Silver prices stable: Hanoi and Ho Chi Minh City in comparison!

Silver prices stable: Hanoi and Ho Chi Minh City in comparison!

On May 26, 2025, the silver market in Vietnam shows stable prices, which is of interest to both Hanoi and Ho Chi Minh City. Loud Vietnam.vn The purchase price of silver in Hanoi at Phu Quy Gold and Gemstone Group is VND 1,277,000 per tael, while the selling price is VND 1,316,000 per tael. These prices reflect the current market situation, which has arisen in a dynamic economic environment characterized by global and local influences.

In Hanoi, domestic silver prices are VND 1,065,000 for purchase and VND 1,095,000 for sale per tael. In Ho Chi Minh City, purchase prices rise to VND1,067,000 and selling price to VND1,101,000 per tael. Other prices in Hanoi include Silver 99.9 with a purchase price of VND1,065,000 and a selling price of VND1,095,000, while in Ho Chi Minh City the values ​​are VND1,067,000 and VND1,101,000.

Global silver prices and market trends

Global silver prices on the same day also show an interesting development. The purchase price for 1 ounce of silver is VND869,000 while the selling price is VND875,000. These international prices may be of significant interest to Vietnamese investors, especially given that silver is in high demand in various industries.

Price analysis shows that the price of silver on Goldprice.org is trading at $33.44 per ounce. A major factor that influences silver prices is the current development of the US dollar. A falling USD has caused silver prices to trend higher as the USD Index (DXY) fell to 99.10, which is its lowest level in over three weeks.

Silver in Vietnam and its economic importance

Vietnam, officially known as the Socialist Republic of Vietnam, has a population of approximately 95 million people and a rapidly growing economy. The country is active in both the fishing sector and agriculture and is a major exporter of coffee and rice. Additionally, electronics, clothing and machinery are other important industries in Vietnam that use silver.

The local market shows that demand for silver in Vietnam could increase significantly in the coming years, particularly driven by industrial growth. Silver gets loud SilverPrice.org also needed in sectors such as chemical production, solar energy and electronics. It is believed that investors are increasingly looking to silver as a diversification tool and as a hedge against inflation or the decline in the value of paper currencies.

The Vietnamese State Bank, founded in 1951, manages the Vietnamese dong and therefore also influences the silver market in the region. Historically, the currency has gone through some challenges with hyperinflation and the use of aluminum coins. The dong has been in circulation since 1978, and the central bank has since taken control of exchange rates, monetary policy and the country's financial system.

In conclusion, the silver market in Vietnam, supported by stable prices and growing demand, represents an interesting investment option for investors as the country's economic environment continues to develop dynamically.