Silver price today (November 2), the world silver market and domestic silver both decreased sharply during the trading session.
Silver price today at Phu Quy Gold Investment Joint Stock Company, the listed silver price has been adjusted down to 1,204,000 VND/tael (buy) and 1,241,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, the silver price is currently listed at 995,000 VND/tael (buy) and 1,029,000 VND/tael (sell). In Ho Chi Minh City, the listed silver price is higher, at 997,000 VND/tael (buy) and 1,031,000 VND/tael (sell). The world silver price is at 828,000/ounce (buy) and 833,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on November 2, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 995,000 | 1,029,000 | 997,000 | 1,031,000 |
| 1 kg | 26,540,000 | 27,438,000 | 26,592,000 | 27,489,000 | |
| Silver 99.99 | 1 amount | 999,000 | 1,033,000 | 1,001,000 | 1,035,000 |
| 1 kg | 26,636,000 | 27,550,000 | 26,688,000 | 27,601,000 | |
Update the latest silver price list of Phu Quy Gold Investment Joint Stock Company on January 2, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,204,000 | 1,245,000 |
| Phu Quy 999 Silver Bar | 1 kg | 32,106,586 | 33,093,251 |
Latest update on world silver prices on November 2, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 828,000 | 833,000 |
| 1 only | 99,867 | 100,478 |
| 1 amount | 999,000 | 1,005,000 |
| 1 kg | 2,631,000 | 26,794,000 |
At the close of trading, the metal market had mixed results. For precious metals, silver fell 3.75% to $32.79 an ounce, a two-week low. This was also the session that recorded the largest daily drop in silver prices in the past three weeks. Platinum also lost the $1,000 an ounce mark after falling more than 2%, closing at $999.6 an ounce, a two-week low.
On October 31, the US Department of Commerce announced that the Personal Expenditures Price Index (PCE) in September increased by 2.1% compared to the same period last year. This rate is lower than the 2.3% in August and is closer to the 2% target set by the US Federal Reserve (FED), strengthening the possibility that the FED will lower interest rates next week. However, excluding volatile energy and food, the US PCE increased by 2.7% compared to the same period last year and 0.3% last month. The market is still expecting the FED to continue to lower interest rates at the policy meeting on November 6-7 after reducing 50 basis points in September.
In addition, the easing of fears of a US recession has also weakened the precious metal’s role as a safe haven. Recent US data has shown that the world’s largest economy is still growing steadily, the labor market is strong, and consumer, business and government spending are all increasing. The US GDP in the third quarter recorded a steady growth of 2.8%.
Source: https://congthuong.vn/gia-bac-hom-nay-2112024-bac-co-muc-gia-m-thap-nhat-trong-2-tua-n-356217.html
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