Silver price today 1/3/2025: Silver increased across the board

Silver price today (January 3, 2025), domestic and world silver prices increased simultaneously.

Silver price today at Phu Quy Jewelry Group, silver price tends to increase, listed at 1,102,000 VND/tael (buy) and 1,136,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price reversed to increase again, currently listed at 920,000 VND/tael (buy) and 962,000 VND/tael (sell). In Ho Chi Minh City, silver price also recorded an upward trend, currently at 922,000 VND/tael (buy) and 963,000 VND/tael (sell). World silver price increased slightly, currently at 747,000 VND/ounce (buy) and 752,000 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 3, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	920,000	962,000	922,000	963,000
	1 kg	24,544,000	25,642,000	24,596,000	25,693,000
Silver 99.99	1 amount	928,000	970,000	930,000	971,000
	1 kg	24,750,000	25,854,000	24,792,000	25,905,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 3, 2025:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,102,000	1,136,000
Phu Quy 999 Silver Bar	1 kg	29,386,593	30,293,258

Latest update on world silver prices on January 3, 2025:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	747,000	752,000
1 only	90,040	90,654
1 amount	900,000	907,000
1 kg	24,011,000	24,174,000

Domestic and world silver prices edged up slightly amid low liquidity due to the 2025 New Year holiday.

In addition, expectations about the US Federal Reserve's (FED) interest rate policy also contributed to restraining silver's growth, when the FED is expected to make fewer interest rate cuts than expected in 2025.

Despite facing many fluctuations, silver prices are predicted by experts to increase sharply next year thanks to industrial demand and limited supply...

Industrial segments have played a major role in silver demand in recent years. As of November, the Silver Institute forecast total industrial demand of 702 million ounces of silver in 2024, up 7% from the 655 million ounces recorded in 2023. Much of the increase is expected to be driven by demand from energy conversion sectors, particularly photovoltaics.

However, these increases come with flat mine production, which is expected to rise just 1% to 837 million ounces in 2024. Secondary supply from recycling will push total silver supply to 1.03 billion ounces for the year, a significant difference from total demand of 1.21 billion ounces.

Source: https://congthuong.vn/gia-bac-hom-nay-312025-bac-do-ng-loat-tang-367587.html