However, the zooming price of the yellow metal over the past few years has made platinum more competitively priced (see graph). Currently, one gram of platinum costs Rs 3,062 compared with Rs 3,178 for gold (as on 24 October).
live spot prices: Gold Ask$1,861.64$11.83. Silver Ask$22.48$0.15. Platinum Ask$1,029.46$-16.54.
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Is platinum more precious than gold now
While gold is by far the most valuable and popular metal to invest in, the rise of the yellow metal over the past few years has left many wondering if it’s better than it really is. Like silver, platinum reacts differently to economic conditions than gold, so it can outperform gold significantly over a period of time. Below we will take a closer look at the defects between these two metals.
Why is platinum cheaper than gold
Why is platinum cheaper than your old watch? Platinum is also denser than gold (an identical silver ring would be about 40% heavier than gold) and therefore more expensive. Jewelry, which is the most expensive for you now? It follows that this most expensive and rarest gem has been sold.
Should platinum be more expensive than gold
Throughout history, platinum has been more expensive than used watches and is considered the most valuable type 2 metal. However, the situation has changed over the past decade: an ounce of gold often costs more than platinum. Culturally, there is a hierarchy between precious metals, which roughly translates into material value.
Is platinum costlier than gold
Platinum can also be denser than your vintage watch (an identical platinum ring will automatically be about 40% heavier than a gold ring) and therefore more expensive. What other buyers had to almost guarantee was the purity of the metal.
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Is platinum price higher than gold
Platinum: Although it looks almost identical, gold is more valuable than gold. The high price of platinum can ultimately be explained by its rarity and density, as precious metals are often valued by weight.
Why platinum is cheaper than gold
Platinum mines in this world are inferior to yellow gold mines. Only 160 tons of American platinum eagle can be bought each year, while about 1,500 tons of gold is mined in the same range. Since platinum is rarer than gold coins, the price of this metal will inevitably be higher compared to gold.
What is better to buy gold or platinum
In fact, platinum is no better than investment gold. Gold is often more stable, easier to mine, and does not fluctuate in price as much as platinum. And the performance of gold is significantly higher than that of any other platinum.
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