World silver prices move in the opposite direction to domestic silver prices.

Today's silver prices (December 27th) show a slight increase in the global silver market, while domestic silver prices are trending downwards.

Today's silver prices at Phu Quy Gold, Silver and Gemstone Group saw a slight increase, listed at 1,105,000 VND/ounce (buying price) and 1,139,000 VND/ounce (selling price) in Hanoi . Additionally, surveys at other trading locations in Hanoi show a slight decrease in silver prices, currently listed at 920,000 VND/ounce (buying price) and 961,000 VND/ounce (selling price). In Ho Chi Minh City, silver prices also increased, currently at 922,000 VND/ounce (buying price) and 963,000 VND/ounce (selling price). World silver prices also increased slightly, currently at 754,000 VND/ounce (buying price) and 759,000 VND/ounce (selling price).

Here is the latest information on today's silver prices in the two largest markets, Hanoi and Ho Chi Minh City, on December 27, 2024:

Silver type	Unit	Hanoi		Ho Chi Minh City
		Buy	Sell	Buy	Sell
99.9% Silver	1 tael	920,000	961,000	922,000	963,000
	1 kg	24,523,000	25,621,000	24,575,000	25,672,000
99.99% Silver	1 tael	927,000	969,000	929,000	971,000
	1 kg	24,729,000	25,833,000	24,771,000	25,884,000

Updated silver price list at Phu Quy Gold, Silver and Gemstone Group on December 27, 2024:

Silver type	Unit/VND	Hanoi
		Buy	Sell
Phu Quy 999 Silver Bars and Ingots	1 tael	1,105,000	1,139,000
999 Gold Ingots	1 kg	29,466,593	30,373,257

Latest update on world silver prices as of December 27, 2024:

Unit	Today's world silver price (VND)
	Buy	Sell
1 Ounce	754,000	759,000
1 tael	90,856	91,470
1 tael	909,000	915,000
1 kg	24,228,000	24,392,000

In the domestic market, silver prices recorded a slight decrease in both buying and selling directions. Globally, silver trading was subdued due to the Christmas holiday in the United States. The spot price of silver settled at $29,710 - $29,910 per ounce, a slight increase compared to the previous session. Earlier, the price had fallen to $29,620 - $29,820 per ounce, a decrease of 0.03%.

Precious metal prices such as gold and silver continued their upward trend after key inflation data was released last weekend, showing signs of easing inflationary pressures in the United States.

Specifically, according to the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce, in November, the core Personal Consumption Expenditures (PCE) index – excluding fluctuations in energy and food prices – increased by only 2.8% year-on-year, 0.1% lower than analysts' forecasts. The cooling of inflation in the United States, reflected in the lower-than-expected increase in the core PCE index, is a key factor helping precious metals maintain their upward momentum. This data reduces expectations that the Federal Reserve (FED) will continue to raise interest rates in the near future, and opens up opportunities for gold, silver, and other precious metals to continue growing as financial markets seek safe-haven assets.

Source: https://congthuong.vn/gia-bac-hom-nay-27122024-bac-the-gioi-nguoc-chieu-bac-trong-nuoc-366395.html