World silver increased slightly

Silver price today (December 23), silver price on the world market increased slightly, domestic silver this morning remained unchanged compared to yesterday.

Silver price today at Phu Quy Jewelry Group, silver price is listed at 1,098,000 VND/tael (buy) and 1,132,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi , silver price is stable, currently listed at 919,000 VND/tael (buy) and 953,000 VND/tael (sell). In Ho Chi Minh City, silver price is also recorded as unchanged, currently at 921,000 VND/tael (buy) and 955,000 VND/tael (sell). World silver price is currently increasing at 754,000/ounce (buy) and 759,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 23, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	919,000	953,000	921,000	955,000
	1 kg	24,509,000	25,407,000	24,561,000	25,458,000
Silver 99.99	1 amount	927,000	961,000	928,000	963,000
	1 kg	24,715,000	25,619,000	24,757,000	25,670,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 23, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,098,000	1,132,000
Phu Quy 999 Silver Bar	1 kg	29,279,927	30,186,591

Latest update on world silver prices on December 23, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	754,000	759,000
1 only	90,955	91,596
1 amount	910,000	916,000
1 kg	24,255,000	24,418,000

World silver prices turned slightly higher, ending three consecutive sessions of decline. Silver products tend to increase in price 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 promoting the Fed's tightening monetary policy, creating an impact on the price of silver and other precious metals.

The US Federal Reserve (FED) forecasts that inflation will rise to 2.5% in 2025, higher than the 2% target set by the FED. This may cause the FED to continue to maintain 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 reduce consumer and investment demand.

US GDP grew by 3.1% in the third quarter, beating expectations. The strong growth shows that the US economy is still growing despite tight monetary policies. This strengthens the US dollar, as a strong economy usually boosts demand for the domestic currency.

Source: https://congthuong.vn/gia-bac-hom-nay-23122024-bac-the-gioi-tang-nhe-365630.html