🇬🇧Silver Rate in Colchester Today
The silver rate in Colchester today is £1.41 per gram for 21K, based on an international spot price of $68.20 per troy ounce. This is the international spot price converted into GBP for Colchester. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of United Kingdom's larger markets, with a population of around 130,245.
Silver rate in Colchester — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | £1.61 | £1.47 | £1.41 | £1.21 | £0.9381 |
| 1 Troy Ounce (31.1035 g) | £50.02 | £45.85 | £43.77 | £37.51 | £29.18 |
| 1 Kilogram (1,000 g) | £1,608 | £1,474 | £1,407 | £1,206 | £938.09 |
All figures in GBP (Pound). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Silver rate in Colchester — questions
What is the silver rate in Colchester today?
The silver rate in Colchester today is £1.41 per gram for 21K, and £1.61 per gram for 24K. These are live figures converted from international spot at the current GBP exchange rate.
What is the price of 1 gram of gold in Colchester?
One gram of 24K silver costs £1.61 in Colchester, and 22K costs £1.47 per gram. 18K works out at £1.21.
Why is 22K cheaper than 24K in Colchester?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is £0.1340 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Colchester different from other cities?
The underlying metal price is identical everywhere in United Kingdom — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.