Silver Price Today in the UK
Live silver rate in GBP — per troy ounce, per gram and per kilogram, converted from the international XAG/USD spot price every 60 seconds.
Silver Price Today in United Kingdom — All Units (GBP)
Pure .999 fine silver value converted from the live XAG/USD spot ($52.07/oz) at the live GBP exchange rate:
Today, November 7, 2026, the silver price in United Kingdom is £1,252 per kilogram, £1.25 per gram, £12.52 per 10 grams and £14.60 per tola, from a silver spot of $52.07 per troy ounce. Last updated 11:29 AM UTC.
| Quantity | Silver Value (GBP) |
|---|---|
| 1 gram | £1.25 |
| 10 grams | £12.52 |
| 1 tola (11.664 g) | £14.60 |
| 100 grams | £125 |
| 200 grams | £250 |
| 250 grams | £313 |
| 500 grams | £626 |
| 1 kilogram | £1,252 |
International parity values — local dealer prices add premiums, taxes and making charges. Indicative only, not a dealing quote.
Silver Markets in the UK
The UK silver price is set in London: the LBMA Silver Price is fixed daily at noon in US dollars and the sterling figure follows from the GBP/USD rate. Dealers quote per troy ounce for bullion and per gram for scrap and jewellery, and hallmarked sterling silver is stamped 925 by the London, Birmingham, Sheffield or Edinburgh assay offices.
Unlike investment gold, silver bullion is not VAT-exempt in the UK: 20% VAT applies to bars and coins bought from a dealer, which is why many British investors hold silver through VAT-free vaulted accounts or buy pre-owned coins privately. Scrap silver and sterling cutlery are bought by refiners at a discount to the spot rate shown here.
The same spot price drives every market: the live silver rates page converts it into 100+ currencies, the silver price history page tracks it across decades, and the gold-silver ratio compares it against gold live. Gold buyer instead? See the gold rate in United Kingdom.
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How the Silver Rate in United Kingdom Is Calculated
silver_per_gram (GBP) = XAG/USD ÷ 31.1035 × USD-GBP rateRight now: $52.07/oz ÷ 31.1035 × the live exchange rate = £1.25 per gram — £14.60 per tola and £1,252 per kilogram. The gold-to-silver ratio stands at 78.2:1.
There is no separate national silver price — only the world spot converted at the live exchange rate, plus whatever local premiums and taxes apply at the counter. That is why this page updates every 60 seconds, in step with the international market.
Frequently Asked Questions
What is the silver price today in the UK?
The live silver price in the UK today is £38.93 per troy ounce, £1.25 per gram and £1,252 per kilogram, from an international spot of $52.07 per ounce converted at the live sterling rate. Updated every 60 seconds.
Is there VAT on silver in the UK?
Yes. Silver bullion bars and coins carry 20% VAT when bought from a UK dealer, unlike investment gold, which is VAT-exempt. Vaulted silver held in bonded storage and private second-hand purchases avoid it.
What is scrap silver worth per gram in the UK?
Pure silver is £1.25 per gram today; sterling silver (92.5%) is worth about £1.16 per gram at spot, and refiners typically pay 70% to 90% of that depending on quantity.
Where can I see the silver price history?
Goldify's silver price history page tracks yearly average, high and low prices across five decades, including the 1980 and 2011 peaks near $49 per ounce.
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