No. Hong Kong does not impose capital gains tax, sales tax, or VAT on silver purchases or sales. This makes it one of the most tax-friendly jurisdictions globally for precious metals investors.
Live Silver Market
999 Silver Price in Hong Kong Today (HKD)
Last updated: Oct 6, 2026, 03:08 PM UTC
Silver Spot Price · Hong Kong
HK$480.89HKD
= $61.28 USD
+0.00
+0.00%
Updated: ● Live FX rate1 USD = 7.8471 HKD
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Silver Spot Price – Today
Intraday XAG/HKD spot price (HKD per troy ounce)
Silver Price Performance
| Period | Change (HKD) | Change (%) |
|---|---|---|
| Today | +HK$0.00 | +0.00% |
| 30 Days | +HK$18.27 | +3.80% |
| 6 Months | HK$-10.10 | -2.10% |
| 1 Year | +HK$102.91 | +21.40% |
| 5 Years | +HK$308.73 | +64.20% |
| 20 Years | +HK$1503.27 | +312.60% |
Silver Price Summary — HKD per Troy Ounce
Open
HK$480.89
High
HK$480.89
Low
HK$480.89
Close (Prev)
HK$480.89
Bid
HK$480.17
$61.19 USD
Ask
HK$481.61
$61.37 USD
Change
+HK$0.00
Change %
+0.00%
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Silver Price Chart (TradingView)
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24-Hour Silver Price by Market Session
Shaded bands show active trading sessions (UTC) · HKD per troy ounce
Sydney
Tokyo
London
New York
Silver Price History in Hong Kong — Monthly Averages (HKD)
Monthly average, high and low silver prices per troy ounce in HKD
| Month | Avg Price | Monthly High | Monthly Low | Change |
|---|---|---|---|---|
| October 2026 Current | HK$480.89 | HK$500.13 | HK$461.66 | -3.20% |
| September 2026 | HK$496.79 | HK$516.66 | HK$476.92 | +4.80% |
| August 2026 | HK$474.04 | HK$493.00 | HK$455.08 | -1.80% |
| July 2026 | HK$482.73 | HK$502.04 | HK$463.42 | +7.10% |
| June 2026 | HK$450.72 | HK$468.75 | HK$432.70 | -2.40% |
| May 2026 | HK$461.81 | HK$480.28 | HK$443.34 | +3.80% |
| April 2026 | HK$444.90 | HK$462.70 | HK$427.11 | -5.10% |
| March 2026 | HK$468.81 | HK$487.56 | HK$450.06 | +2.90% |
| February 2026 | HK$455.60 | HK$473.82 | HK$437.37 | +1.50% |
| January 2026 | HK$448.87 | HK$466.82 | HK$430.91 | -4.10% |
| December 2025 | HK$468.06 | HK$486.78 | HK$449.33 | +6.20% |
| November 2025 | HK$440.73 | HK$458.36 | HK$423.10 | — |
Annual Silver Price Performance by Currency
Annual % returns for XAG in major currencies (approximate)
| Year | HKD | USD | GBP | EUR | AED | AUD | CAD | INR | SGD | JPY | CHF | SAR | MYR | TRY | IDR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +12.0% | +12.0% | +10.5% | +9.8% | +12.0% | +15.2% | +16.1% | +11.2% | +8.4% | +18.3% | +9.2% | +12.0% | +10.8% | +52.4% | +14.6% |
| 2024 | +21.4% | +21.4% | +24.8% | +25.1% | +21.4% | +25.6% | +26.9% | +22.8% | +19.2% | +38.4% | +18.6% | +21.4% | +18.3% | +68.2% | +24.1% |
| 2023 | +0.4% | +0.4% | +3.1% | -2.3% | +0.4% | +4.8% | +2.2% | +2.1% | -1.4% | +9.6% | -3.8% | +0.4% | +2.6% | +44.8% | +3.2% |
| 2022 | -3.5% | -3.5% | +10.8% | +11.3% | -3.5% | +1.4% | -1.2% | +5.4% | -7.1% | +14.2% | -3.1% | -3.5% | +1.8% | +112.4% | -0.8% |
| 2021 | -11.7% | -11.7% | -17.2% | -16.9% | -11.7% | -9.8% | -14.3% | -9.1% | -13.2% | -12.4% | -13.2% | -11.7% | -12.4% | +29.6% | -8.4% |
