Silver price today (December 6), world and domestic silver recorded continued increase compared to the previous trading session.
Silver price today at Phu Quy Jewelry Group, silver price adjusted up at 1,152,000 VND/tael (buy) and 1,188,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price increased slightly, currently listed at 959,000 VND/tael (buy) and 996,000 VND/tael (sell). In Ho Chi Minh City, silver price also recorded an increase at 961,000 VND/tael (buy) and 998,000 VND/tael (sell). World silver price increased at 794,000/ounce (buy) and 799,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 6, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 959,000 | 996,000 | 961,000 | 998,000 |
| 1 kg | 25,562,000 | 26,560,000 | 25,614,000 | 26,611,000 | |
| Silver 99.99 | 1 amount | 966,000 | 1,004,000 | 968,000 | 1,006,000 |
| 1 kg | 25,768,000 | 26,772,000 | 25,810,000 | 26,823,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 6, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,152,000 | 1,188,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,719,923 | 31,679,921 |
Latest update on world silver prices on December 6, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 794,000 | 799,000 |
| 1 only | 95,743 | 96,356 |
| 1 amount | 957,000 | 964,000 |
| 1 kg | 25,532,000 | 25,695,000 |
Silver’s recovery comes amid escalating trade tensions between the US and China. Domestically, businesses are also adjusting to the rising global silver price.
In the international market, silver prices rose 2.03% in the previous trading session, reaching $31.49/ounce, a remarkable recovery amid rising trade tensions between the US and China. This has led many investors to seek silver as a safe-haven asset. China's ban on the export of some important materials to the US has raised concerns about disruptions in the global supply chain, pushing up the prices of silver and other precious metals.
Another important factor supporting silver prices is the weakening of the US dollar. The Dollar Index has fallen slightly, indicating that the greenback is losing its appeal. When the US dollar weakens, silver and other precious metals become more attractive to international investors. Financial experts say that silver prices may continue to rise in the coming time if tensions between the US and China show no signs of easing.
In the context of high inflation, tight monetary policy and geopolitical instability, silver is considered a safe investment channel, helping to protect the value of investors' assets. The increase in silver prices reflects the market's concerns about the global economic outlook. However, experts also warn that silver prices may continue to fluctuate strongly in the coming time, and investors need to closely monitor the developments of macroeconomic factors.
Source: https://congthuong.vn/gia-bac-hom-nay-6122024-bac-trong-nuoc-va-the-gioi-dong-ng-loat-tang-362705.html
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