Silver Price in South African Rand (R) Today
Live silver price converted to South African Rand (ZAR) using real-time exchange rates. Prices shown for .999 fine, .925 sterling, .900 coin, and .800 silver purities.
The current price of silver in South African Rand is R1 243,63 per troy ounce for .999 fine silver. Sterling silver (.925) is worth R1 150,35 per ounce.
.999 Fine
R1 243,63
.925 Sterling
R1 150,35
.900 Coin
R1 119,26
.800 Silver
R994,90
Data source: TwelveData XAG/USD spot price × ZAR/USD exchange rate. Last updated: 5/24/2026, 7:59:02 AM
Silver Price by Quantity (ZAR)
| Quantity | .999 Fine | .925 Sterling | .900 Coin | .800 Silver |
|---|---|---|---|---|
| 1 Troy Ounce | R1 243,63 | R1 150,35 | R1 119,26 | R994,90 |
| 1 Gram | R39,98 | R36,98 | R35,99 | R31,99 |
| 10 Grams | R399,83 | R369,85 | R359,85 | R319,87 |
| 100 Grams | R3 998,35 | R3 698,47 | R3 598,51 | R3 198,68 |
| 1 Kilogram | R39 983,47 | R36 984,71 | R35 985,13 | R31 986,78 |
| 1 Tola (11.66g) | R466,21 | R431,24 | R419,59 | R372,97 |
| 5 Troy Ounces | R6 218,13 | R5 751,77 | R5 596,32 | R4 974,50 |
| 10 Troy Ounces | R12 436,26 | R11 503,54 | R11 192,63 | R9 949,01 |
Silver Prices in South African Rand: What You Need to Know
South Africa is one of the world's historically significant silver producers, though its output has declined. Silver prices in South African rand have delivered spectacular returns due to the rand's long-term depreciation against the US dollar. The South African Mint (a subsidiary of the South African Reserve Bank) produces the Silver Krugerrand, one of the world's most recognized bullion coins.
Tax, VAT & Import Duties
Silver purchases in South Africa are subject to 15% VAT. Unlike gold Krugerrands (which are VAT-exempt as legal tender), silver Krugerrands and other silver products carry the full VAT rate. Capital gains tax applies at an effective rate of up to 18% for individuals (40% inclusion rate at the marginal income tax rate). The first R40,000 of annual capital gains is exempt.
How Silver Is Traded in South Africa
The South African Mint produces the Silver Krugerrand (1 oz, .999 fine), launched in 2017 as a companion to the iconic gold coin. Major dealers include Scoin Shop, SA Gold Coin Exchange, and Bidvest. The Rand Refinery processes precious metals but focuses primarily on gold. The JSE does not offer silver futures, so physical bullion and international ETFs are the main investment channels.
How Silver Price in ZAR Is Calculated
The silver price in South African Rand is calculated by multiplying the global XAG/USD spot price by the current ZAR/USD exchange rate. Today's rate: 1 USD = 16,4694 ZAR.
Formula: Silver Price (ZAR) = XAG/USD Spot Price × ZAR/USD Rate
Example: $75.51 × 16.4694 = R1 243,63 per troy ounce
Frequently Asked Questions
How much is 1 ounce of silver in South African Rand today?
One troy ounce of .999 fine silver is currently worth R1 243,63 (ZAR). Sterling silver (.925 purity) is worth R1 150,35 per troy ounce. Prices are converted from the live XAG/USD spot rate using real-time exchange rates.
Is the Silver Krugerrand a good investment?
The Silver Krugerrand (1 oz, .999 fine) is South Africa's flagship silver bullion coin, recognized worldwide. It carries legal tender status but is subject to 15% VAT (unlike gold Krugerrands which are VAT-exempt). The coin typically commands moderate premiums over spot and is highly liquid in international markets.
Why has silver performed so well in South African rand?
The rand has been one of the weaker major currencies over the past two decades, losing significant value against the USD. Silver priced in ZAR benefits from both the underlying silver price movement and this currency depreciation. The combined effect has made rand-denominated silver one of the best-performing asset classes for South African investors.
Is silver subject to VAT in South Africa?
Yes. Silver attracts 15% VAT in South Africa. Gold Krugerrands are VAT-exempt (as legal tender), but silver Krugerrands are not — they carry the standard 15% rate. This VAT premium is a significant consideration and means silver must appreciate at least 15% just to break even.
How is silver taxed when I sell in South Africa?
Profits from selling silver are subject to Capital Gains Tax (CGT). For individuals, 40% of the gain is included in taxable income and taxed at your marginal rate (maximum effective CGT rate of about 18%). The first R40,000 of annual capital gains is exempt. Keep purchase records for SARS reporting.