Silver Prices in Vietnam Continue to Fluctuate, Buyers Grow Cautious
Silver prices have been fluctuating continuously in Vietnam, causing buyers to become more cautious and accumulate their purchases. According to Ms. Nguyen Bao Chau, a silver buyer from Hanoi, she divides her money into installments to avoid buying large amounts at once. She monitors the market regularly and becomes more cautious when considering the difference between buying and selling prices.
Ms. Chau initially bought silver with the intention of saving for a long time but has become more careful due to recent price fluctuations. She plans to transfer her planned silver purchases to another asset if she finds it suitable, citing her desire to monitor prices further and consider other assets that align with her financial capacity.
Another buyer, Mr. Nguyen The Huy, also from Hanoi, bought a total of 15 taels of silver since the beginning of the year. He divided his purchases into multiple installments, taking advantage of different price levels. After recent fluctuations, he plans to wait and monitor the market before buying more.
The current prices for silver in Vietnam are as follows: Phu Quy Jewelry Group lists 999 silver bars at 2,207 - 2,275 million VND/tael (buying - selling) and 1kg of 999 silver ingots at 58.853 - 60.666 million VND/kg. DOJI Jewelry Group Joint Stock Company lists 999 silver at 2.259 - 2.359 million VND/tael.
The world market price for silver is listed at 63.86 USD/ounce, up 0.36 USD/ounce compared to yesterday morning.