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Silver is not used in its purest form. The jewellers use Sterling silver which is 92.5 per cent silver and 7.5 per cent of other metal. India mostly meets its silver requirements through imports.

Commissions do not affect our editors' opinions or evaluations. The price of silver today, as of 9:12 am ET, was $31.95 per ounce. That’s up 0.21% from yesterday’s silver price of $31.89.

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