Silver prices remain stable

Overview of silver price today 12/30/2024

Today, at Phu Quy Gold and Gemstone Group, silver prices remained stable, recorded at VND 1,106,000/tael (buy) and VND 1,140,000/tael (sell) in Hanoi. According to data from other transaction points in Hanoi, silver prices remained unchanged, currently maintained at VND 915,000/tael (buy) and VND 956,000/tael (sell). In Ho Chi Minh City, silver prices also remained unchanged, with listed prices of VND 917,000/tael (buy) and VND 958,000/tael (sell). In the world market, silver prices are at VND 748,000/ounce (buy) and VND 753,000/ounce (sell).

Update on silver prices on December 30 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	915,000	956,000	917,000	958,000
	1 kg	24,399,000	25,497,000	24,451,000	25,548,000
Silver 99.99	1 amount	923,000	964,000	924,000	966,000
	1 kg	24,605,000	25,709,000	24,647,000	25,760,000

Update silver price list 12/30 of Phu Quy Gold Investment Joint Stock Company

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,106,000	1,140,000
Phu Quy 999 Silver Bar	1 kg	29,493,260	30,399,924

Update world silver price list on December 30, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	748,000	753,000
1 only	90,192	90,805
1 amount	902,000	908,000
1 kg	24,051,000	24,215,000

Silver prices in domestic and international markets remained stable after experiencing a sharp decline in the previous session.

During the weekend trading session, silver prices (XAG/USD) fell to around $29.60/ounce, largely due to low trading volumes during the year-end holidays.

Despite rising tensions between Israel and Iran, which typically boost safe-haven assets like silver, the yield on the 10-year US Treasury note rose to 4.61%, putting downward pressure on silver prices.

Additionally, the Fed's interest rate policy forecast also slowed silver's rally, as the central bank is expected to cut interest rates less than expected in 2025.

Source: https://baodaknong.vn/gia-bac-hom-nay-30-12-2024-gia-bac-giu-vung-trang-thai-on-dinh-238382.html