Is platinum cheaper than gold in India?

Platinum has become cheaper by a third against gold, helping the white metal attract young consumers. While platinum is available in the market at Rs 29,921 per 10 gm, gold, on the other hand, costs Rs 39,720 per 10 gm. “Platinum jewellery is not a very new phenomenon in India but the metal has picked up well.

Why is platinum cheaper than gold now?

Along those same lines, platinum’s price fluctuates more than gold. Because its demand goes up and down, so does its price. While platinum is often worth more than gold, it is also more likely to decrease in value at a moment’s notice. So if the ratio is greater than 1, platinum is cheaper than gold.

Which is more expensive in India gold or platinum?

Platinum (Pt 950) is currently around 50\% more expensive than Gold.

Which is better to buy gold or platinum?

“Platinum is a more compelling metal to own than gold,” he said. The World Platinum Investment Council estimated in November that supply will outstrip demand by 455,000 ounces in 2019, down from 505,000 ounces in 2018.

Why platinum is so costly?

The main reason for this is that precious metals are priced by weight, and platinum is much denser than gold, meaning it will be heavier. Another reason why platinum rings are more valuable than gold is because the metal is much rarer.

Can platinum be resold?

Platinum, which used to trade at a premium to gold, has fallen below the yellow metal. Platinum also has poor resale value as only a limited number of shops buy it back. Besides, compared with gold jewellery, making charges, close to Rs 500 per gram, are much higher for platinum jewellery.

Is platinum a good investment in 2021?

Similar to gold, platinum is also considered to be a safe-haven asset and is used in jewellery-making. The overall demand for platinum is expected to increase to 7.753 million ounces in 2021, up 1\% from the previous year, according to the WPIC.

What is the price of platinum in India?

Platinum has become cheaper by a third against gold, helping the white metal attract young consumers. While platinum is available in the market at Rs 29,921 per 10 gm, gold, on the other hand, costs Rs 39,720 per 10 gm. “Platinum jewellery is not a very new phenomenon in India but the metal has picked up well.

Is gold more valuable than platinum?

Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis. Often, platinum commands a higher price than gold. Lately, platinum has traded at an abnormally large discount to the yellow metal.

What is the price differential between gold and platinum?

The price differential between gold and platinum is an “intercommodity spread.” Over the course of history, there have been times when gold has traded at a premium to platinum and vice versa. Platinum usually traded at a higher price than gold from 1987 until September 2008.

Is gold or platinum more expensive in 2021?

Platinum usually traded at a higher price than gold from 1987 until September 2008. Since 2011, the price of gold has exceeded the price of platinum. 3 As of June 7, 2021, gold was trading at $1,897 an ounce compared to $1,175 an ounce for platinum. 4 5