Today's silver price is listed at 870,000 VND/tael for buying and 918,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 871,000 VND/tael for buying and 920,000 VND/tael for selling. The world silver price is at 704,000 VND/ounce for buying and 709,000 VND/ounce for selling.
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on September 12, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 870,000 | 918,000 | 871,000 | 920,000 |
| 1 kg | 23,193,000 | 24,491,000 | 23,231,000 | 24,537,000 | |
| Silver 99.99 | 1 amount | 875,000 | 919,000 | 876,000 | 924,000 |
| 1 kg | 23,341,000 | 24,503,000 | 23,361,000 | 24,640,000 | |
Latest update on world silver prices on September 12, 2024
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 704,000 | 709,000 |
| 1 only | 84,918 | 85,510 |
| 1 amount | 849,000 | 855,000 |
| 1 kg | 22,645,000 | 22,803,000 |
In a positive development, silver and platinum prices recorded significant gains in the recent trading session. Specifically, silver prices increased by 1.66% to $ 28.65 / ounce, while platinum prices increased more strongly with a gain of 3.07% to $ 946.9 / ounce. This recovery comes after a volatile week in the market, when a series of new economic data was released.
One of the key factors driving the precious metals market’s growth is investors’ growing confidence that the US Federal Reserve (FED) will soon adjust its monetary policy in a more accommodative direction. Although the market has seen a lot of volatility over the past week, expectations for a more flexible monetary policy have remained, creating a new wind in both the precious metals market and the stock market.
Along with the recovery of the precious metals market, the US stock market also recorded positive signals. All three major US stock indexes, Dow Jones, S&P 500 and Nasdaq, increased by more than 1% in the trading session on September 10, ending the previous consecutive decline. This growth shows that investors are gradually becoming more optimistic about the prospects of the US economy.
However, the market is still waiting to see the US inflation report released this week. This report will provide important information to help investors more accurately assess the interest rate developments and monetary policy of the FED in the coming time. The decision of the FED at the policy meeting on September 17 and 18 will depend largely on this inflation data.
The strong growth in silver and platinum prices, along with the recovery in the US stock market, shows that investor sentiment is gradually becoming more positive. However, the market is still in a volatile phase and new developments need to be closely monitored, especially the upcoming inflation report.
Source: https://congthuong.vn/gia-bac-hom-nay-1292024-ky-vong-fed-dieu-chinh-lai-suat-bac-duy-tri-da-tang-345191.html
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