Overview of silver price today 1/3/2025
Today's silver price at Phu Quy Jewelry Group recorded a slight increase, listed in Hanoi at VND 1,092,000/tael (buy) and VND 1,126,000/tael (sell). In addition, according to survey data at other trading locations in the region, silver prices have shifted upward, currently fluctuating at VND 920,000/tael (buy) and VND 962,000/tael (sell). In Ho Chi Minh City, the market also witnessed an increase, with silver prices listed at VND 922,000/tael (buy) and VND 963,000/tael (sell). In the international market, silver prices increased slightly, currently reaching VND 747,000/ounce (buy) and VND 752,000/ounce (sell).
Update on silver prices on January 3 in two major markets Hanoi and Ho Chi Minh City
| Silver type | Unit | Hanoi | Ho Chi Minh City | ||
| Buy | Sell | Buy | Sell | ||
| Silver 99.9 | 1 amount | 920,000 | 962,000 | 922,000 | 963,000 |
| 1 kg | 24,544,000 | 25,642,000 | 24,596,000 | 25,693,000 | |
| Silver 99.99 | 1 amount | 928,000 | 970,000 | 930,000 | 971,000 |
| 1 kg | 24,750,000 | 25,854,000 | 24,792,000 | 25,905,000 | |
Update silver price list 3/1 of Phu Quy Gold Investment Joint Stock Company
| Silver type | Unit/VND | Hanoi | |
| Buy | Sell | ||
| Silver bars, Phu Quy 999 silver bars | 1 amount | 1,092,000 | 1,126,000 |
| Phu Quy 999 Silver Bar | 1 kg | 29,119,927 | 30,026,592 |
Update world silver price list on January 3, 2025
| Unit | World silver price today (VND) | |
| Buy | Sell | |
| 1 Ounce | 747,000 | 752,000 |
| 1 only | 90,040 | 90,654 |
| 1 amount | 900,000 | 907,000 |
| 1 kg | 24,011,000 | 24,174,000 |
Domestic and international silver prices recorded a slight increase amid quiet trading due to the impact of the 2025 New Year holiday.
Additionally, the Federal Reserve's (FED) monetary policy forecast has helped limit silver's gains, as expectations show the FED will make fewer rate cuts than expected this year.
Although still facing many unstable factors, experts say silver prices could increase sharply in the future thanks to industrial demand and scarce supply.
In recent years, the industrial sector has played a major role in driving silver demand. According to the Silver Institute's November forecast, total silver demand for industrial production could reach 702 million ounces in 2024, up 7% from 655 million ounces in 2023. This increase is mainly due to demand in the renewable energy sector, especially solar power.
Silver mine production, however, is expected to remain largely unchanged, rising only slightly by 1% to 837 million ounces in 2024. Recycled supply is expected to bring total silver to 1.03 billion ounces, but that is still a long way from total demand, estimated at 1.21 billion ounces.
Source: https://baodaknong.vn/gia-bac-hom-nay-3-1-2025-gia-bac-trong-nuoc-va-quoc-te-cung-tang-238767.html
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