Silver Purity Explained: What You Need to Know

The purity of silver is an essential factor to consider when buying or selling it. The fineness of silver, which indicates its purity percentage, ranges from 90% in coin silver to 99.9% in fine silver.

For example, sterling silver contains 92.5% silver and 7.5% other metals, making it the most common grade used in jewelry and household items. Britannia silver has a higher purity of 95.8%, while coin silver contains 90% silver and 10% copper.

When buying silver, consumers should be aware that the daily rate online is just a benchmark, and the final showroom price will be higher due to making charges and GST. The BIS hallmarking system verifies authenticity by indicating the purity grade and HUID code.