๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa

Silver Price in South Africa Today (ZAR)

Live silver rates in ZAR, converted from the spot price in real time.

Silver per gram

R34.52

ZAR ยท spot ยท updates every minute

Silver / Gram

R34.52

Silver / Tola

R402.65

Silver / Troy Ounce

R1,073.73

Silver / Kilogram

R34,521.11

Other countries

Popular silver weights in South Africa

Silver coin melt values in South Africa

About silver in South Africa

Silver market in South Africa

The silver market in South Africa tracks the London Bullion Market Association (LBMA) spot benchmark. Retail rates are converted from USD into ZAR using the daily interbank exchange rate, then adjusted for local premiums, dealer margins and demand.

Taxes and import duties

Import duty and value-added tax in South Africa 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.

Popular purities

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.

Where to buy silver in South Africa

Licensed bullion dealers, national mints, major bank branches and government-authorised jewellery associations are the safest routes in South Africa. Online marketplaces and unlisted shops carry higher counterfeit risk and wider spreads.

Buying tip

Compare the shop's quoted per-gram rate against the live LBMA spot converted at the day's ZAR rate. A premium over spot of 3โ€“7% for coins and 1โ€“4% for bars is normal โ€” anything higher is usually the making charge.