Today's silver price is listed at 897,000 VND/tael for buying and 942,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 898,000 VND/tael for buying and 943,000 VND/tael for selling. The world silver price is at 766,000 VND/ounce for buying and 771,000 VND/ounce for selling.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on September 20, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 897,000 | 942,000 | 898,000 | 943,000 |
| 1 kg | 23,911,000 | 25,109,000 | 23,949,000 | 25,155,000 | |
| Silver 99.99 | 1 amount | 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 on September 20, 2024
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 766,000 | 771,000 |
| 1 only | 92,322 | 92,915 |
| 1 amount | 923,000 | 929,000 |
| 1 kg | 24,619,000 | 24,777,000 |
The precious metals market is witnessing a significant decline after the US economic data showed that the world's largest economy is still maintaining a stable growth momentum. Another reason is that the US Federal Reserve (FED) cut interest rates as previously expected, causing silver prices to slightly decrease.
In addition, US retail sales and industrial production both exceeded market forecasts, showing that the economy is still vibrant. This reduced inflationary pressure and prompted the FED to decide to cut interest rates.
The dollar index rose 0.13%, snapping a three-session losing streak. A stronger dollar typically puts pressure on precious metals, including silver and platinum, as they are priced in the U.S. currency.
Investors are becoming more cautious about the latest market developments. They are waiting for more information and signals from policymakers before making further investment decisions.
The decline in silver and platinum prices today shows that the market is responding 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-tuc-suy-yeu-347029.html
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