Domestic silver prices
As of 9:30 am on September 6, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Gem Company was listed at the threshold of 2.233 - 2.300 million VND/tael (buying - selling); down 30,000 VND/tael on the buying side and down 21,000 VND/tael on the selling side compared to a month ago.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 59.004 - 60.834 million VND/kg (buying - selling); down 550,000 VND/kg on the buying side and down 560,000 VND/kg on the selling side compared to a month ago.
The price of 999 silver (1 tael) of DOJI Gold and Gems Group Joint Stock Company is listed at the threshold of 2,287 - 2,387 million VND/tael (buying - selling).
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.242 - 2.311 million VND/tael (buying - selling); down 42,000 VND/tael on the buying side and down 44,000 VND/tael on the selling side compared to a month ago.
The price of 999 silver ingots (1kg) at Phu Quy Jewelry Group is listed at 59.786 - 61.626 million VND/kg (buying - selling); down 1.120 million VND/kg on the buying side and down 1.173 million VND/kg on the selling side compared to a month ago.
World silver price
On the world market, as of 9:30 am on September 6 (Vietnam time), the world silver price was listed at 66.09 USD/ounce.
Causes and forecasts
World gold and silver prices simultaneously fell after the August jobs report in the US was more positive than expected. This data pushed bond yields up, the USD strengthened and changed expectations about the interest rate policy of the US Federal Reserve (Fed).
The precious metals market is under pressure after the US released August jobs data. Accordingly, the non-farm sector created 162,000 jobs, significantly higher than forecast.
Adjusted data for June and July also showed that the economy added 55,000 jobs. The unemployment rate remained at 4.1%.
After the report, the yield on US Treasury bonds with a 2-year term increased to about 4.37-4.38%, the highest level since January 2025. The yield on 10-year terms also rose to about 4.77-4.78%.
These developments have caused the market to increase expectations that the Fed may adjust interest rates in the meeting on September 15-16. The probability predicted by the market for the possibility of the Fed raising interest rates has increased to about 60-65%, from nearly 50% before the jobs report was released.
The market is currently focusing its attention on US inflation data for next week, in which the consumer price index (CPI) is expected to be released on September 11. These will be important data to further assess the direction of US monetary policy.
The diễn biến of gold and silver in the coming time will depend significantly on US inflation data. If CPI and PPI continue to show high price pressure, expectations that the Fed maintains high interest rate policies may put pressure on precious metals. Conversely, weaker inflation data may strengthen expectations that the Fed will ease policy.
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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