How much does a gram of 925 silver cost in 2021?


The relationship between sample and price

Silver bullion is not used for smelting and creating jewelry due to the high ductility of the metal. Therefore, bullion is often purchased for storage, with the prospect of an increase in the price of the precious metal, or to emphasize personal status.

To increase the hardness of argentum, impurities of copper, nickel, platinum or other less noble metals are added to the alloy. The percentage of impurities affects the final silver sample. The more other chemical elements there are, the lower the specific gravity of the precious metal and the lower the cost of the bar or jewelry.

What standard of silver items should you invest in?

TryDescription
999Maximum content of pure silver. Sometimes 99.9 is written on bars. There is no higher standard. There are practically no foreign impurities in such a metal. It has the highest price.
960As a percentage, the alloy contains 4% copper or nickel. Expensive jewelry is made from metal of this standard. But more often it is used for souvenir spoons, church paraphernalia, water ionizers and highly artistic decor. Silver of this standard has a pronounced antibacterial effect, so the products have double value. The cost of argentum 960 is slightly lower than for bars of the highest category.
925Silver of this standard contains up to 7.5% copper, nickel or any other alloying metal. It is from such alloys that most jewelry is created. The metal is harder, more elastic and holds its shape well, which increases wear resistance with constant use. To increase the anti-corrosion effect, resistance to oxidative processes and maximum shine, most jewelry is coated with a layer of white rhodium. This treatment increases the cost and improves the physical properties of the metal. The cost of the finished product is influenced not only by the price of silver, but also by the complexity of the work, piece size, exclusivity or the name of the master. In addition to jewelry, 925 sterling silver is used for expensive interior items, cutlery, coins, medals and memorable signs.

All silver items from 999 to 925 are priced at the highest value for this precious metal.

The more impurities in silver, the lower its purity and, accordingly, the lower the price.

Which type of products are less attractive for investment?

The more impurities in silver, the less valued it is by both jewelers and buyers. However, some items may be of high value, but this is rarely explained by the precious metal content.

TryDescription
875 or 84Less popular than 925, but also used by jewelers. Contains 12.5% ​​impurities, most often copper, silicon, germanium or platinum. In addition to jewelry, alloys are used for industrial purposes. It is used to create household items, dishes, medals, coins and other less expensive products. If the composition contains platinum, this leads to an increase in the price of the finished product. On ancient products you can find the marking 84, it is equivalent to the modern 875 standard. Such products are of greater value, but not because of the silver content in them, but rather as a rarity or a collector's item.
830 and 800This test is rarely found on jewelry. The metal is initially distinguished by a slight yellowness, which reveals a large amount of impurities of 17-20%. Silver quickly oxidizes - turns black, yellow, red or green, depending on which metal predominates in its composition. It is much more often used for inexpensive cutlery or industrial purposes.

All silver items are marked. In Russia, marking consists of three elements - the symbols of the state inspectorate for assay supervision, the mark of the assay certificate and the sample number.

925 sterling silver - what is it?

925 silver is one of the highest quality and is widely used in Russia abroad. The composition of the 925 silver alloy includes 92.5% pure precious metal, the remaining 7.5% is copper. This ligature was approved by a single GOST back in Soviet times. Copper imparts the required strength to the metal and significantly improves its characteristics. Less commonly, platinum is used as an additive. Due to this expensive component, the properties of silver are improved, it acquires a snow-white color and its oxidation is significantly reduced. In modern production, palladium, which belongs to the platinum group, and cadmium can be used as an additional element. Jewelry made from an alloy containing platinum or palladium has a higher price. Thanks to this noble metal, the jewelry becomes dazzling white, with an incredible blue cold tint.

When using 7.5% zinc as an alloy, the silver turns out cloudy, but the alloy is incredibly durable and low in price. Zinc is rarely used as an additional component, as it often causes allergic reactions. In addition, silver jewelry is sometimes plated with rhodium, just like white gold jewelry, to add a snow-white color and shine. Another advantage of rhodium plating is the resistance of products to oxidation in air; such jewelry does not darken. The disadvantages include the fact that rhodium wears off over time and needs to be coated again, which is very expensive.

