Silver Purity Matters: Understanding Fineness and Pricing

The purity of silver is typically measured in fineness, which represents the percentage of pure silver in an alloy. For example, fine silver has a fineness of 99.9%, meaning it contains 99.9% pure silver with minimal impurities.

Sterling silver, on the other hand, has a purity of 92.5%, making it the most common grade used in jewelry and household items. It is an alloy of 92.5% silver and 7.5% other metals, usually copper.

The daily silver rate you see online is just a benchmark, and the final showroom price will always be higher due to various factors such as making charges, GST, and stone deductions for studded silver jewelry.