| 2020 | +47.9% | +47.9% | +41.6% | +38.4% | +47.9% | +42.1% | +46.2% | +46.8% | +41.3% | +34.2% | +41.2% | +47.9% | +44.3% | +96.4% | +52.1% |
| 2019 | +15.3% | +15.3% | +20.4% | +14.8% | +15.3% | +22.6% | +18.7% | +21.4% | +12.8% | +10.1% | +13.6% | +15.3% | +14.2% | +38.6% | +18.4% |
| 2018 | -8.5% | -8.5% | -3.8% | -6.2% | -8.5% | -1.3% | -4.2% | +2.8% | -11.4% | -9.6% | -8.8% | -8.5% | -6.4% | +48.2% | -2.4% |
| 2017 | -1.2% | -1.2% | -8.6% | -12.4% | -1.2% | -4.5% | -6.8% | -2.4% | -4.1% | -3.8% | -4.6% | -1.2% | -4.8% | +18.4% | +1.6% |
| 2016 | +15.3% | +15.3% | +31.2% | +19.8% | +15.3% | +17.4% | +19.8% | +17.6% | +12.1% | +5.9% | +14.2% | +15.3% | +22.4% | +38.8% | +22.6% |
| 2015 | -11.9% | -11.9% | -8.3% | -3.7% | -11.9% | -1.4% | -4.8% | -9.8% | -14.2% | -10.6% | -9.4% | -11.9% | -8.6% | +12.4% | -3.8% |
| 2014 | -19.8% | -19.8% | -18.4% | -11.6% | -19.8% | -9.4% | -12.3% | -11.9% | -22.1% | -11.2% | -16.2% | -19.8% | -21.4% | -8.6% | -14.2% |
| 2013 | -35.9% | -35.9% | -38.1% | -35.2% | -35.9% | -31.2% | -34.4% | -22.8% | -38.6% | -11.4% | -34.8% | -35.9% | -36.2% | -24.6% | -28.4% |
| 2012 | +8.4% | +8.4% | +7.8% | +5.1% | +8.4% | +4.6% | +6.9% | +13.2% | +6.1% | +3.8% | +6.8% | +8.4% | +7.2% | +14.6% | +12.4% |
| 2011 | +74.0% | +74.0% | +71.3% | +68.8% | +74.0% | +64.2% | +70.1% | +82.4% | +65.3% | +56.2% | +62.4% | +74.0% | +71.8% | +88.6% | +78.4% |
Gold-Silver Ratio Today
How many ounces of silver equal one ounce of gold — a key valuation signal
Current Ratio
85:1
1 oz gold = 85 oz silver
Silver (HKD/oz)
HK$480.89
XAG/HKD spot
Gold (HKD/oz)
HK$40,876
XAU/HKD approx.
Silver Cheap (High Ratio)+31% vs long-run avgSilver Expensive (Low Ratio)
0avg (65)130
| Period | Ratio | Note |
|---|---|---|
| Ancient Rome | 12:1 | Fixed by law |
| 19th Century | 15.5:1 | Bimetallic standard |
| 20th Cent. Avg | 47:1 | Post gold standard |
| 1980 Low | 17:1 | Hunt Bros. squeeze |
| 2020 High | 125:1 | COVID crash |
| Long-run avg | 65:1 | Historical mean |
A high ratio means silver is historically cheap relative to gold. Gold price shown is approximate.
Historical Silver Price Charts in Hong Kong
30 Days Silver Price in Hong Kong+2.3%
HK$480.89
60 Days Silver Price in Hong Kong-5.6%
HK$480.89
1 Year Silver Price in Hong Kong-2.8%
HK$480.89
2 Years Silver Price in Hong Kong-11.8%
HK$480.89
5 Years Silver Price in Hong Kong-7.9%
HK$480.89
10 Years Silver Price in Hong Kong-14.4%
HK$480.89
All Time Silver Price in Hong Kong-17.7%
HK$480.89
Where to Buy Silver in Hong Kong
Trusted silver dealers, bullion shops, and markets in Hong Kong — prices quoted in HKD
🏦
Best for RetailWing Fung Precious Metals
Bullion Dealer
📍 Connaught Road Central, Sheung Wan, Hong Kong
One of Hong Kong's most established precious metals dealers. Buys and sells LBMA silver bars and coins at tight spot-linked spreads. No VAT in Hong Kong.
🛍️
Best for RetailChow Tai Fook
Mall
📍 Multiple locations across Hong Kong
Hong Kong's largest jewellery chain. Silver jewellery with certified purity. Design premium applies; not ideal for investment bars but trusted for jewellery.
