"925 ITALY" on a Chain Means Sterling Silver—Not Gold

The stamp 925 ITALY indicates:

1. 925 = 92.5% pure silver (sterling standard), alloyed with ~7.5% copper for durability.
2. ITALY = Manufactured in Italy or bearing an Italian hallmark certifying fineness.

It does not signify gold. A gold chain would carry a karat mark (e.g., 14K, 18K, 750).