Today's silver prices (February 23, 2025): Domestic and international silver prices simultaneously decreased during the final trading session of the week.
Today's silver price at Phu Quy Gold, Silver and Gemstone Group remains stable, listed at 1,226,000 VND/ounce (buying) and 1,264,000 VND/ounce (selling) in Hanoi . Additionally, according to surveys at other trading locations in Hanoi, domestic silver prices reversed sharply downwards, currently listed at 1,017,000 VND/ounce (buying) and 1,047,000 VND/ounce (selling). In Ho Chi Minh City, silver prices followed the same downward trend, currently at 1,019,000 VND/ounce (buying) and 1,053,000 VND/ounce (selling). World silver prices continued to fall after the previous increase, currently at 830,000 VND/ounce (buying) and 835,000 VND/ounce (selling).
Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on February 23, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
99.9% Silver | 1 tael | 1,017,000 | 1,047,000 | 1,019,000 | 1,053,000 |
| 1 kg | 27,125,000 | 27,923,000 | 27,177,000 | 28,074,000 | |
| 99.99% Silver | 1 tael | 1,025,000 | 1,055,000 | 1,026,000 | 1,057,000 |
| 1 kg | 27,331,000 | 28,135,000 | 27,373,000 | 28,186,000 | |
Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on February 23, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Phu Quy 999 Silver Bars and Ingots | 1 tael | 1,226,000 | 1,264,000 |
| 999 Gold Ingots | 1 kg | 32,693,252 | 33,706,582 |
Latest update on world silver prices on February 23, 2025:
| Unit | Today's world silver price (VND) | |
Buy | Sell | |
| 1 Ounce | 830,000 | 835,000 |
| 1 tael | 100,037 | 100,652 |
| 1 tael | 1,000,000 | 1,007,000 |
| 1 kg | 26,677,000 | 26,841,000 |
Following the previous increase recorded in both domestic and international markets, silver prices fell quite sharply today. Specifically, the spot price of silver settled at $32.71 per ounce, down 0.34%.
Earlier, silver prices recovered 1.34% to $33.49 per ounce – the highest level since the end of October 2024. The main reasons driving the rise in metal prices were concerns about rising inflation in the US and signs of recovering consumer demand in China.
In a speech at a conference hosted by the Saudi Arabian Public Investment Fund in Miami on February 19, US President Donald Trump pledged to work with the Republican Party to implement a series of deep tax cuts aimed at boosting consumption and investment. Accordingly, Trump's plan includes tax exemptions for service bonuses, Social Security benefits, and overtime pay, as well as tax incentives for domestic oil and gas producers.
In addition, the US President proposed allowing businesses to fully deduct investment costs in new factories and other capital expenditures. While these policies are expected to stimulate economic growth, experts warn that they could increase the budget deficit and put upward pressure on prices, leading to a return of inflation. This would fuel safe-haven asset purchases and support the prices of precious metals.
Source: https://congthuong.vn/gia-bac-hom-nay-2322025-bac-da-o-chie-u-gia-m-375182.html
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