Silver Purity Matters: Understanding the Different Types of Silver

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 also widely used, containing 92.5% and 95.8% silver respectively, along with other metals like copper.

The daily silver rate is a benchmark price online, but the final showroom price will always be higher due to making charges and GST. Additionally, studded silver jewellery may have stone deductions when calculating the net silver weight for pricing.