Silver price today (February 1, 2025), domestic and world silver prices continue to increase sharply amid concerns about trade instability.
Silver price today at Phu Quy Jewelry Group, silver price is stable, listed at 1,152,000 VND/tael (buy) and 1,188,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, silver price continues to increase sharply, currently listed at 974,000 VND/tael (buy) and 1,008,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 976,000 VND/tael (buy) and 1,013,000 VND/tael (sell). World silver price also increased sharply, currently at 793,000 VND/ounce (buy) and 798,000 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 1, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 974,000 | 1,008,000 | 976,000 | 1,013,000 |
| 1 kg | 25,975,000 | 26,873,000 | 26,027,000 | 27,024,000 | |
| Silver 99.99 | 1 amount | 982,000 | 1,016,000 | 983,000 | 1,018,000 |
| 1 kg | 26,181,000 | 27,085,000 | 26,223,000 | 27,136,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 1, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,152,000 | 1,188,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,719,923 | 31,679,921 |
Latest update on world silver prices on February 1, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 793,000 | 798,000 |
| 1 only | 95,605 | 96,210 |
| 1 amount | 956,000 | 962,000 |
| 1 kg | 25,495,000 | 25,656,000 |
The metal market ended the trading session with a surge in prices as the US prepared to impose a new import tax framework. Both industrial and precious metals recorded significant increases, reflecting market concerns about global trade uncertainties and the risk of supply disruptions. Silver prices closed up 3.5% at $32.49 an ounce.
According to data just released by the US Bureau of Economic Analysis (BEA) on January 31, US GDP growth in the fourth quarter of 2024 reached only 2.3%, significantly lower than the forecast of 2.7% and showing clear signs of a slowdown in the world's largest economy.
Meanwhile, inflationary pressures remained as the personal consumption expenditures (PCE) index rose 2.3% and the core PCE rose 2.5%, in line with market expectations. The only bright spot came from the labor market, with initial jobless claims falling to 207,000 last week, down 16,000 from the previous week and far exceeding analysts' expectations.
Against this backdrop, President Trump’s plan to raise import tariffs on China, Canada and Mexico is raising concerns about rising inflation. Analysts warn that commodity and manufacturing costs could rise sharply in the coming time. Responding to these uncertainties, investors are increasing cash flows into the precious metals market as a safe haven, boosting the rise of silver and platinum in yesterday’s trading session.
Source: https://congthuong.vn/gia-bac-hom-nay-122025-bac-tang-len-3249-usdounce-371792.html
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