Gold price on March 11 decreased due to profit-taking activities contrary to safe-haven demand
11-03-2025
In the precious metals market, at the end of the first trading session of the week, silver prices continued to rise to 32.86 USD/ounce, equivalent to an increase of 1.27%.
In the past week, a series of economic data and many changes in US tariff policies have attracted money flows into the precious metals market.
Notably, on February 12, the US Bureau of Labor Statistics also released the Consumer Price Index (CPI) report for January. This report revealed that US inflation increased by 0.5%, surpassing the 0.4% increase in December and the market’s forecast of 0.3%. Concerns continued to increase after US President Donald Trump’s announcement of imposing reciprocal tariffs on countries that tax imports from the US. In addition, the US also released the PPI index for January, showing that producer prices increased by 0.4% this month.
Hot economic data from the US has caused fluctuations in expectations for the US Federal Reserve’s interest rate policy. This reflects the strong demand for safe havens, especially from central banks around the world, amid concerns that new US trade tariffs could slow global economic growth. These factors have kept precious metals prices firmly in the high range over the past week.
Latest update on world silver prices on February 18, 2025:
| Unit | World silver prices (VNĐ) | |
| Buy | Sell | |
| 1 Ounce | 826.000 | 831.000 |
| 1 tael | 99.546 | 100.160 |
| 1 lượng | 995.000 | 1.002.000 |
| 1 kg | 26.546.000 | 26.709.000 |
Silver price today at Phu Quy Jewelry Group, silver price decreased slightly, listed at 1,214,000 VND/tael (buy) and 1,252,000 VND/tael (sell) in Hanoi. In addition, according to a survey at other trading locations in Hanoi, domestic silver price increased after a stable session at the end of the week, currently listed at 1,003,000 VND/tael (buy) and 1,037,000 VND/tael (sell). In Ho Chi Minh City, silver price also increased, currently at 1,005,000 VND/tael (buy) and 1,043,000 VND/tael (sell). World silver price increased slightly, currently at 826,000 VND/ounce (buy) and 831,000 VND/ounce (sell).
Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on February 18, 2025:
| Silver type | Unit | Ha Noi | Ho Chi Minh City | ||
| Mua vào | Bán ra | Mua vào | Bán ra | ||
| Bạc 99.9 | 1 lượng | 1.003.000 | 1.037.000 | 1.005.000 | 1.043.000 |
| 1 kg | 26.757.000 | 27.655.000 | 26.809.000 | 27.806.000 | |
| Bạc 99.99 | 1 lượng | 1.011.000 | 1.045.000 | 1.013.000 | 1.047.000 |
| 1 kg | 26.963.000 | 27.867.000 | 27.005.000 | 27.918.00 | |
Update the latest silver price list at Phu Quy Gold and Gemstone Group on February 18, 2025:
| Silver type | Unit | VND | |
| Buy | Sell | ||
| Bạc miếng, Bạc thỏi Phú Quý 999 | 1 lượng | 1.214.000 | 1.252.000 |
| Bạc thỏi Phú Quý 999 | 1 kg | 32.373.252 | 33.386.583 |