🏛️
InstitutionalHang Seng Bank — Bullion
Bank
📍 83 Des Voeux Road Central, Hong Kong
Offers precious metals investment accounts and physical silver. Institutional pricing with the convenience of bank account integration.
🛍️
Best for RetailLuk Fook Holdings
Mall
📍 Multiple locations, Hong Kong
Major Hong Kong jewellery group with certified silver products. Known for transparent pricing and high-street accessibility.
🏦
Investment GradeKim Seng Precious Metals
Bullion Dealer
📍 Sheung Wan, Hong Kong
Wholesale and retail silver dealer catering to both investors and the jewellery trade. Competitive rates on larger bar denominations.
🏛️
InstitutionalBank of China (HK) — Bullion
Bank
📍 Bank of China Tower, 1 Garden Road, Central HK
Bank of China offers silver bullion accounts and coin products in Hong Kong. Good for renminbi-linked silver exposure.
Always verify current prices directly with dealers. Retail prices include dealer premiums above spot.
Frequently Asked Questions
Silver Prices in Other Cities
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What Moves Silver Price in Hong Kong?
Hong Kong's Silver Market: Asia's Free Trade Gateway
Hong Kong occupies a unique position in Asia's silver market. Its status as a free port — with no import duties on precious metals and no capital gains tax — combined with proximity to mainland China and deep capital markets, makes it one of the most important silver trading centres in Asia. Hong Kong Exchanges and Clearing (HKEX) lists several silver-linked financial products, and the city's network of licensed precious metals dealers spans from major international banks to specialist bullion houses in the Central and Admiralty districts. Hong Kong has long served as the entry point for silver flowing from global producers into mainland China, the world's largest industrial consumer of silver.
HKD Peg and Its Effect on Silver Pricing
The Hong Kong Dollar has been pegged to the US Dollar under the Linked Exchange Rate System since 1983, maintained by the Hong Kong Monetary Authority (HKMA) within a band of 7.75–7.85 HKD per USD. Like Dubai's AED peg, this means HKD silver prices track XAG/USD movements with near-perfect precision. There is no FX conversion risk for HKD-based buyers — the only variable is the global USD silver price. This predictable pricing environment is valued by institutional traders and regional importers who use Hong Kong as a silver distribution hub for Southeast Asian and mainland Chinese markets.
Zero Tax on Silver in Hong Kong
Hong Kong imposes no capital gains tax, no sales tax, and no VAT on silver. Investors can buy and sell silver with zero tax leakage on profits — a significant advantage over virtually every other major silver market globally. Unlike Singapore (which has a 9% GST with IPM exemption for qualifying silver) or Japan (10% consumption tax), Hong Kong's tax-free environment applies without qualification requirements or purity thresholds for the tax benefit. This makes Hong Kong's effective purchase cost among the lowest in Asia, and the effective retention of profits after sale unmatched among major precious metals hubs.
Gateway to Chinese Silver Demand
China is the world's largest industrial consumer of silver and one of the largest investment demand markets globally. Hong Kong functions as the primary internationally connected gateway for silver flowing into mainland China, particularly for LBMA-approved bars and internationally sourced coins. Periods of strong Chinese industrial activity — in electronics, solar panel production, and automotive manufacturing — create visible demand effects in Hong Kong's physical silver market, with premiums over international spot prices widening when Chinese buyers compete aggressively for available supply. This flow of Chinese demand means Hong Kong silver market participants often have an informational advantage about near-term Asian buying interest.
Where to Buy Silver in Hong Kong
Silver is available from major banks including HSBC, Standard Chartered, and Hang Seng Bank, which offer silver accounts and investment products. Specialist precious metals dealers in the Central and Admiralty districts handle institutional and retail physical silver transactions. The Jewellery & Gem Fair held annually in Hong Kong is one of the world's largest precious metals trade events, reflecting the city's ongoing importance as a regional hub for both investment and fabrication-grade silver.
Silver Investment in Hong Kong
Hong Kong's combination of zero capital gains tax, zero sales tax on silver, a USD-pegged currency, and world-class banking and custody infrastructure creates one of the most investor-friendly precious metals environments in the world. The city's deep connections to mainland Chinese demand also mean that local physical silver premiums can occasionally move independently of global spot, offering informed investors opportunities that do not exist in purely western markets. For long-term storage, Hong Kong's politically stable (though increasingly mainland-influenced) legal environment and the availability of allocated vaulting at institutional standards make it a credible centre for precious metals custody alongside Singapore and Switzerland.
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