Silver Purity: What You Need to Know

The purity of silver is expressed in fineness, representing the percentage of pure silver in an alloy. For instance, 999 fineness signifies that 999 parts out of 1000 are made up of pure silver. Fine silver, also known as pure silver or .999 silver, contains a minimum of 99.9% silver content with minimal impurities.

On the other hand, sterling silver is the most common grade used in jewellery and household items, containing 92.5% silver and 7.5% other metals like copper. Britannia silver, introduced in Britain in 1697, contains 95.8% silver and 4.2% other metals.

When it comes to pricing, the daily silver rate you see online is just a benchmark, as the final showroom price will be higher due to making charges, GST, and stone deductions for studded silver jewellery.