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Silver Weakens from Near 4-Month High

Báo Công thươngBáo Công thương27/09/2024


Today's silver price is listed at 922,000 VND/tael for buying and 963,000 VND/tael for selling in Hanoi. The silver price in Ho Chi Minh City is listed higher at 923,000 VND/tael for buying and 968,000 VND/tael for selling. The world silver price is at 793,000 VND/ounce for buying and 797,000 VND/ounce for selling.

Specifically, the latest information on silver prices today in the two largest markets of Hanoi and Ho Chi Minh City on September 27, 2024:

Silver type

Unit

Hanoi

Ho Chi Minh City

Buy

Sell

Buy

Sell

Silver 99.9

1 amount

922,000

963,000

923,000

968,000

1 kg 24,581,000 25,679,000 24,619,000 25,825,000
Silver 99.99 1 amount 925,000 963,000 927,000 972,000
1 kg 24,677,000 25,691,000 24,729,000 25,928,000

Latest update on world silver prices on September 27, 2024

Unit

World silver price today (VND)

Buy

Sell

1 Ounce

793,000

797,000

1 only 95,665 96,110
1 amount 957,000 961,000
1 kg 25,511,000 25,629,000

At the end of the trading session, 5/10 metal items decreased in price, red gradually returned to the metal price chart after the previous session's uptrend, mainly due to profit-taking activities of investors at high prices. For precious metals, silver prices weakened from a nearly 4-month peak, closing at 32.01 USD/ounce after falling 1.27%. On the other hand, platinum prices continued to increase with an increase of 0.4% to 991.7 USD/ounce.

The precious metals market continues to benefit from the US Federal Reserve’s (FED) large-scale interest rate cut. Experts predict that the prices of silver, platinum and gold will continue to maintain an upward trend in the coming time thanks to the support of a low interest rate environment.

Rising geopolitical tensions are also supporting precious metals prices. Markets are concerned about the possibility of widespread violence in the Middle East as Israel steps up its attacks on the Iran-backed Lebanese Hezbollah militia, with the two sides exchanging rocket fire even as Israel continues its war in Gaza.

However, silver prices still fell yesterday mainly due to profit-taking activities of investors.



Source: https://congthuong.vn/gia-bac-hom-nay-2792024-bac-suy-yeu-tu-muc-dinh-gan-4-thang-348617.html

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