Silver Purity Matters: Understanding Fineness and Pricing

Silver purity 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 (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) and Britannia Silver (95.8% Pure) are other common grades used in jewellery and household items, containing 92.5% and 95.8% silver respectively, with the remaining percentage being other metals like copper.

The daily silver rate you see online is just a benchmark. The final showroom price will always be higher due to additions like making charges (varying by design) and 3% GST.