Silver price today (December 7), following the increase of the previous session, world silver price continued to increase by 6 USD/ounce in the past 24 hours.
Silver price today at Phu Quy Jewelry Group, silver price adjusted down slightly at 1,151,000 VND/tael (buy) and 1,187,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price is currently listed at 961,000 VND/tael (buy) and 995,000 VND/tael (sell). In Ho Chi Minh City, silver price was also recorded at 963,000 VND/tael (buy) and 997,000 VND/tael (sell). World silver price increased at 795,000/ounce (buy) and 800,000/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on December 7, 2024:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 961,000 | 995,000 | 963,000 | 997,000 |
| 1 kg | 25,626,000 | 26,524,000 | 25,678,000 | 26,575,000 | |
| Silver 99.99 | 1 amount | 969,000 | 1,003,000 | 970,000 | 1,005,000 |
| 1 kg | 25,832,000 | 26,736,000 | 25,874,000 | 26,787,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on December 7, 2024:
Silver type | Unit/VND | Hanoi | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,151,000 | 1,187,000 |
| Phu Quy 999 Silver Bar | 1 kg | 30,693,257 | 31,653,254 |
Latest update on world silver prices on December 7, 2024:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 795,000 | 800,000 |
| 1 only | 95,811 | 96,424 |
| 1 amount | 958,000 | 964,000 |
| 1 kg | 25,550,000 | 25,713,000 |
World and domestic silver prices continued to increase compared to the previous trading session amid escalating US-China trade tensions. Another important factor supporting silver prices is the weakening of the USD.
China's ban on exports of critical materials such as gallium, germanium and antimony to the United States has raised concerns about disruptions to global supply chains, sending investors to silver as a safe-haven asset.
Another important factor supporting silver prices is the weakening of the US dollar. The Dollar Index fell slightly, reducing the attractiveness of the greenback and making silver more attractive to international investors. In a context of high inflation and geopolitical uncertainty, silver continues to be seen as a safe investment channel.
Source: https://congthuong.vn/gia-bac-hom-nay-7122024-bac-trong-nuoc-va-the-gioi-duy-tri-da-tang-nhe-362922.html
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