Silver price today (January 19, 2025), domestic and world silver prices reversed and decreased after the previous strong increase.
Silver price today at Phu Quy Jewelry Group, silver price decreased sharply, listed at 1,138,000 VND/tael (buy) and 1,173,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price continued to decrease, currently listed at 948,000 VND/tael (buy) and 982,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 950,000 VND/tael (buy) and 988,000 VND/tael (sell). World silver price decreased, currently at 769,000 VND/ounce (buy) and 775,000 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 19, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 948,000 | 982,000 | 950,000 | 988,000 |
| 1 kg | 25,287,000 | 26,185,000 | 25,339,000 | 26,336,000 | |
| Silver 99.99 | 1 amount | 956,000 | 990,000 | 958,000 | 992,000 |
| 1 kg | 25,493,000 | 26,397.00 | 25,535,000 | 26,448,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 19, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,138,000 | 1,173,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,346,591 | 31,279,922 |
Update the latest gold price list at Phu Quy Gold and Gemstone Group on January 19, 2025:
Gold Type | Unit | VND | |
Buy | Sell | ||
Phu Quy round gold ring | 1 amount | 84,700,000 | 86,300,000 |
| SJC gold bars | 1 amount | 84,700,000 | 86,900,000 |
Latest update on world silver prices on January 19, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 769,000 | 775,000 |
| 1 only | 92,773 | 93,384 |
| 1 amount | 928,000 | 934,000 |
| 1 kg | 24,739,000 | 24,902,000 |
In both domestic and international markets, silver prices followed the same downward trend. Specifically, the world spot silver price stopped at 30.55 USD/ounce, down 0.43% USD/ounce.
The lower-than-expected US core CPI data for December suggests a slowing in inflation adjustment, prompting the Federal Reserve to cut interest rates in the near future. This could encourage investors to seek and invest in safe and useful assets such as precious metals, including silver. Silver, as a safe-haven asset, tends to attract interest in low-interest-rate environments or times of heightened economic uncertainty.
Additionally, as interest rates fall, the US dollar may also weaken, creating a favorable environment for precious metals like silver. Therefore, these factors may contribute to the increase in silver prices in the near future.
Source: https://congthuong.vn/gia-bac-hom-nay-1912025-da-o-chieu-u-gia-m-manh-370215.html
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