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

Precious metals have always been and remain the best investment for the future. Regimes, money, and the priority of currencies changed, but the demand for gold and silver clearly never fell. Moreover, prices for precious metals in general often surprise and make you think about their relevance. So the price of 925 sterling silver per gram in 2021 is so different depending on the purpose of its acquisition or donation, that the consumer should understand how much 925 sterling silver costs, because it is the most common and makes up about 80% of other samples.

It is impossible to unequivocally answer the question of how much a gram of 925 silver costs, since its price is determined based on the general situation on the London exchange. And it changes daily, depending on economic indicators around the world.

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?

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

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.

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.

Italian 925 silver

Silver from Italy is considered the best in the whole world. It is distinguished not only by the highest quality, but also by complex execution techniques, uniqueness and extraordinary design. Due to this, jewelry made from this metal is highly valued in all countries. The composition of the alloy is no different from the Russian one, but its cost is slightly higher. The special secret of Italian silver is in its processing.

Craftsmen use the galvanic method of coating silver jewelry, which gives it an extraordinary cold shine, as well as excellent physical characteristics. This silver is very durable and has high anti-corrosion properties. Thus, craftsmen use in their work the technique of galvanic silvering, when the surface of the metal is covered with the thinnest layer of pure 999 fine metal. Rhodium plating gives the jewelry a bright silver color; moreover, such products do not darken and are perfectly combined with both cubic zirconia and diamonds. Blackening of silver adds chic and sophistication to the jewelry, and gilding gives any jewelry respectability and nobility.

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 much does a gram of silver cost in buying

The price of precious metals is constantly changing. They are investment assets and are also used in the production of electronics and other equipment. In essence, the law of supply and demand comes into play here - if many people and companies buy precious metal, its rate increases. If everyone starts selling, it drops.

Precious metals are characterized by high volatility. Their prices often change in different directions. A precious metal may be more expensive today than yesterday, or it may sharply lose value.

When we buy metal, we focus on Russian and international prices at the time the contract is concluded. This is why we physically cannot place “numbers” on the site - otherwise we would have to change them every minute. Instead, we offer a free online estimate - just send us photos of the item and our appraiser will give you a value. If it suits you, then you will be able to quickly and profitably sell silver products. If not, you won’t have to pay anything for the assessment.

But, for our part, we can confidently say that we have the most expensive silver purchase in Moscow, or one of them. After all, we determine not only the mass, as pawnshops and some jewelry stores do, but also the collectible antique premium. And it can be tens or hundreds of times higher than the cost of the precious metal.

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.

Caring for 925 sterling silver items

To ensure that your jewelry does not lose its appearance, you should take proper care of it. Such jewelry must be stored in a dark and dry place. In direct sunlight, metal can not only become dull, but also darken. The exceptions are alloys with the addition of palladium and platinum, as well as rhodium-plated silver.

In order to clean a silver item, you need to wash it in water with the addition of dishwashing detergent and wipe it with a soft cloth. You can often hear advice about cleaning with toothpaste, however, this method can damage the metal surface. A weak solution of ammonia will help clean jewelry from the sulfide film formed upon contact with air. It is enough to hold the jewelry in it for 10 minutes, rinse with water and wipe with a soft cloth. Baking soda can also be used to clean precious metal. To do this, you need to boil 500 ml of water with 2 tablespoons of soda, put a piece of foil and silver in there. After 10 minutes you can rinse with clean water and dry.

In addition, jewelry stores offer a selection of special means for cleaning silver items, with the help of which the jewelry will always look like new and delight you with its shine.

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:

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.

Where can you sell silver in Moscow

When looking for a place to sell silver items, you can find many organizations other than our club.

Pawnshops

One of the places where you can take more unnecessary items made from precious metals is a pawnshop: the purchase of silver in such organizations is carried out constantly and even around the clock. Items are purchased by weight. Pawn shop appraisers do not consider historical or collectible value.

A pawn shop is a good place if you want to find a place to sell your scrap silver as quickly as possible, even at night or on a weekend, and are still willing to lose money. Such organizations operate solely for their own commercial benefit. Therefore, the precious metal exchange rate there is usually 2–3 times lower than the market rate. Considering that this beautiful precious metal is, in principle, not a very expensive material, then for a ring, for example, you can earn about 100–300 rubles.

Jewelry stores

It is worth noting that not all jewelry stores purchase precious metals from the public. At the same time, the purchase price of silver per gram is “as of today,” that is, taking into account international exchange rates. It's more profitable than pawn shops. But at the same time, jewelry stores do not take into account the collectible-historical premium for old, rare and unusual items, as well as items with high artistic value. In addition, it is not always possible to sell scrap silver in jewelry stores. Appraisers look for the mark first. And on damaged products it may not be preserved - and they will not be sure that you are really offering a precious metal of the specified standard, and not, say, steel, zinc or polished aluminum.

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.

How silver is bought in Moscow - per gram and with an antique premium

Our numismatic club has been purchasing historical and modern items made of precious metals for over 10 years. During this time, we have developed a simple and profitable purchase procedure - to find out the cost, you don’t even need to contact our office! Purchasing silver products takes place in three simple steps:

1. Online silver valuation. It is free and fast. You need to send one or more photographs of a silver product to us through the form on the website (or instant messengers or email).
2. Silver assessment by a specialist. Our employee will examine the photos and send you a preliminary estimate in response. It will be as close to the final one as possible.
3. Office visit. If the preliminary cost suits you, we are waiting for you in our office! It is located in the south of Moscow and is easily accessible both by metro and personal transport. In the office, a specialist will conduct a final assessment and pay you the money - in cash or to your account, whichever is more convenient.
4. You can sell historical or modern items to us, as well as sell scrap silver - the price per gram will be high and close to international rates.

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.

Some information about the 925th sample

Let's first remember and figure out what this sample actually is. It is in fairly high demand not only on the Russian market, but also abroad due to the fact that it is one of the highest quality. Its composition is as follows:

• 92.5% pure precious metal;
• 7.5% copper, which due to the low percentage of content does not give silver a reddish tint, and the color turns out to be silvery-white (in extremely rare cases, zinc, platinum or nickel is used).

In this case, the metal, due to its softness, can be easily deformed into the desired shape. At the same time, the oxidation process occurs quite quickly.

It is the various additives in the metal that affect the quality of the final product. And they are also one of the factors on which the final price for 1 g of 925 silver depends.

Added impurities also play an important role due to different interactions with the precious substance, namely:

• due to the presence of copper, its strength increases;
• platinum increases resistance to oxidation, silver turns out lighter, with a cold tint, which also affects the price;
• but zinc, although it increases strength, makes the product duller, which reduces the price significantly.

Among other third-party elements that can be used, rhodium is worth mentioning. Sometimes it is applied to already finished products. In this case, silver is endowed with the following characteristics.

1. The product becomes snow-white and more shiny.
2. Acquires high resistance to oxidation.

But even in this case, it is necessary to update the decoration from time to time.

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.

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

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]

Is this article useful? Not really

Help us find out how much this article helped you. If something is missing or the information is not accurate, please report it below in the comments or write to us by email

Central Bank of the Russian Federation – Precious metals rates

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.

Comments: 0

Your comment (question) If you have questions about this article, you can tell us. Our team consists of only experienced experts and specialists with specialized education. We will try to help you in this topic:

Author of the article: Klavdiya Treskova

Consultant, author Popovich Anna

Financial author Olga Pikhotskaya