Domestic silver prices
As of 9:15 am, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Gem Company is listed at the threshold of 2.215 - 2.281 million VND/tael (buying - selling); an increase of 4,000 VND/tael in both buying and selling directions compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 58.516 - 60.326 million VND/kg (buying - selling); an increase of 106,000 VND/kg in both buying and selling directions compared to yesterday morning.
At the same time, the price of 999 silver (1 tael) of DOJI Jewelry Group Joint Stock Company was listed at the threshold of 2.307 - 2.382 million VND/tael (buying - selling); an increase of 8,000 VND/tael in both buying and selling directions compared to yesterday morning.
The price of 999 silver bars (1 tael) at Phu Quy Jewelry Group is listed at the threshold of 2.251 - 2.321 million VND/tael (buying - selling); an increase of 10,000 VND/tael on the buying side and 11,000 VND/tael on the selling side compared to yesterday morning.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 60.026 - 61.893 million VND/kg (buying - selling); an increase of 267,000 VND/kg on the buying side and 294,000 VND/kg on the selling side compared to yesterday morning.
World silver price
On the world market, as of 9:00 AM on September 23 (Vietnam time), the world silver price was listed at 66.44 USD/ounce, up 0.44 USD/ounce compared to yesterday morning.
Causes and forecasts
World silver prices rose in the latest trading session, amid a slight decline in the USD and the market continuing to monitor the monetary policy outlook of the US.
This development shows that precious metals are still being interspersedly affected by the USD, interest rates and global energy situation.
The declining USD often creates conditions to support silver prices, because this metal becomes more attractive to investors holding other currencies.
However, the US interest rate outlook is still an important factor for silver prices. High interest rates often reduce the attractiveness of non-performing assets like silver, while expectations of interest rate reductions may create more momentum for the precious metal.
In addition, oil price movements and the situation in the Middle East are also of interest to the market. If energy supplies improve and oil prices cool down, inflationary pressure may decrease, thereby affecting US monetary policy expectations.
In the coming time, silver prices may continue to fluctuate according to US economic data, USD developments and interest rate expectations. Investors need to closely monitor these factors when assessing the trend of precious metals.
The information in the article only reflects market developments, not investment recommendations. Investors need to carefully consider risk factors before making a decision.
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