Global silver prices continue to rise.

Today's silver price is listed at 900,000 VND/ounce for buying and 945,000 VND/ounce for selling in Hanoi. In Ho Chi Minh City, the listed price is higher at 901,000 VND/ounce for buying and 946,000 VND/ounce for selling. The world silver price is currently at 732,000 VND/ounce for buying and 737,000 VND/ounce for selling.

Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on September 13, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	900,000	945,000	901,000	946,000
	1 kg	23,991,000	25,189,000	24,029,000	25,235,000
99.99% Silver	1 tael	905,000	945,000	906,000	950,000
	1 kg	24,139,000	25,201,000	24,159,000	25,338,000

Latest update on world silver prices as of September 13, 2024.

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	732,000	737,000
1 tael	88,287	88,880
1 tael	883,000	889,000
1 kg	23,543,000	23,701,000

The metals market experienced a positive trading day as all commodities rose in price. For precious metals, silver and platinum both gained more than 1%, closing at $28.93 per ounce and $956.2 per ounce, respectively. Precious metal prices benefited from the release of cooling inflation data from the US, which helped the market confirm that the Federal Reserve (FED) will cut inflation by 25 basis points at its September meeting.

Specifically, according to data released yesterday by the Bureau of Labor Statistics of the U.S. Department of Labor, the consumer price index (CPI) in August rose 2.5% year-on-year, in line with forecasts and lower than the 2.9% increase in the previous month. In addition, the core CPI, which excludes volatile energy and food prices, remained at 3.2% for the second consecutive month. However, on a monthly basis, the core CPI unexpectedly rose 0.3% in August. This figure was 0.1 percentage points higher than forecasts and the highest level in four months.

The unexpected monthly increase in core CPI data has diminished the likelihood of a large-scale Fed interest rate cut. However, overall, this report continues to confirm that inflation in the US is still on track to fall to the 2% target, thereby allowing the Fed to cut interest rates at next week's meeting, expected by 25 basis points. Silver and platinum prices are therefore also benefiting, as the low interest rate environment is a favorable investment environment for precious metals.

Source: https://congthuong.vn/gia-bac-hom-nay-1392024-bac-the-gioi-tiep-tuc-khoi-sac-345497.html