Silver price in Kazakhstani Tenge (KZT) — Kazakhstan
Today, 999 fine silver costs about 1,106 KZT per gram in Kazakhstan — roughly 34,412 KZT per troy ounce and 1,106,380 KZT per kilogram. Prices come from the global XAG/USD spot rate, converted into Kazakhstani Tenge at Kazakhstan's parallel-market exchange rate.
How the silver price in KZT is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Kazakhstani Tenge, we convert the spot price to a per-gram figure, apply the purity factor, and convert to KZT at Kazakhstan's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official National Bank of Kazakhstan (NBK) rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in Kazakhstan
The tenge floats but moves closely with oil and the Russian ruble; exchange offices (obmen) quote a street rate near the official one. Like gold, silver is a dollar-priced store of value, so its KZT price climbs as the parallel rate weakens. Tracking silver in Kazakhstani Tenge gives a low-cost read on the same currency pressures that move gold and the street dollar.