International market recorded a slight upward trend

Overview of silver price today 12/23/2024

Currently, Phu Quy Jewelry Group announced the silver price in Hanoi at 1,098,000 VND/tael (buy) and 1,132,000 VND/tael (sell). Meanwhile, a survey at some other transaction points in the region showed that the silver price remained stable, at 919,000 VND/tael (buy) and 953,000 VND/tael (sell). In Ho Chi Minh City, the silver price did not change, recorded at 921,000 VND/tael (buy) and 955,000 VND/tael (sell). In the international market, the silver price is increasing, with the prices of 754,000 VND/ounce (buy) and 759,000 VND/ounce (sell), respectively.

Update on silver price on December 23 in two major markets Hanoi and Ho Chi Minh City

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
Silver 99.9	1 amount	919,000	953,000	921,000	955,000
	1 kg	24,509,000	25,407,000	24,561,000	25,458,000
Silver 99.99	1 amount	927,000	961,000	928,000	963,000
	1 kg	24,715,000	25,619,000	24,757,000	25,670,000

Update silver price list 12/23 of Phu Quy Gold Investment Joint Stock Company

Silver type	Unit/VND	Hanoi
		Buy	Sell
Silver bars, Phu Quy 999 silver bars	1 amount	1,098,000	1,132,000
Phu Quy 999 Silver Bar	1 kg	29,279,927	30,186,591

Update world silver price list on December 23, 2024

Unit	World silver price today (VND)
	Buy	Sell
1 Ounce	754,000	759,000
1 only	90,955	91,596
1 amount	910,000	916,000
1 kg	24,255,000	24,418,000

Silver prices in the international market have recovered slightly after three consecutive sessions of decline. Silver tends to increase in price in the context of low interest rates and global economic uncertainty. Currently, the forecast of higher-than-target inflation along with significant GDP growth is pushing the FED to apply monetary tightening measures, significantly affecting the price of silver as well as other precious metals.

According to forecasts, inflation in the United States could reach 2.5% in 2025, higher than the 2% target set by the FED. This could force the agency to continue to maintain or raise interest rates to control inflation. This policy has the effect of reducing the amount of money in circulation, thereby curbing consumer demand and investment.

In the third quarter, the US GDP recorded a growth of 3.1%, surpassing market expectations. This result shows that the US economy has maintained its growth momentum, despite the pressure from strict monetary policies. This contributes to the strength of the USD, as a stable economy often gives a big boost to the domestic currency.

Source: https://baodaknong.vn/gia-bac-hom-nay-23-12-thi-truong-quoc-te-ghi-nhan-xu-huong-tang-nhe-237645.html