Silver price today (January 31, 2025), domestic and world silver prices continue to increase strongly after many consecutive declines.
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 increased sharply after the previous decrease, currently listed at 958,000 VND/tael (buy) and 992,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 960,000 VND/tael (buy) and 997,000 VND/tael (sell). World silver price also increased, currently at 781,000 VND/ounce (buy) and 786,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on January 31, 2025:
Silver type | Unit | Hanoi | Ho Chi Minh City | ||
Buy | Sell | Buy | Sell | ||
Silver 99.9 | 1 amount | 958,000 | 992,000 | 960,000 | 997,000 |
| 1 kg | 25,551,000 | 26,449,000 | 25,603,000 | 26,600,000 | |
| Silver 99.99 | 1 amount | 966,000 | 1,000,000 | 967,000 | 1,002,000 |
| 1 kg | 25,757,000 | 26,661,000 | 25,799,000 | 26,712,000 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 31, 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 January 31, 2025:
| Unit | World silver price today (VND) | |
Buy | Sell | |
| 1 Ounce | 781,000 | 786,000 |
| 1 only | 94,131 | 94,736 |
| 1 amount | 941,000 | 947,000 |
| 1 kg | 25,102,000 | 25,263,000 |
At the end of the trading session, for the precious metal group, silver price recorded an increase of 1.54%, to 30.88 USD/ounce.
Silver prices rose as US President Trump highlighted plans to impose import tariffs on a range of goods, including computer chips, pharmaceuticals, copper, aluminum and steel. This is a measure aimed at encouraging companies to manufacture in the US and reduce their dependence on imports. The move has raised concerns about the risk of shrinking the supply of silver - an important material in chip production thanks to its superior electrical and thermal conductivity. At the same time, silver is also popular in the medical field due to its antibacterial properties, increasing demand for this metal.
In addition, Mr. Trump's tax plan also increases concerns about trade tensions with international partners, thereby causing money to flow into safe-haven assets, especially precious metals such as silver.
Source: https://congthuong.vn/gia-bac-hom-nay-3112025-bac-bat-tang-manh-371712.html
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