Silver Purity and Pricing: A Guide for Consumers

The purity of silver is typically measured in fineness, indicating the percentage of pure silver in an alloy. For example, 999 fineness means 999 parts out of 1000 are pure silver.

Fine Silver (99.9% Pure) contains 99.9% silver content with minimal impurities, making it the purest form of silver available to consumers. Sterling Silver (92.5% Pure), on the other hand, is commonly used in jewellery and household items, containing 92.5% silver and 7.5% other metals.

The daily silver rate you see online is just a benchmark, and the final showroom price will always be higher due to making charges and GST. In fact, the total cost includes base silver price + making charges (vary by design) + 3% GST.