Silver price today 1/24/2025: Reversal of decline

Silver price today (January 24, 2025), domestic and world silver prices tend to decrease after the previous strong increase.

Silver price today at Phu Quy Jewelry Group, silver price decreased slightly, listed at 1,148,000 VND/tael (buy) and 1,184,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other transaction locations in Hanoi, silver price reversed to decrease, currently listed at 948,000 VND/tael (buy) and 982,000 VND/tael (sell). In Ho Chi Minh City, silver price also decreased, currently at 950,000 VND/tael (buy) and 887,000 VND/tael (sell). World silver price decreased slightly, currently at 765,000 VND/ounce (buy) and 770,000 VND/ounce (sell).

Silver price today 1/24/2025: Reversal of decline
Silver price today 1/24/2025: Reversal of decline

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on January 24, 2025:

Type UnitN Ha Noi Ho Chi Minh City
Buy Sell Buy Sell
Silver 99.9 1 tael 948.000 982.000 950.000 988.000
1 kg 25.290.000 26.188.000 25.342.000 26.339.000
Bạc 99.99 1 tael 956.000 990.000 958.000 992.000
1 kg 25.496.000 26.400.000 25.538.000 26.451.000

Update the latest silver price list at Phu Quy Gold and Gemstone Group on January 24, 2025:

Type Unit VND
Buy Sell
Silver bars, Phu Quy 999 silver bars 1 tael 1.148.000 1.184.000
Phu Quy 999 Silver Bar 1 kg 30.613.257 31.573.254

Latest update on world silver prices on January 24, 2025:

Unit World silver price today (VND)
Buy Sell
1 Ounce 765.000 770.000
1 tael 92.189 92.794
1 lượng 922.000 928.000
1 kg 24.584.000 24.745.000

The latest trading session ended with a relatively quiet performance in the metal market, especially the precious metal group. In the context of fundamental information tending to differentiate, the prices of precious metals recorded mixed fluctuations.

The world silver price decreased, showing that some investors are still looking for safe haven channels. This increase can be explained by the following factors: Although the geopolitical situation in the Middle East has shown signs of cooling down, investors still maintain a certain level of vigilance against unpredictable fluctuations in the international situation.

In addition, the new US President’s coming to power has created certain expectations about new economic policies, especially in the energy sector. This can affect inflation and the monetary policy of the Federal Reserve (FED), thereby affecting the prices of precious metals.