🇮🇸Silver Rate in Reykjavík Today
The silver rate in Reykjavík today is ISK 8,373 per troy ounce for 24K, based on an international spot price of $69.11 per troy ounce. That is up ISK 174.47 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 269.21 | ISK 246.77 | ISK 235.55 | ISK 201.90 | ISK 157.04 |
| 1 Troy Ounce (31.1035 g) | ISK 8,373 | ISK 7,675 | ISK 7,327 | ISK 6,280 | ISK 4,884 |
| 1 Kilogram (1,000 g) | ISK 269,205 | ISK 246,771 | ISK 235,554 | ISK 201,904 | ISK 157,036 |
All figures in ISK (Krona). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
Last 10 days · 24K per troy ounce in Reykjavík
Daily closes from COMEX front-month futures — a continuous series that predates our own spot record. Futures trade slightly above spot, so read these as the day-to-day movement, not as the counter price. Converted at the current ISK exchange rate.
| Date | 24K / troy ounce | Change | % |
|---|---|---|---|
| Fri, 21 Aug 2026 | ISK 8,417 | +ISK 174.47 | 2.12% |
| Thu, 20 Aug 2026 | ISK 8,242 | +ISK 277.70 | 3.49% |
| Wed, 19 Aug 2026 | ISK 7,964 | +ISK 217.24 | 2.80% |
| Tue, 18 Aug 2026 | ISK 7,747 | -ISK 264.13 | -3.30% |
| Mon, 17 Aug 2026 | ISK 8,011 | +ISK 137.28 | 1.74% |
| Fri, 14 Aug 2026 | ISK 7,874 | +ISK 13.93 | 0.18% |
| Thu, 13 Aug 2026 | ISK 7,860 | -ISK 82.63 | -1.04% |
| Wed, 12 Aug 2026 | ISK 7,943 | +ISK 95.23 | 1.21% |
| Tue, 11 Aug 2026 | ISK 7,848 | -ISK 40.83 | -0.52% |
| Mon, 10 Aug 2026 | ISK 7,888 | — | — |
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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 8,373 per troy ounce for 24K, and ISK 8,373 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 Reykjavík?
One gram of 24K silver costs ISK 269.21 in Reykjavík, and 22K costs ISK 246.77 per gram. 18K works out at ISK 201.90.
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 22.43 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 5 minutes ago. Exchange rates refresh alongside it.