Silver price today 3/7/2025: Silver continues to increase

Silver price today (March 7, 2025), domestic and world silver prices continued to increase for the third consecutive session.

Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,200,000 VND/tael (buy) and 1,237,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other trading locations in Hanoi, domestic silver price continued to increase for three consecutive sessions, currently listed at 1,041,000 VND/tael (buy) and 1,071,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,043,000 VND/tael (buy) and 1,077,000 VND/tael (sell). World silver price continued to increase, currently at 824,000 VND/ounce (buy) and 829,000 VND/ounce (sell).

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on March 7, 2025:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	1,041,000	1,071,000	1,043,000	1,077,000
	1 kg	27,771,000	28,569,000	27,823,000	28,720,000
Silver 99.99	1 amount	1,049,000	1,079,000	1,051,000	1,081,000
	1 kg	27,977,000	28,781,000	28,019,000	28,832,000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on March 7, 2025:

Silver type	Unit	VND
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,200,000	1,237,000
Phu Quy 999 Silver Bar	1 kg	31,999,920	32,986,584

Latest update on world silver prices on March 7, 2025:

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	824,000	829,000
1 only	99,301	99,916
1 amount	993,000	999,000
1 kg	26,480,000	26,644,000

At the end of the trading session, silver prices increased by 2.34% to $32.86/ounce, marking the third consecutive increase. According to the Vietnam Commodity Exchange (MXV), strong buying pressure occurred in the metal market amid the US tightening tariff barriers, raising concerns about supply disruptions. In the precious metal market, money continued to flow more strongly due to increased demand for shelter.

On the other hand, data from the Institute for Supply Management (ISM) showed that the US non-manufacturing PMI rose to 53.5 in February, higher than the expected 52.5. This shows that the US economy is still growing.

However, inflationary pressures in the services sector continued to mount as the price index hit 62.6 in February, up from 60.4 in January. This was the first time since March 2023 that the index has recorded three consecutive months above 60%. Inflation in the services sector continued to heat up, reinforcing the view that the US Federal Reserve (FED) could keep monetary policy tight for longer. This could be a factor supporting precious metals prices in the long term, as investors seek shelter from persistent inflation risks.

Source: https://congthuong.vn/gia-bac-hom-nay-732025-bac-noi-da-tang-377095.html