925 standard metal is used to make jewelry, cutlery, souvenirs, commemorative medals, and table setting items. In addition, the alloy has found application in electrical engineering.

What affects the price and exchange rate of silver

The price of one gram of silver depends on:

  1. Cost of raw materials . It does not change depending on where the metal was mined in Europe or America.
  2. Demand for metal . In industry, medicine, jewelry and any other industries where it is purchased and used.
  3. Exchange rates . Quotes for the currencies of those world leaders whose reserves hold a large volume of this precious metal also affect the price of silver.
  4. Key rates of central banks of leading countries . When rates at major banks in major economies fall or rise, the price of silver also changes.
  5. Amounts of metal on the planet . The total volume of Argentum deposits, according to US estimates, is 512 tons. Most of it is concentrated in Peru - up to 23%, another 14% in Chile, Poland and Austria, 7% in Mexico and 5% in the USA.

According to experts, the development of silver deposits will be completed within the next 20 years. It is then that demand will begin to increase, since at the moment no widespread alternative has been found. In some industries, artificial alloys are already used instead of silver, while in other areas such “substitutes” cannot perform the functions assigned to them. In this regard, investors see a certain perspective in this asset, as in any other asset that physically cannot remain infinite.

The limited nature of silver gives it added value as a long-term investment. While getting a quick profit from investing in precious metals is less likely.

How to calculate the value of silver yourself

Information on the price of silver is updated daily. Just like the prices of other assets - gold, securities, currency, oil. The Bank of Russia publishes current information every weekday.

In order to independently calculate the cost of 1 gram of silver in jewelry or cutlery, you will need to multiply the price by the sample. For example, the cost of a 925 silver ring weighing 10 grams as of 02/05/2020 will be:

36.24 rubles * 0.925 * 10 grams = 335.22 rubles, the cost of 1 gram of silver will be 33.52 rubles.

But it’s impossible to buy a new silver jewelry or spoon for that kind of money. This happens because the price includes not only the official cost of the precious metal spent on the product, but also other components. For example, it is influenced by the country of origin, the appearance of the product, the price of other metals included in the alloy and other factors.

An item without a hallmark should raise concerns: it may not be made of silver

Chinese 925 silver

Often on store shelves you can find 925 silver from China, which differs from Russian metal in its low cost (from 40 to 100 rubles per gram). In terms of its composition, the alloy meets all standards, that is, the percentage of pure silver content is exactly 92.5, the rest is impurities. The difference in price is due to the divergence in the value of currencies in the Asian region. The only thing you should pay attention to are the stones. Often in such jewelry they turn out to be non-precious, so before purchasing you need to check the quality certificate. In addition, you need to carefully consider the choice of such a product and make sure that it is not a fake. Often, unscrupulous sellers resort to various tricks. For example, the earrings are marked 925, which is located on the clasp, and it is this that is made of real metal; everything else is a cheap alloy that only looks like silver.

Chinese costume jewelry, which is sometimes sold under the 925 marking, should be distinguished from jewelry products. As a rule, such a product contains no more than 2% pure metal. Basically it is cupronickel, which looks very similar to silver.

What else affects the price of precious metals?

The method described above for calculating the price of silver does not give an objective result. With its help, it is difficult to estimate the real value and find out what the actual price of 1 gram of silver is on the market. As of 02/05/2020, the cost of silver at the discount price of the Central Bank of the Russian Federation of 36.24 rubles per gram looks like this:

MeasurePurchaseSale
International silver market price in US dollars per ounce (28.3495 grams)17,5417,57
Estimated price for silver in Russian rubles per gram35,2936,35

The given data reflects silver quotes on the stock exchange. Indicators change daily. The data is recorded based on the trading results and entered into the Bank of Russia tables.

