Silver Purity and Pricing Explained

The purity of silver is typically expressed 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, also known as pure silver or .999 silver, contains 99.9% silver content with minimal impurities. Sterling silver is the most common grade used in jewellery and household items, containing 92.5% silver and 7.5% other metals (usually copper).

The daily silver rate you see online is just a benchmark. The final showroom price will always be higher due to making charges and a 3% GST.