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
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