How Is the 925 Sterling Silver Price Per Gram Calculated?
The calculation is simple but relies on knowing the current spot price. Sterling silver is an alloy made of 92.5% pure silver and 7.5% other metals (usually copper).
To find the exact melt value per gram:
- Take the global spot price of pure silver (priced per troy ounce).
- Divide it by 31.1035 to get the price of pure silver per gram.
- Multiply that by 0.925 (the purity of sterling silver).
Why Grams Matter for 925 Jewelry
If you are weighing necklaces, rings, or silverware, you are almost definitely using a digital scale that measures in grams. Precious metal dealers and pawn shops also weigh scrap 925 silver in grams before making an offer.