Silver price today (March 1, 2025), domestic and world silver prices turned down after the previous increase.
Silver price today at Phu Quy Jewelry Group, silver price decreased slightly, listed at 1,182,000 VND/tael (buy) and 1,219,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price decreased after the previous increase, currently listed at 989,000 VND/tael (buy) and 1,019,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 991,000 VND/tael (buy) and 1,025,000 VND/tael (sell). World silver price also decreased, currently at 796,000 VND/ounce (buy) and 801,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on March 1, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 989,000 | 1,019,000 | 991,000 | 1,025,000 |
| 1 kg | 26,382,000 | 27,180,000 | 26,434,000 | 27,331,000 | |
| Silver 99.99 | 1 amount | 997,000 | 1,027,000 | 999,000 | 1,029,000 |
| 1 kg | 26,588,000 | 27,392,000 | 26,630,000 | 27,443,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on March 1, 2025:
Silver type | Unit | VND | |
Buy | Sell | ||
Silver bars, Phu Quy 999 silver bars | 1 amount | 1,182,000 | 1,219,000 |
| Phu Quy 999 Silver Bar | 1 kg | 31,519,921 | 32,506,585 |
Latest update on world silver prices on March 1, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 796,000 | 801,000 |
| 1 only | 95,930 | 96,546 |
| 1 amount | 959,000 | 965,000 |
| 1 kg | 25,581,000 | 25,746,000 |
At the end of the trading session, the spot silver price stopped at 31.37 USD/toz, the current price is down 0.6% USD/toz, equivalent to a decrease of 1.92% compared to the previous price.
According to the Vietnam Commodity Exchange (MXV), the downward trend of the precious metals market is largely due to investors' cautious sentiment in the face of unpredictable developments in the US tariff policy.
On February 26, US President Donald Trump announced that he was considering imposing a 25% tariff on cars and many other goods from Europe, and mentioned the possibility of imposing tariffs on Mexico and Canada soon. A day later, Mr. Trump continued to post on social media, reaffirming that the 25% tariff on imported goods from Mexico and Canada and an additional 10% tariff on Chinese goods would take effect from March 4.
This move raised concerns about the risk of escalating inflation, forcing the US Federal Reserve (FED) to maintain a tight monetary policy to control prices and stabilize the economy. In the context of high interest rates, the attractiveness of precious metals such as silver and platinum has significantly decreased, creating great pressure on the prices of these two commodities in the last session.
Source: https://congthuong.vn/gia-bac-hom-nay-132025-quay-dau-giam-376129.html
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