Price of silver today: per gram and per ounce, in pounds
The spot price of silver is the price of a troy ounce of pure silver, and this calculator reads it in pounds from gold-api.com, shows when it was set, and turns it into a price per gram, per ounce and per kilo at any of the four standards UK hallmarking law allows for silver: 999, 958.4 (Britannia), 925 (sterling) and 800. Choose the standard, type a weight in grams, ounces or kilos, and you get the metal value. Silver is far cheaper than gold by weight, so heavy items such as trays, candlesticks and cutlery sets can still be worth real money, while a buyer’s fixed costs take a larger share of a small lot. Silver bought from a dealer carries VAT, unlike investment gold. Gold by Carat is an independent site, not a silver buyer or a dealer, and shows no buying prices.
Example: 100 g of 999 silver
£128.73
Value of the silver itself at today’s price, before a buyer takes its cut
| 1 g at 999 | £1.29 |
| 1 troy oz at 999 | £40.04 |
| 1 kg at 999 | £1,287 |
| Fine silver, per gram | £1.29 |
Figures and rules checked by the site’s publisher, Radif Partners · How the values are worked out · Editorial policy
Silver price per gram and per ounce, by standard
| Standard | Per gram | Per troy oz | Per kg |
|---|---|---|---|
| 800 | £1.03 | £32.06 | £1,031 |
| 925 sterling | £1.19 | £37.07 | £1,192 |
| 958.4 Britannia | £1.23 | £38.41 | £1,235 |
| 999 | £1.29 | £40.04 | £1,287 |
More detail below: tap a heading to open it.
The four silver standards
UK hallmarking law sets four standards of fineness for silver: 800, 925, 958.4 and 999. Sterling, 925, is by far the most common on British silver. Britannia silver, 958.4, is a richer standard used on some antique and modern pieces and is not the same as the Britannia coin. 999 is used for bullion and some modern jewellery. 800 is the lowest of the four.
Weight is everything
At silver prices, the difference between a guessed and a measured weight is worth more attention than the difference between buyers. Weigh in grams. Remove anything that is not silver: the steel blades of table knives, the weighted bases of candlesticks (often filled with pitch or plaster), wooden handles, glass liners. A buyer will either remove them or estimate them, and you want to know which.
Silver plate (EPNS) is a thin coat of silver over a base metal. It has almost no metal value and is not covered by this calculator.
Buying and selling silver
The investment gold VAT exemption in HMRC’s VAT guidance does not extend to silver, so silver from a UK dealer is sold with VAT at 20%. When you sell, no VAT is due on a private sale, but the buyer pays you below spot. The silver Britannia page covers the coin, and the sterling silver page covers cutlery and hallmarked pieces.
What the number stamped on a piece means
Example: a 375 mark means 37.5% pure gold
£373.58
This is 9ct gold. The value above is for 10 g at today’s price.
| Pure metal in the piece | 3.750 g |
| Value of 1 g of the piece | £37.36 |
| Must a piece this heavy carry a hallmark? | Yes, when a business sells it as gold: 1 g or more |
Old, foreign or handmade pieces often have no British hallmark: that does not make them fake, and you may still sell them. A buyer will test the metal.