Silver price today (January 20, 2025), domestic and world silver prices continue to reverse sharply down.
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 decline, currently listed at 944,000 VND/tael (buy) and 978,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 946,000 VND/tael (buy) and 983,000 VND/tael (sell). World silver price decreased, currently at 769,000 VND/ounce (buy) and 774,000 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 20, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 944,000 | 978,000 | 946,000 | 983,000 |
| 1 kg | 25,169,000 | 26,067,000 | 25,221,000 | 26,218,000 | |
| Silver 99.99 | 1 amount | 952,000 | 985,000 | 953,000 | 987,000 |
| 1 kg | 25,375,000 | 26,279,000 | 25,417,000 | 26,330,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 20, 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 20, 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 20, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 769,000 | 774,000 |
| 1 only | 92,705 | 93,316 |
| 1 amount | 927,000 | 933,000 |
| 1 kg | 24,721,000 | 24,884,000 |
The global silver market is witnessing a surprising development as prices have dropped sharply in recent trading sessions. Specifically, the world spot silver price has stopped at 30.55 USD/ounce, down 0.43% compared to the previous session. This has surprised many investors and raised questions about the cause of this decline, as well as the future prospects of the silver market.
One of the main factors affecting silver prices in recent times is the lower-than-expected US core CPI data for December. This shows that inflation is showing signs of cooling, and the Federal Reserve (FED) may cut interest rates in the near future. Typically, when interest rates fall, investors will look for higher-yielding investments, such as stocks or real estate. This leads to money flowing out of safe-haven assets such as gold and silver, putting downward pressure on prices.
Although silver prices are falling, many experts believe that this precious metal still has potential for growth in the future. In times of economic uncertainty or when inflation is high, silver is often considered a safe haven asset. Therefore, if the world economic situation becomes more complicated, the demand for silver may increase. Silver is widely used in many industries, especially the technology and renewable energy industries. The development of these industries may boost the demand for silver in the future. In addition, when the US dollar weakens, the prices of USD-denominated commodities, including silver, tend to increase.
Source: https://congthuong.vn/gia-bac-hom-nay-2012025-tiep-tuc-gia-m-manh-370339.html
![[Photo] National Assembly Chairman attends the seminar "Building and operating an international financial center and recommendations for Vietnam"](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/28/76393436936e457db31ec84433289f72)
Comment (0)