Silver Purity: What You Need to Know Before Buying

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 contains 99.9% silver content with minimal impurities and is suitable for investment coins and bars rather than everyday jewellery due to its softness.

Sterling silver, on the other hand, is the most common grade used in jewellery and household items, containing 92.5% silver and 7.5% other metals such as copper.

The daily silver rate you see online is just a benchmark and does not account for making charges or GST, which can add to the final price of the silver product.