In addition, prices for 1 gram of silver will be different:

  • a pawnshop, where silver jewelry is accepted for 18-22 rubles per gram, and when selling the pawned product they are sold for 31-100 rubles per 1 gram, this is based on various factors;
  • a jewelry store, where the discount price of the Central Bank is tens of times higher, and the price for 1 gram varies from 500 to 700 rubles;
  • on the stock exchange, here prices are closest to the rates at the Bank of Russia, they are in the range of 32-36 rubles.

Therefore, it is not only the sample that affects the price. Although it depends on it more than on any other parameters. The cost of two products with the same characteristics, but different silver content will differ in price only in terms of the volume of precious metal.

925 silver price per gram in 2021

The cost of 925 silver per 1 gram depends on the method of its sale, the product and the possibility of subsequent redemption. So 925 silver, the price per gram in which is the lowest in a pawn shop, today costs about 18-21 rubles. While in purchases it ranges from 26 to 31 rubles. This difference is due to the economic risks of the organization purchasing the precious metal. It is no secret that a clear advantage of pawnshops was and remains the possibility of subsequent repurchase of the product. Purchases do not provide such an opportunity. And the need for pawning or selling jewelry can be different, as well as the role of this product in a person’s life. Hence the clear advantage of buying in price.

Purchasing jewelry or 925 silverware will be much more expensive for the buyer, since stores sell ready-made jewelry or other silver products at a price of about 600 rubles per 1 gram. These are the indicators of today, at a time when the price of 925 silver on the stock exchange per gram is 34 rubles 51 kopecks.

925 silver in a pawn shop costs about 18-21 rubles per gram

In specialized purchases without the possibility of redemption - 26-31 rubles. for 1 gram

In jewelry stores, jewelry costs 600 rubles and more per gram

With such a spread in prices, manipulations are currently taking place in the field of purchase and sale of precious metals. Each price is economically justified, and the consumer independently decides whether to agree to these market conditions or not. In any case, this practice takes place not only today, but also in the deep past, when the activity of buying and selling jewelry, coins and cutlery made of gold and silver was just in its infancy.

Sterling silver 925, the price per gram of which, as it turned out, consists of a number of indicators, is a fairly high and popular variety of the precious metal. In terms of its composition and the presence of additional elements, such a product will be one of the best and most expensive even after a certain period of time. Therefore, the feasibility of investing in precious metals has been proven for hundreds of years and still occupies a leading position among the chosen methods of storing savings.

Silver as an investment

There are three ways to invest in silver:

  • ingots;
  • coins;
  • open compulsory medical insurance.

All three methods can be implemented in a bank. Although the first and second may also be offered by other companies that have a license to conduct transactions with precious metals.

Silver bars

Silver bullion is a popular way to purchase the precious metal for investment. This service is provided in Russian and foreign banks. To conclude such transactions, the company receives a license from the Central Bank to conduct transactions with precious metals.

The price of bars of the same weight can be different even in two neighboring banks. This happens because companies independently approve tariff policies and strategies. Therefore, before investing in silver bullion, compare offers from several banks.

In addition, pay attention to three nuances:

  1. Where will the bullion be stored - at your home or in a bank? An apartment or house will not always be a safe place, which means you will have to spend money on renting a safe deposit box or installing an alarm system.
  2. Find out if the company buys back silver bars that were previously sold. A number of banks do not have such a service. Or the redemption price of the bullion is very low. This reduces the benefits of investing in precious metals.
  3. Payment of VAT. When you purchase a silver bar, you will automatically pay 20%, which is included in the price. Therefore, the return on investment already at the time of the transaction is reduced by 1/5 of the cost.

Silver bars are standard and measured. The latter produce different weights - from 50 to 3200 grams. Each bar is supplied with a manufacturer's certificate, which should be kept nearby. If a document is lost, the value of the precious metal decreases, as does chips, deformations or scratches.

Silver coins

Coins made of silver and other precious metals can be purchased at a bank or numismatic store. VAT does not apply to such goods. Therefore, the final cost of the metal in a coin may be more profitable than in an ingot. In addition, coins are more likely than bars to appreciate in value over time due to their numismatic and collector's value.

