Silver price today (February 8, 2025), domestic and world silver prices tend to decline due to pressure from the recovery of the USD.
Silver price today at Phu Quy Jewelry Group, silver price tends to decrease slightly, listed at 1,188,000 VND/tael (buy) and 1,225,000 VND/tael (sell) in Hanoi . In addition, according to a survey at other transaction locations in Hanoi, silver price reversed to decrease, currently listed at 996,000 VND/tael (buy) and 1,030,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 998,000 VND/tael (buy) and 1,035,000 VND/tael (sell). World silver price decreased, currently at 820,000 VND/ounce (buy) and 825,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on February 8, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 996,000 | 1,030,000 | 998,000 | 1,035,000 |
| 1 kg | 26,560,000 | 27,458,000 | 26,612,000 | 27,609,000 | |
| Silver 99.99 | 1 amount | 1,004,000 | 1,038,000 | 1,005,000 | 1,040,000 |
| 1 kg | 26,766,000 | 27,670,000 | 26,808,000 | 27,721,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 8, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,188,000 | 1,225,000 |
| Phu Quy 999 Silver Bar | 1 kg | 31,679,921 | 32,666,585 |
Latest update on world silver prices on February 8, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 820,000 | 825,000 |
| 1 only | 98,813 | 99,423 |
| 1 amount | 988,000 | 994,000 |
| 1 kg | 26,350,000 | 26,513,000 |
At the close of the latest trading session, precious metal prices turned to weaken while base metal commodities were supported in the context of the market placing high expectations on China's new economic stimulus policies.
Among precious metals, silver prices extended their decline into a second session, losing 1.06% to $32.63 an ounce.
At the end of yesterday's trading session, the Dollar Index increased by 0.1% to 107.7 points. According to economists and analysts, the combination of the greenback's strength, rising US bond yields and strong profit-taking activities put pressure on the price of precious metals before the US announced the employment report.
The precious metals market turned weak in yesterday's trading session, pressured by a rebound in the US dollar and profit-taking after a series of consecutive gains amid concerns about rising global trade tensions. The market is now focused on the non-farm payrolls report due out today for further insights on the overall strength of the economy and the US Federal Reserve's policy path.
Source: https://congthuong.vn/gia-bac-hom-nay-822025-bac-suy-giam-372777.html
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