Silver Purity: What Drives Prices and Investment Options

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

Fine Silver (99.9% Pure), also known as pure silver or .999 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. They contain 92.5% and 95.8% silver, respectively, with the remaining percentage consisting of other metals like copper.

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