🇮🇸Silver Rate in Reykjavík Today
The silver rate in Reykjavík today is ISK 265,580 per kilogram for 24K, based on an international spot price of $68.20 per troy ounce. That is down ISK 1,386 from the previous close. This is the international spot price converted into ISK for Reykjavík. 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 Iceland's larger markets, with a population of around 118,918.
Silver rate in Reykjavík — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ISK 265.58 | ISK 243.45 | ISK 232.38 | ISK 199.19 | ISK 154.92 |
| 1 Troy Ounce (31.1035 g) | ISK 8,260 | ISK 7,572 | ISK 7,228 | ISK 6,195 | ISK 4,819 |
| 1 Kilogram (1,000 g) | ISK 265,580 | ISK 243,449 | ISK 232,383 | ISK 199,185 | ISK 154,922 |
All figures in ISK (Krona). 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 Reykjavík — questions
What is the silver rate in Reykjavík today?
The silver rate in Reykjavík today is ISK 265,580 per kilogram for 24K, and ISK 265,580 per kilogram for 24K. These are live figures converted from international spot at the current ISK exchange rate.
What is the price of 1 gram of gold in Reykjavík?
One gram of 24K silver costs ISK 265.58 in Reykjavík, and 22K costs ISK 243.45 per gram. 18K works out at ISK 199.19.
Why is 22K cheaper than 24K in Reykjavík?
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 ISK 22.13 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Reykjavík different from other cities?
The underlying metal price is identical everywhere in Iceland — 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.