Purchase and sale are carried out with commemorative, investment and exclusive coins, which contain silver or other precious metals. However, coins do not have such high liquidity as, for example, bullion. That is, buying a coin turns out to be easier than selling it. Banks either do not buy coins back at all, or the price for them is lower than when purchased.

To find a true connoisseur or collector who will appreciate the piece, you will need to study a lot of information. Therefore, this method of investing is not suitable for everyone.

However, with bullion coins the situation is different. Most often, banks buy back such products more readily, and their value grows much faster than that of the metal itself. Therefore, investing in investment silver coins can be a profitable alternative compared to an impersonal metal account or bullion.

Compulsory medical insurance

An unallocated metal account, or IMA , is a common method of investing in silver. The principle of operation resembles a foreign exchange account, but it stores not money, but precious metal.

A distinctive feature of compulsory medical insurance is that the exchange rate value of silver does not depend on the individual characteristics of the bullion, which include the purity, manufacturer and license plate. That is why it is impersonal because it has nothing to do with the identity of the account owner. It is in this regard that the account is individual and issued to a specific client.

When you open a compulsory medical insurance, you will not be given a silver bar in your hands. This means that it will not wear out, deteriorate, disappear or lose its original characteristics. You do not need to rent a safe deposit box or install an alarm system in your apartment. In addition, with this type of transaction, VAT is not charged, which means that buying silver through compulsory medical insurance is initially 20% more profitable than buying a bullion.

The account can be replenished at any time, as well as closed without losses or penalties. Some companies give the right to partially withdraw or use funds from the account. According to the observations of employees of the banking sector, compulsory medical insurance is opened in silver less often than in gold, but much more often than in palladium or platinum.

The silver rate changes every day

How to earn more on compulsory medical insurance

The exchange rate for silver, which is stored in the compulsory medical insurance, changes depending on the price set by the Bank of Russia and the exchange rate difference of the servicing bank. Some financial companies offer better prices for precious metals when purchasing large quantities. Check in advance, perhaps your servicing bank is also ready to give a discount when purchasing silver of more than 5-10 kg.

If you make a profit from compulsory medical insurance transactions, then you must pay 13% of the individual’s income. Some banks take on this responsibility. They hold the required amount at the time the funds are transferred to the current account. If your servicing bank does not do this, be sure to pay the tax yourself. Profit from compulsory medical insurance is not subject to taxation if:

  • silver was stored in the account for 3 or more years;
  • if the total amount of transactions for the sale of silver does not exceed 250 thousand rubles per year.

In the second case, you will still have to report the profit in your income tax return, although no tax will be charged.

Remember! Funds for compulsory medical insurance are not insured. Therefore, if the bank loses its license, it will be impossible to return investments in the precious metal.

Dynamics of the silver rate in the Bank of Russia from 2010 to 2021

Investing in an impersonal metal account brings profit even when the official exchange rate of the national currency falls. The price of 1 ounce of silver and other precious metals is set by the London Stock Exchange. The Bank of Russia converts the troy ounce into grams and publishes the discount price on its website in Russian rubles. When the ruble exchange rate depreciates, the price of silver in rubles rises, regardless of the price set on the London Stock Exchange.

If you sell silver with compulsory medical insurance at a time when the Russian ruble exchange rate is falling, the transaction will bring additional income. And if the dollar exchange rate falls with a simultaneous increase in the price in dollars by 1 gram or 1 ounce of silver, the compulsory medical insurance goes to a loss. But a rise in the Russian ruble could result in a loss, even if the price of silver rises.

After the development of silver deposits is completed, its price will increase

The dynamics of the discount price of silver in Russia, according to the Central Bank, over 10 years looks like this:

Silver discount price effective datePrice in Russian rubles
01.01.201016,42
01.01.201129,96
11.01.201229,56
10.01.201329,72
01.01.201420,63
01.01.201528,55
01.01.201632,40
10.01.201731,68
10.01.201831,49
10.01.201933,73
01.01.202035,48
05.02.202036,24

Silver price from 01/01/2020 to 02/05/2020

Over 10 years, the price of silver has increased 2.2 times. Silver has maintained a steady rise over the past 5 years. Over the summer of 2021, the price of the precious metal increased by 29%, which was the most dynamic increase in the last 37 years. While gold over the same time added 13%, and platinum - 14%.

