Silver Purity Grades: Understanding Fine Silver, Sterling Silver, and More
When it comes to silver, purity is key. The purity of silver is typically expressed in fineness, which indicates 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): Fine silver contains 99.9% silver content with minimal impurities. This is the purest form of silver commonly 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, usually copper.
The daily silver rate you see online is just a benchmark, with the final showroom price being higher due to making charges and GST. Verify authenticity by checking the BIS logo and purity grade.