Lao Dong reporter's records on February 7 show that domestic silver prices simultaneously increased sharply, attracting many people to stores to buy. However, most stores have announced temporary sales suspension due to limited supply.
At a silver business store on Tran Nhan Tong street (Hanoi), Mr. Bui Van Tuyen (Hai Ba Trung ward, Hanoi) said that he switched to buying silver as a savings asset because gold is difficult to buy. However, silver is not easily accessible when the number of customers is large and the source of goods is limited.
According to Mr. Tuyen, depending on the time, the store applies different sales policies. There are times when the quantity is unlimited, but there are also times when each customer is only allowed to buy a few kg of silver or temporarily stop selling.
At this store, they didn't sell today, and promised to reopen the transaction next Monday, so I had to go home.
Employees also said that due to the large number of customers ordering silver, recently, the store has had to postpone returning goods for several months" - Mr. Tuyen said.
Also going to buy silver for many days, Ms. Do Kieu Trang (Dong Da ward, Hanoi) said that she often encounters the situation of stores announcing that they are out of silver, not selling or promising deferred payment.
Last week, I bought 5 taels of silver and had to wait until June to receive the goods. Although many people on social networks advertise silver for sale and can receive it immediately, I still don't dare to buy because I am worried about not ensuring quality. I still maintain the view of going to the store to transact.
Today I came back, the store didn't sell, so I went home, waited for another day to come and buy" - Ms. Trang shared.
Silver price update
As of 11:45 AM on February 7th, the price of silver bars 2024 Ancarat 999 (1 tael) at Ancarat Jewelry Company was listed at 2.921 - 2.993 million VND/tael (buying - selling); an increase of 182,000 VND/tael on the buying side and an increase of 187,000 VND/tael on the selling side compared to yesterday morning.
The price of silver ingots 2025 Ancarat 999 (1kg) at Ancarat Gem Company is listed at 76,974 - 79,314 million VND/kg (buying - selling); an increase of 4.838 million VND/kg on the buying side and an increase of 4.988 million VND/kg on the selling side compared to yesterday morning.
The price of Kim Phuc Loc 999 silver bars (1 tael) of Saigon Thuong Tin Commercial Joint Stock Company Limited (Sacombank-SBJ) is listed at 3.183 - 3.291 million VND/tael (buying - selling); an increase of 81,000 VND/tael in both buying and selling directions compared to yesterday morning.
At the same time, the price of 999 silver bars (1 tael) at Phu Quy Jewelry Group was listed at the threshold of 2.901 - 2.991 million VND/tael (buying - selling); an increase of 175,000 VND/tael on the buying side and an increase of 181,000 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 77.359 - 79.759 million VND/kg (buying - selling); an increase of 4.666 million VND/kg on the buying side and an increase of 4.826 million VND/kg on the selling side compared to yesterday morning.
On the world market, as of 11:45 AM on February 7 (Vietnam time), the world silver price was listed at 77.8 USD/ounce; an increase of 5.56 USD compared to yesterday morning.
See more news related to silver prices HERE...