Demand for silver is driven most by the industrial sector. The most important consumers of metal are China and the USA. Trade wars between these powers could lead to a decrease in demand, but most likely short-term. Leaders will restore or redistribute sales markets. Therefore, it is possible to consider silver as a long-term investment.

If you want to try other investment programs and decide to diversify your portfolio, then direct part of the funds to an individual investment account, brokerage account, deposit, entrust the management of a management company or invest in mutual funds and microfinance organizations.

about the author

Klavdiya Treskova - higher education with qualification “Economist”, with specializations “Economics and Management” and “Computer Technologies” at PSU. She worked in a bank in positions from operator to acting. Head of the Department for servicing private and corporate clients. Every year she successfully passed certifications, education and training in banking services. Total work experience in the bank is more than 15 years. [email protected]

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Central Bank of the Russian Federation – Precious metals rates

Schedule

Official discount prices for precious metals are established by the Central Bank of the Russian Federation every working day. Prices are calculated based on the fixing of gold, silver, platinum and palladium on the London spot metal market, and are converted into rubles at the official US dollar/Russian ruble exchange rate effective on the day following the day the discount prices are set. Accounting prices are used for accounting purposes in credit institutions.

dateGold rub./gramSilver rub./gramPlatinum rub./gramPalladium rub./gram
25.09.20214119.8053.192307.364689.83
24.09.20214140.9753.172361.534832.95
23.09.20214159.9453.272272.874562.14
22.09.20214157.6053.092177.124486.05
21.09.20214142.7652.802187.914689.39
18.09.20214120.0753.682213.894770.70
17.09.20214148.5954.662193.704732.06
16.09.20214219.3255.832190.004609.54
15.09.20214181.7055.172235.044811.41
14.09.20214200.9255.412241.625023.67
11.09.20214210.4856.202308.885183.86
10.09.20214221.1456.772311.185301.84
09.09.20214245.3557.412363.585565.39
08.09.20214260.9557.052386.085638.12
07.09.20214277.8757.952413.545690.23
04.09.20214244.4156.342354.045659.06
03.09.20214251.3656.602342.155724.22
02.09.20214268.3856.292386.095833.46
01.09.20214274.3956.652379.505852.16
31.08.20214254.3055.852344.185726.80
28.08.20214271.0056.162354.945756.51
27.08.20214243.4156.322359.835725.91
26.08.20214255.0356.322370.885770.73
25.08.20214286.3956.492413.095796.18
24.08.20214255.1455.792421.785524.60
21.08.20214262.7855.482338.265525.27
20.08.20214263.0455.642314.855669.12
19.08.20214223.3155.912376.075930.73
18.08.20214238.0656.462418.986108.87
17.08.20214190.0755.552387.926165.65
14.08.20214151.8955.242409.426155.84
13.08.20214152.1755.382400.716225.30
12.08.20214123.8755.682385.316271.24
11.08.20214092.4155.342340.146154.41
10.08.20214115.7456.342306.616191.92
07.08.20214230.8658.722355.906240.07
06.08.20214260.6759.872394.756259.75
05.08.20214241.3460.072445.426203.64
04.08.20214239.9559.652469.426274.29
03.08.20214243.2359.642471.926253.75
31.07.20214299.0759.942485.506226.68
30.07.20214281.3959.892534.316226.37
29.07.20214258.1858.682501.476174.40
28.07.20214266.8659.632500.076227.63
