Mexico Metal Prices Today
Prices in Pesos (MXN) · Reference market: Open COMEX
The world's largest silver producer by a wide margin — a title Mexico has held, in one form or another, since Spanish colonial mines opened centuries ago.
Gold Price — Last 30 Days
A Silver Economy Since the 1500s
Mexico's identity as the world's dominant silver producer isn't a modern development — colonial-era mines like Zacatecas and Guanajuato were already among the richest silver deposits on Earth, and the country has never really relinquished the top spot since.
Peso Swings Layer on Top of Metal Moves
The Mexican peso's own volatility against the dollar means MXN-denominated prices here can move for currency reasons as much as metal-market reasons — worth separating out before assuming a big daily move reflects global silver news specifically.
A National Coin for a National Metal
Mexico's own Libertad bullion coin, minted by the government-owned Casa de Moneda de México, is available in both silver and gold and — unusually among major bullion coins — carries no stated face value or denomination, a design choice that ties the coin's identity directly to its metal content rather than to any fixed currency amount. Given Mexico's outsized role in mined silver, it's a fitting national symbol.
Metals & Mining Industry
Silver gets top billing, but Mexico's mining industry runs wider than that. Grupo México, one of the world's largest copper producers, runs major open-pit operations alongside its silver and zinc output, and Peñoles and Fresnillo plc round out a mining sector that also produces meaningful gold, lead and zinc. Mexico ranks among the world's top producers of several of these metals at once, not just silver — a genuinely diversified mining base built on top of centuries-old silver districts rather than replacing them. Sonora state alone hosts some of the largest copper reserves in the Americas, positioning Mexico as a growing name in battery-relevant metals well beyond its historic silver identity.
Consumption & Trade
Mexico's manufacturing base — automotive assembly plants for Ford, GM, Nissan and others among them — makes it a heavy consumer of steel, aluminium and copper wiring, much of it imported as raw or semi-finished material and re-exported as finished vehicles and electronics under USMCA. That maquiladora model means Mexico is simultaneously a major metals exporter (mined silver, copper concentrate, refined zinc) and a major importer of processed metal inputs for its factories. The United States is by far the dominant trading partner on both sides of that flow, tying Mexican metal demand closely to the health of North American manufacturing rather than to domestic construction alone.
Metals Produced & Consumed Here
Which of this site's tracked metals Mexico is a notable producer or consumer of, based on each metal's own profile.
Did You Know?
Mexico produces roughly a fifth of the world's mined silver in a typical year — more than the next two largest producers combined in many years.
Sources
- Libertad coin has no face value — Mexican Libertad Coin: Understanding the Unique Bullion Series With No Face Value (2024)
- Mexico produces roughly a fifth of world silver — World Silver Survey 2025 (2025)
Frequently Asked Questions
The gold price in Mexico today is MX$2,376.95 per gram as of September 17, 2026, converted from the live international spot rate into MXN.
Yes — Mexico is the world's largest silver producer by a wide margin, a position it has held for centuries.
Prices for Mexico are shown in Pesos (MXN), converted daily from live international spot rates — not a fixed or manually-updated exchange rate.
COMEX (Commodity Exchange, Inc.) is the nearest tracked reference market for Mexico. This doesn't mean prices on this site are sourced directly from it — see its market profile for how it actually works.
