions or other unusual fluctuations could reverse this trend.
Source: https://congthuong.vn/gia-bac-hom-nay-4112024-bac-the-gioi-suy-gia-m-do-dong-thai-tu-fed-356496.html
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