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Gold $4,641.30 ▲0.80% Silver $68.20 ▼1.32% Platinum $1,854.00 ▼1.75% Palladium $1,347.00 ▼1.75% per troy ounce · live spot
Live · updated 1 month ago

🇮🇸Silver Rate in Iceland Today

The silver rate in Iceland today is ISK 8,260 per troy ounce for 24K, based on an international spot price of $68.20 per troy ounce. That is down ISK 43.12 from the previous close.

24K Silver · per troy ounce
ISK 8,260
ISK per troy ounce · 31.1035 g
▼ ISK 43.12 (0.52%) vs previous close (COMEX futures)
Spot $68.20/oz · 1 USD = 121.13 ISK
Last 12 months · 24K per troy ounce
▲ 36.74%
Oct 2025 Aug 2026
COMEX futures closes Low ISK 5,640 High ISK 13,940 217 sessions

Silver rate in Iceland — all karats and weights

Weight 24K22K21K18K14K
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 Iceland — questions

What is the silver rate in Iceland today?

The silver rate in Iceland today is ISK 8,260 per troy ounce for 24K, and ISK 8,260 per troy ounce 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 Iceland?

One gram of 24K silver costs ISK 265.58 in Iceland, and 22K costs ISK 243.45 per gram. 18K works out at ISK 199.19.

Why is 22K cheaper than 24K in Iceland?

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.

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.

How this price is worked out. Gold trades in one global market, quoted in US dollars per troy ounce. The Iceland price above is that spot price converted into ISK at the current exchange rate, then scaled to the weight and purity shown — no estimate is involved at any step. What it does not include is the jeweller's making charge, wastage, or local taxes, which vary shop to shop. Use it as the metal value, not as a shop quote. Historical rows are converted at today's exchange rate, so they show how the metal moved rather than how the ISK moved.