Domestic silver prices have fallen sharply.

Today's silver prices (January 15, 2025): Domestic silver prices are weakening, contrary to the slight upward trend in world silver prices.

Today's silver prices at Phu Quy Gold, Silver and Gemstone Group have reversed their upward trend and are now listed at 1,117,000 VND/ounce (buying price) and 1,152,000 VND/ounce (selling price) in Hanoi . Additionally, surveys at other trading locations in Hanoi show weakening silver prices, currently listed at 929,000 VND/ounce (buying price) and 963,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices are following the same downward trend, currently at 931,000 VND/ounce (buying price) and 969,000 VND/ounce (selling price). World silver prices have increased slightly, currently at 755,000 VND/ounce (buying price) and 760,000 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 January 15, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	929,000	963,000	931,000	969,000
	1 kg	24,782,000	25,680,000	24,834,000	25,831,000
99.99% Silver	1 tael	937,000	971,000	939,000	973,000
	1 kg	24,988,000	25,892,000	25,030,000	25,943,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on January 15, 2025:

Silver type	Unit	VND
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,117,000	1,152,000
999 Gold Ingots	1 kg	29,786,592	30,719,923

Updated gold price list at Phu Quy Gold, Silver and Gemstone Group on January 15, 2025:

Gold type	Unit	VND
		Buy	Sell
Phu Quy round gold ring	1 tael	84,600,000	86,100,000
SJC gold bars	1 tael	84,400,000	86,400,000

Latest update on world silver prices as of January 15, 2025:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	755,000	760,000
1 tael	90,997	91,609
1 tael	910,000	916,000
1 kg	24,266,000	24,429,000

After a 0.11% drop to $30.50 per ounce compared to the previous session, world silver prices edged up slightly at the end of the latest trading session.

Last week, silver prices experienced a strong surge, rising 4.15% to $31.3 per ounce. This was the highest level in four weeks and also marked a seven-day winning streak. This was driven by safe-haven demand from investors, despite positive economic data from the US, such as the better-than-expected December 2024 jobs report and a surprising change in the unemployment rate.

Furthermore, uncertainty surrounding President-elect Donald Trump's tariff policies could create inflationary factors, impacting demand for precious metals like silver and gold. Investors tend to seek safe-haven assets during periods of economic policy uncertainty, especially when tariff policies can affect commodity prices, production costs, and the economy as a whole.

In this context, silver, as a precious metal, is often seen as a hedge against inflation and a financial risk reducer. As inflation concerns increase, so does the demand for silver and other precious metals.

Source: https://congthuong.vn/gia-bac-hom-nay-1512025-bac-trong-nuoc-giam-manh-369571.html