Silver Purity Grades and Pricing Explained

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

Fine Silver (99.9% Pure): Fine silver contains 99.9% silver content with minimal impurities, making it the purest form available to consumers.

Sterling Silver (92.5% Pure) is the most common grade used in jewellery and household items, containing 92.5% silver and 7.5% other metals.

The final showroom price of silver includes the base silver price, making charges that vary by design, and a 3% GST.