Understanding Silver Purity and Pricing

The purity of silver 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.

Silver purity can be categorized into different grades based on their composition:

Fine Silver (99.9% Pure): This is the purest form of silver commonly available to consumers and contains 99.9% silver content with minimal impurities.

Sterling Silver (92.5% Pure) is the most common grade used in jewelry and household items, containing 92.5% silver and 7.5% other metals, usually 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%).