Silver Price in Mexican Pesos (MX$) Today
Live silver price converted to Mexican Pesos (MXN) using real-time exchange rates. Prices shown for .999 fine, .925 sterling, .900 coin, and .800 silver purities.
The current price of silver in Mexican Pesos is MX$1,270.35 per troy ounce for .999 fine silver. Sterling silver (.925) is worth MX$1,175.08 per ounce.
.999 Fine
MX$1,270.35
.925 Sterling
MX$1,175.08
.900 Coin
MX$1,143.32
.800 Silver
MX$1,016.28
Data source: TwelveData XAG/USD spot price × MXN/USD exchange rate. Last updated: 3/25/2026, 7:10:24 PM
Silver Price by Quantity (MXN)
| Quantity | .999 Fine | .925 Sterling | .900 Coin | .800 Silver |
|---|---|---|---|---|
| 1 Troy Ounce | MX$1,270.35 | MX$1,175.08 | MX$1,143.32 | MX$1,016.28 |
| 1 Gram | MX$40.84 | MX$37.78 | MX$36.76 | MX$32.67 |
| 10 Grams | MX$408.43 | MX$377.80 | MX$367.59 | MX$326.74 |
| 100 Grams | MX$4,084.28 | MX$3,777.96 | MX$3,675.85 | MX$3,267.42 |
| 1 Kilogram | MX$40,842.79 | MX$37,779.58 | MX$36,758.51 | MX$32,674.23 |
| 1 Tola (11.66g) | MX$476.23 | MX$440.51 | MX$428.60 | MX$380.98 |
| 5 Troy Ounces | MX$6,351.77 | MX$5,875.39 | MX$5,716.59 | MX$5,081.41 |
| 10 Troy Ounces | MX$12,703.54 | MX$11,750.77 | MX$11,433.18 | MX$10,162.83 |
Silver Prices in Mexican Pesos: What You Need to Know
Mexico is the world's largest silver producer, mining approximately 190 million ounces annually — about 24% of global supply. The Mexican Silver Libertad is one of the world's most beloved bullion coins. Silver prices in Mexican pesos reflect both the global XAG/USD rate and MXN/USD movements. Mexico's unique position as a major producer means domestic premiums are often lower than in importing countries.
Tax, VAT & Import Duties
Silver bullion purchases in Mexico are subject to 16% IVA (Impuesto al Valor Agregado / VAT). The Mexican Silver Libertad coin is minted by the Casa de Moneda de Mexico (the Mexican Mint) and carries legal tender status, though its face value is purely symbolic. Capital gains from precious metals are taxed as part of regular income (ISR) at progressive rates up to 35%.
How Silver Is Traded in Mexico
Mexico's silver market benefits from domestic production — major mining companies include First Majestic Silver, Fresnillo, and MAG Silver. The Casa de Moneda de Mexico produces the Silver Libertad in multiple sizes (1/20 oz to 1 kg). Banco Azteca and other banks offer silver products. The National Silver Museum in Taxco celebrates the country's silver heritage. Mexico City's Centro Historico has numerous precious metals dealers.
How Silver Price in MXN Is Calculated
The silver price in Mexican Pesos is calculated by multiplying the global XAG/USD spot price by the current MXN/USD exchange rate. Today's rate: 1 USD = 17.788 MXN.
Formula: Silver Price (MXN) = XAG/USD Spot Price × MXN/USD Rate
Example: $71.42 × 17.7880 = MX$1,270.35 per troy ounce
Frequently Asked Questions
How much is 1 ounce of silver in Mexican Pesos today?
One troy ounce of .999 fine silver is currently worth MX$1,270.35 (MXN). Sterling silver (.925 purity) is worth MX$1,175.08 per troy ounce. Prices are converted from the live XAG/USD spot rate using real-time exchange rates.
Why is Mexico the world's largest silver producer?
Mexico has been a silver mining powerhouse for over 500 years, dating back to the colonial-era mines of Zacatecas, Guanajuato, and Taxco. Today, major operations by First Majestic Silver, Fresnillo, and MAG Silver produce approximately 190 million ounces annually. The country's geological abundance of silver-bearing ore bodies, combined with established mining infrastructure, maintains its global leadership.
What is the Mexican Silver Libertad?
The Libertad is Mexico's official silver bullion coin, produced by the Casa de Moneda de Mexico (founded 1535, the oldest mint in the Americas). Available in sizes from 1/20 oz to 1 kg, all in .999 fine silver. The design features the Winged Victory statue and the Mexican coat of arms. Libertads typically carry higher premiums than Eagles or Maple Leafs due to lower mintage numbers.
Is silver cheaper to buy in Mexico than other countries?
Despite being the world's largest producer, Mexican silver prices include 16% IVA (VAT), which adds a substantial premium. However, base premiums before tax can be lower than importing countries due to domestic supply. Taxco remains a destination for silver jewelry at competitive prices. For bullion, dealer premiums are generally in line with international markets.
What is the significance of Taxco in Mexican silver?
Taxco, in Guerrero state, is known as the "Silver Capital of the World." While commercial mining has diminished, Taxco remains the center of Mexican silver craftsmanship, with thousands of silver workshops producing jewelry and decorative objects. The town hosts an annual Silver Fair and is home to the National Silver Museum.