Today's silver price is listed at 897,000 VND/ounce for buying and 942,000 VND/ounce for selling in Hanoi. In Ho Chi Minh City, the price is higher at 898,000 VND/ounce for buying and 943,000 VND/ounce for selling. The world silver price is currently at 766,000 VND/ounce for buying and 771,000 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 20, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 897,000 | 942,000 | 898,000 | 943,000 |
| 1 kg | 23,911,000 | 25,109,000 | 23,949,000 | 25,155,000 | |
| 99.99% Silver | 1 tael | 902,000 | 942,000 | 903,000 | 947,000 |
| 1 kg | 24,059,000 | 25,121,000 | 24,079,000 | 25,258,000 | |
Latest update on world silver prices as of September 20, 2024.
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 766,000 | 771,000 |
| 1 tael | 92,322 | 92,915 |
| 1 tael | 923,000 | 929,000 |
| 1 kg | 24,619,000 | 24,777,000 |
The precious metals market is experiencing a significant price drop after US economic data showed that the world's largest economy is maintaining stable growth. Another factor is the Federal Reserve's (FED) interest rate cut, as previously expected, causing silver prices to fall slightly.
In addition, US retail sales and industrial production both exceeded market forecasts, indicating that the economy remains robust. This eased inflationary pressure and led the Fed to decide to cut interest rates.
The Dollar Index rose 0.13%, ending a three-session losing streak. A stronger dollar typically puts pressure on the prices of precious metals, including silver and platinum, as they are often priced in US dollars.
Investors are showing more caution in light of the latest market developments. They are waiting for more information and signals from policymakers before making their next investment decisions.
The decline in silver and platinum prices today indicates that the market is reacting sensitively to changes in the economic outlook and monetary policy. Investors need to closely monitor market developments in the coming days to make effective investment decisions.
Source: https://congthuong.vn/gia-bac-hom-nay-2092024-bac-trong-nuoc-tiep-tiep-suy-yeu-347029.html
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