Silver prices reverse course and rise again.

Today's silver price is listed at 925,000 VND/ounce for buying and 962,000 VND/ounce for selling in Hanoi. In Ho Chi Minh City, the listed price is higher at 926,000 VND/ounce for buying and 968,000 VND/ounce for selling. The world silver price is currently at 758,000 VND/ounce for buying and 762,000 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 24, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	925,000	962,000	926,000	968,000
	1 kg	24,665,000	25,663,000	24,703,000	25,809,000
99.99% Silver	1 tael	930,000	963,000	931,000	972,000
	1 kg	24,813,000	25,675,000	24,833,000	25,912,000

Latest update on world silver prices on September 24, 2024

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	758,000	762,000
1 tael	91,434	91,879
1 tael	914,000	919,000
1 kg	24,382,000	24,501,000

The metals market experienced a volatile week, with the focus on the Federal Reserve's interest rate cut. For precious metals, silver rose for the second consecutive week, gaining 1.39% to $31.50 per ounce, its highest level in over two months. Conversely, platinum reversed its near-two-month high, losing 2.47% of its value, closing the week at $981.90 per ounce.

The Fed's decision to drastically cut interest rates was considered "dovish" by experts and an optimistic start to the monetary easing campaign. Precious metal prices, which are sensitive to interest rate fluctuations, were also expected to benefit from this move. However, silver and platinum prices subsequently moved in opposite directions, reflecting investors' continued caution in assessing the policy's impact on prices. Nevertheless, experts say the outlook for precious metal prices remains bullish, at least in the short term.

Source: https://congthuong.vn/gia-bac-hom-nay-2492024-gia-bac-dao-chieu-tang-tro-lai-347845.html