Domestic and world silver prices continue to fall

Silver price today (November 1), world silver market and domestic silver market both decreased.

Silver price today at Phu Quy Gold Investment Joint Stock Company, silver price is listed at 1,252,000 VND/tael (buy) and 1,291,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 1,008,000 VND/tael (buy) and 1,045,000 VND/tael (sell). In Ho Chi Minh City, silver price is listed higher, at 1,010,000 VND/tael (buy) and 1,047,000 VND/tael (sell). World silver price is at 848,000/ounce (buy) and 853,000/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 1, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,008,000	1,045,000	1,010,000	1,047,000
	1 kg	26,880,000	27,878,000	26,932,000	27,929,000
Silver 99.99	1 amount	1,012,000	1,050,000	1,014,000	1,052,000
	1 kg	26,976,000	27,990,000	27,028,000	28,041,000

Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on January 1, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,252,000	1,291,000
Phu Quy 999 Silver Bar	1 kg	33,386,583	34,426,581

Latest update on world silver prices on November 1, 2024:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	848,000	853,000
1 only	102,192	102,802
1 amount	1,022,000	1,028,000
1 kg	27,251,000	27,414,000

After several sessions of hot growth, domestic and international silver prices have turned to decline. According to experts, in the short term, the precious metal market will continue to be affected by macro factors such as monetary policy, geopolitics and economic data. Investors need to closely monitor these developments to make appropriate decisions.

In addition, information surrounding the US election and tensions in the Middle East continue to affect the precious metals market, including silver prices. Investors seek safe-haven assets such as precious metals to preserve value in the context of instability. However, positive signals from the US economy have somewhat reduced the role of precious metals as many investors turn to riskier channels such as stocks.

Source: https://congthuong.vn/gia-bac-hom-nay-1112024-bac-trong-nuoc-va-the-gioi-lien-tuc-sut-gia-m-356028.html