Overview of silver price today 11/29/2024
At Phu Quy Gold Investment Joint Stock Company today, the silver price was adjusted to VND 1,111,000/tael for buying and VND 1,145,000/tael for selling in Hanoi . At some other transaction points in the city, the silver price decreased sharply, recorded at VND 928,000/tael (buying) and VND 958,000/tael (selling). In Ho Chi Minh City, the silver price also decreased slightly, with the buying price at VND 930,000/tael and the selling price at VND 960,000/tael. In the international market, the silver price decreased, fluctuating at VND 761,000/ounce (buying) and VND 766,000/ounce (selling).
Update on silver prices on November 29 in two major markets Hanoi and Ho Chi Minh City
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 928,000 | 958,000 | 930,000 | 960,000 |
| 1 kg | 24,746,000 | 25,544,000 | 24,798,000 | 25,595,000 | |
| Silver 99.99 | 1 amount | 936,000 | 966,000 | 937,000 | 968,000 |
| 1 kg | 24,952,000 | 25,756,000 | 24,994,000 | 25,807,000 | |
Update silver price list 11/29 of Phu Quy Gold Investment Joint Stock Company
| Silver type | Unit/VND | Hanoi | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,111,000 | 1,145,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,626,593 | 30,533,257 |
Update world silver price list on November 29, 2024
| Unit | World silver price today (VND) | |
| Buy | Sell | |
| 1 Ounce | 761,000 | 766,000 |
| 1 only | 91,762 | 92,373 |
| 1 amount | 918,000 | 924,000 |
| 1 kg | 24,470,000 | 24,633,000 |
The silver market has been experiencing a sharp decline in recent trading sessions, mainly due to the rising US dollar and positive outlook for US economic growth.
Analysts said that the US services purchasing managers index (PMI) continued to record growth, reflecting that the country's economy is still expanding. This increased expectations for a busy shopping season at the end of the year, especially during holidays such as Thanksgiving and Black Friday.
US consumer growth has driven money flows into highly liquid investment channels such as stocks and cryptocurrencies, leading to reduced interest in hedging assets such as silver and gold.
In addition, the strengthening of the US dollar is also an important factor that puts pressure on silver prices. When the US dollar increases, USD-denominated commodities, including silver, become more expensive for investors using other currencies, reducing demand for silver in the international market.
Forecasts show that if the USD continues its upward trend and the US economy maintains its recovery momentum, silver prices are likely to be under pressure in the coming period. However, any unexpected fluctuations in global financial markets or increased inflation concerns could help silver prices rebound.
Source: https://baodaknong.vn/gia-bac-hom-nay-29-11-2024-gia-bac-ghi-nhan-xu-huong-giam-235530.html
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