27.07.20214307.5660.432525.246367.90
24.07.20214276.1959.682577.976415.29
23.07.20214258.6459.402558.886314.27
22.07.20214325.2460.132574.696378.04
21.07.20214347.5360.102581.746226.84
20.07.20214310.2960.532595.856264.94
17.07.20214344.5262.252708.776466.70
16.07.20214371.5562.532729.836700.50
15.07.20214320.7362.372654.806729.95
14.07.20214304.5862.162662.016757.41
13.07.20214326.2262.212627.486718.67
10.07.20214317.6762.272588.116739.63
09.07.20214376.4263.112603.736844.17
08.07.20214295.9562.822602.456745.42
07.07.20214258.3762.682614.676687.42
06.07.20214223.7562.602598.946591.68
03.07.20214221.2961.942589.346577.49
02.07.20214158.3761.562540.976471.96
01.07.20214109.9360.242464.376249.77
30.06.20214117.5460.392505.996207.96
29.06.20214117.2660.542566.556123.97
26.06.20214137.6760.632552.336134.87
25.06.20214139.5660.442513.696078.42
24.06.20214165.3960.622537.226072.04
23.06.20214185.0561.092493.486064.34
22.06.20214194.8061.082447.535902.30
19.06.20214161.7961.272507.735939.62
18.06.20214211.6862.002596.836445.44
17.06.20214303.1664.172665.596394.17
16.06.20214304.4663.802674.346355.59
12.06.20214360.1064.852664.066381.31
11.06.20214368.5064.202648.496413.47
10.06.20214381.1563.922681.376477.46
09.06.20214430.0464.892734.756588.69
08.06.20214412.9064.672731.616663.73
05.06.20214404.1964.472716.186673.84
04.06.20214456.9265.382795.956703.69
03.06.20214480.0365.562804.896718.04
02.06.20214492.1666.432795.096748.73
01.06.20214477.3065.112757.156638.36
29.05.20214477.3065.372796.466690.70
28.05.20214475.5965.312810.466534.90
27.05.20214498.4066.432839.406571.73
26.05.20214442.9365.022789.226449.18
25.05.20214436.7565.352751.626614.29
22.05.20214441.8865.772822.236699.55
21.05.20214423.4765.642851.416772.40
20.05.20214405.9665.562880.456824.50
19.05.20214424.7767.472931.056937.84
18.05.20214389.0565.562922.956888.28
15.05.20214361.9964.782921.476942.07
14.05.20214337.3064.122895.046837.17
13.05.20214364.7765.252939.846996.11
12.05.20214380.1265.522975.477092.97
08.05.20214339.2965.252979.466981.47
07.05.20214299.4464.082961.167061.24
06.05.20214279.5163.292958.037213.35
05.05.20214318.7964.902995.417227.22
01.05.20214256.3162.262909.257178.06
30.04.20214243.9862.862905.617004.54
29.04.20214250.4462.332953.857056.97
28.04.20214291.8863.352990.747099.71
27.04.20214278.0062.762971.156942.31
24.04.20214310.0363.072933.226885.23
23.04.20214387.3764.622955.796973.00
22.04.20214398.8663.992934.146861.14
21.04.20214314.8063.252935.196803.97
20.04.20214384.2064.002988.336888.61
17.04.20214290.8863.502905.206655.73
16.04.20214326.2863.322947.716741.87
15.04.20214241.8961.632871.246540.58
14.04.20214292.1861.972908.486708.62
13.04.20214339.9762.702955.536573.94
10.04.20214336.5562.583009.376514.93
09.04.20214322.3862.793046.516479.73
08.04.20214340.8062.473095.576571.20
07.04.20214250.9061.492961.556566.48
06.04.20214251.1159.892953.036502.09
03.04.20214221.6059.472932.536456.95
02.04.20214181.9759.262897.906409.99
01.04.20214098.4258.362854.936388.32
31.03.20214129.5759.242869.556221.01
30.03.20214202.9060.532857.276399.61
27.03.20214208.4660.092827.806415.53
26.03.20214234.9061.702858.046463.05
25.03.20214245.6362.732898.896431.92

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Author of the article: Klavdiya Treskova

Consultant, author Popovich Anna

Financial author Olga Pikhotskaya

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