Today's silver price (December 23rd): The price of silver on the world market increased slightly, while the domestic silver price remained unchanged compared to yesterday.
Today's silver price at Phu Quy Gold, Silver and Gemstone Group is listed at 1,098,000 VND/ounce (buying price) and 1,132,000 VND/ounce (selling price) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, the silver price remains stable, currently listed at 919,000 VND/ounce (buying price) and 953,000 VND/ounce (selling price). In Ho Chi Minh City, the silver price also remains unchanged, currently at 921,000 VND/ounce (buying price) and 955,000 VND/ounce (selling price). The world silver price is currently up at 754,000 VND/ounce (buying price) and 759,000 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 December 23, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 919,000 | 953,000 | 921,000 | 955,000 |
| 1 kg | 24,509,000 | 25,407,000 | 24,561,000 | 25,458,000 | |
| 99.99% Silver | 1 tael | 927,000 | 961,000 | 928,000 | 963,000 |
| 1 kg | 24,715,000 | 25,619,000 | 24,757,000 | 25,670,000 | |
Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on December 23, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,098,000 | 1,132,000 |
| 999 Gold Ingots | 1 kg | 29,279,927 | 30,186,591 |
Latest update on world silver prices as of December 23, 2024:
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 754,000 | 759,000 |
| 1 tael | 90,955 | 91,596 |
| 1 tael | 910,000 | 916,000 |
| 1 kg | 24,255,000 | 24,418,000 |
Global silver prices reversed course and rose slightly, ending three consecutive days of declines. Silver prices typically tend to rise when interest rates are low and there is uncertainty in the economy. Accordingly, the combination of higher-than-target inflation forecasts and strong GDP growth is driving the Fed's tightening monetary policy, impacting the price of silver and other precious metals.
The U.S. Federal Reserve (FED) forecasts inflation to rise to 2.5% by 2025, higher than its 2% target. This could lead the FED to continue its tight monetary policy, including raising interest rates or maintaining high interest rates to control inflation. This tight monetary policy will reduce the amount of money in circulation and may decrease consumer and investment demand.
The US GDP grew by 3.1% in the third quarter, exceeding expectations. This strong growth demonstrates that the US economy continues to maintain its momentum, despite tight monetary policies. This strengthens the dollar, as a strong economy typically boosts demand for the domestic currency.
Source: https://congthuong.vn/gia-bac-hom-nay-23122024-bac-the-gioi-tang-nhe-365630.html
Comment (0)