Silver Price Per Gram UK — Live Rates for All Purities

How Much Is 1 Gram of Silver Worth?

One gram of fine (999) silver is currently worth £1.47 in the UK. This is derived from the international spot price of £45.64 per troy ounce, divided by 31.1035 grams.

For the most common purity — sterling silver (925) — one gram is worth £1.36 because sterling contains 92.5% silver and 7.5% copper alloy.

What Is the Difference Between 925 and 999 Silver?

The number refers to the parts per thousand of pure silver in the alloy:

• 999 Fine Silver (99.9% pure) — Used exclusively for investment bullion bars and coins. Too soft for jewellery, but maximises silver content per gram.
• 958 Britannia Silver (95.8% pure) — A historic UK standard used for Britannia coins and some premium silverware.
• 925 Sterling Silver (92.5% pure) — The worldwide jewellery standard. The 7.5% copper alloy adds durability while maintaining the silver appearance. All UK hallmarked silver jewellery is sterling.
• 800 Silver (80% pure) — Common in Continental European items, particularly older German, Italian, and French pieces. Less valuable per gram but still has significant silver content.

At today's prices, the difference between 999 and 925 silver is £0.11 per gram — a 7% difference.

How Is the Silver Price Per Gram Calculated?

The global silver price is set in US dollars per troy ounce by the LBMA Silver Price, fixed once daily at midday London time. To convert to GBP per gram:

1. Take the LBMA fix price in USD per troy ounce.
2. Convert to GBP using the current USD/GBP exchange rate.
3. Divide by 31.1035 to get the price per gram.

Weight Conversion: Grams to Troy Ounces

How Much Is 925 Silver Worth Per Gram UK?

Sterling silver (925) is worth £1.36 per gram today. Here are common sterling silver item values at current market prices:

These are spot values — dealers typically offer 70–90% of spot depending on the item type. Use our silver calculator for instant dealer estimates.

How Do Silver Prices Per Gram Vary Across UK Dealers?

Silver prices per gram vary significantly across UK dealers because each applies a different premium above the LBMA spot price. Dealer premiums on silver range from 5% to 25% depending on the product type, order size, and whether the dealer operates online or from a physical shop. Online dealers such as BullionByPost typically offers lower premiums than high-street jewellers or pawnbrokers. Atkinsons Bullion also publishes live silver product prices; compare the total cost for the same product and quantity.

When selling silver per gram, dealers typically pay 70-90% of the spot price. The highest payouts come from specialist bullion dealers, while pawnbrokers and cash-for-gold shops tend to offer lower rates. Always get at least three quotes and compare against the live silver spot price before accepting an offer.

Selling Scrap Silver Per Gram in the UK

Scrap silver in the UK is valued by weight and purity, with dealers paying 70-85% of the spot price per gram. Sterling silver scrap (925) currently fetches around £1.06 per gram from most dealers (approximately 78% of the £1.36 spot value). Items in better condition or with hallmarks may command higher offers.

To get the best price for scrap silver per gram in the UK:

• Know your silver's purity — look for hallmarks (925, 958, or 999) or use our silver hallmarks guide to identify the standard
• Weigh your silver — kitchen scales accurate to 1 gram are sufficient for an estimate
• Get multiple quotes — use our dealer directory to find verified buyers near you
• Calculate before you visit — use our silver calculator to know the approximate value before negotiating

What Is a Good Price to Pay for Investment Silver Per Gram?

A good price for investment silver per gram in the UK is the spot price plus a total premium of 25-35% (including 20% VAT and a reasonable 5-15% dealer margin). Premiums below 30% on silver bars and below 40% on coins represent competitive pricing. The lowest premiums are typically found on larger bars (1 kg or 100 oz) purchased from online bullion dealers.

UK investors looking to minimise the per-gram cost of silver should consider:

• Silver bars over coins — bars carry lower premiums per gram than coins
• Larger sizes — a 1 kg bar costs less per gram than ten 100 g bars
• VAT-free storage — platforms like BullionVault store silver in Zurich or Singapore where no VAT applies
• Silver Britannia coins — while premiums are higher, they are CGT-free as UK legal tender

How Do UK Tax Rules Affect Buying Silver Per Gram?

UK tax rules have a major impact on the effective silver price per gram. Physical silver purchases in the UK attract 20% VAT, which is added to the dealer price. This means buying a gram of fine silver at £1.47 spot price actually costs around £1.76 to £1.98 after VAT and dealer premium. When selling silver, no VAT is deducted from the payment you receive.

For Capital Gains Tax, silver profits above the annual exempt amount (currently £3,000) are taxable — except for Silver Britannia coins, which are CGT-exempt as UK legal tender. Silver ETFs and funds are subject to CGT but avoid the 20% VAT on purchase, making them more cost-effective for larger investments. Read our silver prices UK guide for a full breakdown of VAT and CGT on silver.