Opinion needed - how can a store sell silver at 15% less than market price

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Benevolent
raghupro

So, someone I know has a small function at their home and they went to a local silver store that is know to their relative to purchase 30 small silver cups.

I was talking to them today and they were mentioning about how their relative could fetch them 15% discount over the market price for silver as they got the cups in wholesale. I was baffled and couldn’t understand how the metal price can be discounted by 15%!!

Can someone help me understand if it’s even possible?

The only reasoning I can come up with is obviously the silver cups have very less purity. Is that it or can shops actually sell genuine and sterling silver cups at 15% discount on silver metal price when purchased in wholesale?

PS: I am talking about metal price billing and not making charges and wastage. They billed the silver metal price 15% less and then added Rs. 3000 per kg to final bill for wastage and making charge.

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Deal Cadet Deal Cadet
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Get the purity checked, they may be alloy. smile Why seller would sell you silver at 15% discount where as he can sell silver at 2-3%premium at MCX.

Helpful Helpful
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Some kinda sham to dupe people probably 15% disc on price not possible.

Generous Generous
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Problem is we have carat system for gold but nothing for silver.
As pure silver blackens very soon so loads of other stuff in it.

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