Silver market chart
Historical benchmark in ZAR per troy ounce; weight conversions are shown in the tables.
Silver Price Chart in ZAR per Mesghal
Live silver price history in South African Rand (ZAR) per mesghal. Toggle 24H, 7D, 30D, and 1Y ranges to analyze silver trends.
Quick Calculator
Calculate silver value
= 4.6875 grams
= 0.150707 troy ounces
Price per mesghal: —
Silver price by currency
Fine silver per mesghal · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Singapore Dollar
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Taiwan Dollar
Silver price by weight
| Weight | Grams | Spot value (ZAR) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Mesghal? Silver weight, conversions and local use
Definition. The mesghal (4.6875 g) is the traditional Persian unit for gold, equal to 4.6875 g or 4.608 g depending on the local standard. Locally it is written مثقال. One mesghal equals 4.6875 grams, or 0.15071 troy ounces, which at today's silver spot price works out to — ZAR.
Where it is used. Iranian bazaar dealers quote 17-carat (705) gold per mesghal, and the mesghal rate is published alongside the coin (Bahar Azadi) price. The unit is the trading standard in Iran and parts of the Middle East.
Pricing conventions. Because Iranian jewellery is traditionally 18K sold at a 705 assay, converting a mesghal quote to a world price requires adjusting for purity as well as weight. Silver is bulkier per unit of value, so quotes in small traditional units are usually a conversion, while real trade happens in kilogram and 1 000 oz bars.
Good to know. One mesghal equals 5 dirham in the old Persian system; the sooth (soot) subdivides it further for small stones.
Silver price per Mesghal in ZAR — quick conversion table
| Quantity | Grams | Troy ounces | Value (ZAR) |
|---|---|---|---|
| 1 mesghal | 4.688 g | 0.1507 oz t | — |
| 5 mesghals | 23.438 g | 0.7535 oz t | — |
| 10 mesghals | 46.875 g | 1.5071 oz t | — |
| 100 mesghals | 468.75 g | 15.0707 oz t | — |
Values are calculated from the live XAG spot price converted into South African Rand and refresh with the price above.
Buying Silver in South Africa: local market, taxes and premiums
At the live price shown above per mesghal, the price you see here is the international XAG spot price converted into South African Rand. Physical buyers in South Africa pay that reference plus a premium, and local trading is concentrated around Johannesburg, historically the centre of world gold mining. Buyers there generally watch the Rand Refinery price in rand per ounce as the day's reference.
Taxes and duties. South Africa is the leading platinum and palladium producer, but retail investment products in those metals remain thin. Silver is bulkier and cheaper per unit, so shipping, storage and consumption taxes matter far more to the final price than they do for gold. That is why the shop price of silver in ZAR can sit noticeably above the spot value of the same mesghal of metal.
How people usually buy. The common routes in South Africa are SA Mint and Rand Refinery distributors, bank bullion desks, coin dealers and JSE-listed metal ETFs. The products most often quoted locally include Krugerrand, Protea and Natura coins, 1 oz platinum coins.
Local conventions. The Krugerrand, struck at 22 carat with one full ounce of fine gold, is the local standard and trades globally. Before you buy, compare the dealer's asking price per mesghal with the live silver price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline ZAR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in South Africa can change.
Other Precious Metals in ZAR
Compare prices across different precious metals
About Silver Price in ZAR
What is Silver?
Silver is a chemical element with symbol Ag and atomic number 47. It is a soft, white, lustrous transition metal with the highest electrical conductivity of any element.
History
Silver has been known since ancient times. It was one of the first five metals discovered by humans, along with gold, copper, lead, and iron.
Common Uses
Interesting Facts
- •Silver has the highest electrical conductivity of any element
- •Silver has antimicrobial properties
- •The word 'silver' appears in many languages as a root for 'money'
Silver Price Per Mesghal in South African Rand
The current silver price per mesghal in South African Rand (ZAR) is updated in real-time based on international market rates. Silver is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling silver in South Africa, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in mesghals, which may be more practical for local transactions.
The mesghal is a traditional unit of weight used in Iran and the Middle East for gold. This unit is commonly used when trading silver in various markets around the world.
Silver Long-Term Returns vs Current ZAR Price
How silver has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for South Africa investors tracking silver in ZAR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Silver price in ZAR – FAQ
How much does one ounce of silver cost in ZAR today?
One troy ounce of silver currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XAG/ZAR rate.
What is the current silver rate in South Africa today?
The current silver rate in South Africa is the live spot price shown on this page per mesghal. Prices refresh every 5 minutes and follow the international Silver spot price converted to South African Rand.
How much is 1 mesghal of silver in ZAR?
1 mesghal of silver equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the ZAR exchange rate (1 mesghal = 4.6875 grams).
How is the silver price per mesghal calculated?
The silver price per mesghal is calculated by converting the international spot price (quoted per troy ounce in USD) to ZAR using the current exchange rate, then converting to the mesghal weight unit (1 mesghal = 4.6875 grams).
Do I pay tax or VAT when buying silver in South Africa?
South Africa is the leading platinum and palladium producer, but retail investment products in those metals remain thin. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per mesghal more than small differences in the ZAR spot quote.
Where do people usually buy silver in South Africa?
The usual routes are SA Mint and Rand Refinery distributors, bank bullion desks, coin dealers, JSE-listed metal ETFs. Local trading is centred on Johannesburg, historically the centre of world gold mining, and the products most often quoted are Krugerrand, Protea and Natura coins, 1 oz platinum coins.
Why is the shop price of silver higher than the spot price in ZAR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Silver is bulkier and cheaper per unit, so shipping, storage and consumption taxes matter far more to the final price than they do for gold. Compare the asking price per mesghal with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the South Africa silver market follow?
Local buyers generally follow the Rand Refinery price in rand per ounce, converted into South African Rand (ZAR). The Krugerrand, struck at 22 carat with one full ounce of fine gold, is the local standard and trades globally.