🇮🇸 Iceland
Live silver rates in ISK, converted from the spot price in real time.
Silver per gram
kr219.88
ISK · spot · updates every minute
Silver / Gram
kr219.88
Silver / Tola
kr2,564.66
Silver / Troy Ounce
kr6,839.10
Silver / Kilogram
kr219,882.12
The silver market in Iceland tracks the London Bullion Market Association (LBMA) spot benchmark. Retail rates are converted from USD into ISK using the daily interbank exchange rate, then adjusted for local premiums, dealer margins and demand.
Import duty and value-added tax in Iceland vary by silver form. Investment-grade bullion (silver of 99.9% purity or higher) is often exempt from VAT in many jurisdictions, while jewellery attracts standard VAT plus a making charge.
The two dominant purities are .999 (fine silver) for bars and coins, and .925 (sterling) for jewellery and cutlery. Both should carry a stamp visible with a loupe.
Licensed bullion dealers, national mints, major bank branches and government-authorised jewellery associations are the safest routes in Iceland. Online marketplaces and unlisted shops carry higher counterfeit risk and wider spreads.
Compare the shop's quoted per-gram rate against the live LBMA spot converted at the day's ISK rate. A premium over spot of 3–7% for coins and 1–4% for bars is normal — anything higher is usually the making charge.