Understanding Silver Purity: A Guide to Fine, Sterling, and Britannia Silver
The purity of silver is measured in fineness, indicating the percentage of pure silver in an alloy. For instance, 999 fineness means 999 parts out of 1000 are pure silver.
Fine silver contains 99.9% silver content with minimal impurities and is commonly available to consumers. Sterling silver, on the other hand, contains 92.5% silver and 7.5% other metals, usually copper.
The daily silver rate online is just a benchmark, and the final showroom price will always be higher due to making charges and GST. To verify authenticity, check for the BIS logo and purity grade.