Silver price today (January 16, 2025), domestic and world silver prices turned to increase after the previous decline.
Silver price today at Phu Quy Jewelry Group, silver price increased slightly, listed at 1,120,000 VND/tael (buy) and 1,155,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price gradually increased, currently listed at 944,000 VND/tael (buy) and 977,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 946,000 VND/tael (buy) and 983,000 VND/tael (sell). World silver price increased slightly, currently at 765,000 VND/ounce (buy) and 770,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on January 16, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 944,000 | 977,000 | 946,000 | 983,000 |
| 1 kg | 25,165,000 | 26,063,000 | 25,217,000 | 26,214,000 | |
| Silver 99.99 | 1 amount | 951,000 | 985,000 | 953,000 | 987,000 |
| 1 kg | 25,371,000 | 26,275,000 | 25,413,000 | 26,326,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 16, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,120,000 | 1,155,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,866,592 | 30,799,923 |
Update the latest gold price list at Phu Quy Gold and Gemstone Group on January 16, 2025:
Gold Type | Unit | VND | |
Buy | Sell | ||
Phu Quy round gold ring | 1 amount | 84,400,000 | 85,900,000 |
| SJC gold bars | 1 amount | 84,400,000 | 86,400,000 |
Latest update on world silver prices on January 16, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 765,000 | 770,000 |
| 1 only | 92,204 | 92,816 |
| 1 amount | 922,000 | 928,000 |
| 1 kg | 24,588,000 | 24,751,000 |
Green covered the world metal market during the trading session. Silver's rise was driven by safe-haven demand amid uncertainty over President-elect Donald Trump's tariff policies, strong jobs reports and low unemployment rates that could make investors concerned about inflation or monetary policies, so they may turn to silver as a hedge.
However, these positive data could also create expectations that the US Federal Reserve will tighten monetary policy, which could make silver more attractive. However, the persistently high US dollar has reduced demand for the two precious metals.
The Dollar Index rose 0.3% to 109.96 yesterday, holding at a two-year high. It was the fourth consecutive session of gains for the index. The high dollar is putting pressure on commodities priced in the greenback, especially precious metals, which are sensitive to interest rates and currency fluctuations.
Source: https://congthuong.vn/gia-bac-hom-nay-1612025-bac-tang-tro-lai-369747.html
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