Sterling Silver Price Calculator – Durban
Here’s a comprehensive table with all you need to know about Sterling Silver prices in Durban, South Africa:
| Sterling Silver (925) | Price in South African Rand (ZAR) |
|---|---|
| 1 gram | 16.532 |
| 5 grams | 81.851 |
| 10 grams | 163.701 |
| 25 grams | 409.251 |
| 50 grams | 818.501 |
| 100 grams | 1,6371 |
| 1 kilogram | 16,5312 |
| 1 ounce (31.1 grams) | 514.192 |
Additional Information
Current Market Trends:
- The price of Sterling Silver is subject to fluctuations based on market conditions3.
- As of the latest update, there’s been a slight decrease in price, with a change of -0.051.
Purity:
- Sterling Silver is 92.5% pure silver, mixed with other metals (usually copper) for durability2.
Factors Affecting Price:
- Supply and demand
- Economic conditions
- Industrial usage
- Currency fluctuations
- Geopolitical events3
Buying and Selling:
- Prices may vary slightly between buying and selling rates1.
- Local jewelers and precious metal dealers in Durban may offer competitive rates.
Investment Considerations:
- Sterling Silver is often used for jewelry and tableware, but can also be an investment option.
- Larger quantities typically offer better value per gram1.
Price Updates:
- Silver prices are updated frequently, often in real-time or at least daily3.
Remember that these prices are subject to change, and it’s always advisable to check with local dealers in Durban for the most current rates and any additional fees or taxes that may apply to purchases or sales of Sterling Silver.