Silver Purity Explained: What You Need to Know About Fineness and Grades
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 contains 99.9% silver content with minimal impurities and is the purest form of silver commonly available to consumers. Sterling silver, on the other hand, contains 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 GST. BIS hallmarking can verify authenticity by checking the purity grade, such as 925 for sterling silver or 999 for fine silver.