Silver price in Lao Kip (LAK) — Laos
Today, 999 fine silver costs about 48,509 LAK per gram in Laos — roughly 1,508,809 LAK per troy ounce and 48,509,300 LAK per kilogram. Prices come from the global XAG/USD spot rate, converted into Lao Kip at Laos's parallel-market exchange rate.
How the silver price in LAK is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Lao Kip, we convert the spot price to a per-gram figure, apply the purity factor, and convert to LAK at Laos's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official central bank of Laos 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 Laos
In Laos, the Lao Kip trades on a parallel market whenever the street price of dollars drifts away from the official rate. Like gold, silver is a dollar-priced store of value, so its LAK price climbs as the parallel rate weakens. Tracking silver in Lao Kip gives a low-cost read on the same currency pressures that move gold and the street dollar.