Recorded by a reporter from Lao Dong Newspaper on October 17, the domestic price of plain round gold rings and gold bars increased sharply. Meanwhile, silver prices also broke out.
At some silver shops in Hanoi, many people rushed to buy after unable to buy gold. However, they continue to face difficulties due to the sudden increase in the number of people looking to buy silver, causing many stores to be overloaded.

On Tran Nhan Tong street, Ms. Nguyen Hanh Nhi (Hoan Kiem ward, Hanoi) - a customer who wants to buy silver - shared: "I have a habit of taking a part of my monthly income to buy 1-2 taels of gold as savings, but recently it has been very difficult to buy gold. Seeing the increase in silver prices, I switched to buying silver, but silver is not easy to buy at all at the moment".
Ms. Nhi added that many people lined up from 6am to wait for silver shopping vouchers, but in a short time the shop announced that it was out of stock and temporarily stopped selling.
"Because I couldn't buy silver today, I'm preparing to go home" - Ms. Nhi said.

Similarly, Ms. Do Mai (Ba Dinh ward, Hanoi) wanted to buy silver but today she returned empty-handed. She shared that she arrived at 8:30 am but the store had announced that it was out of stock.
"The employee said that today the store only distributed about 200 quantities in order, each person was allowed to buy a maximum of 5kg of silver. When I asked when they would reopen for sale, they said they could not determine because the number of customers was already too large. Before, I used to buy gold to save money, now I'm turning to silver as a store of value and I didn't expect it to be so difficult to buy" - Ms. Mai said.

Updated silver price
As of 11:50 on October 17, the price of 2024 Ancarat 999 silver bars (1 tael) at Ancarat Metallurgy Company was listed at VND 2.080 - 2.122 million/tael (buy - sell).
The price of 999 999 Ancarat silver bars (1kg) at Ancarat Metallurgy Company is listed at 84.506 - 56.006 million VND/kg (buy - sell).
The price of 999 gold bars of Golden Rooster 999 (1 tael) of Saigon Thuong Tin Bank Gold and Gemstone Company Limited (Sacombank-SBJ) is listed at 2.097 - 2.148 million VND/tael (buy - sell).
At the same time, the price of 999 coins (1 tael) at Phu Quy Jewelry Group was listed at 2.077 - 2.141 million VND/tael (buy - sell).

The price of 999 taels (1kg) at Phu Quy Jewelry Group was listed at 55.386 - 57.093 million VND/kg (buy - sell).
On the world market, as of 11:45 a.m. on October 17 (Vietnam time), the world silver price was listed at 54.38 USD/ounce; up 0.9 USD compared to yesterday morning.

See more news related to silver prices HERE...