
Platinum's Price Story: How Things Changed
Why Platinum Isn't Always Pricier
Platinum Jewelry: A Growing Market
How to Be Sure About Your Platinum Jewelry
Sources:
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Platinum Guild International (PGI): https://platinumguild.com/
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BankBazaar: Platinum Price in India: https://www.bankbazaar.com/platinum-price-india.html
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JPratt Designs: Benefits of Platinum Jewelry: https://www.jprattdesigns.com/blog/benefits-of-platinum-jewelry/
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BullionByPost: Gold Platinum Ratio Charts: https://www.bullionbypost.co.uk/price-ratio/gold-platinum-ratio-chart/
- Zee Business Interview: "Commodity Special - जानिए प्लेटिनम की ABCD" [00:03] (https://www.youtube.com/live/-qAi_5dt_CY)
FAQ
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What is the significance of platinum in the jewelry industry?
Platinum is a rare, pure, and durable metal, which makes it increasingly popular for jewelry. It's especially well‑known for its high quality and long‑lasting nature.
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Why was platinum more expensive than gold in the past?
Platinum was historically more expensive due to its rarity, and it was used in many industrial applications, including automotive and electronics. For 27 years, it was priced 1.5 to 2 times higher than gold.
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How has the price of platinum changed recently?
The price of platinum has seen a significant increase, reaching a five‑year high of $1,400, with a 45% rise since January.
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Why isn't platinum always more expensive than gold, despite being rarer?
While platinum is rarer than gold, it doesn't receive the same investment demand from central banks or investors, which affects its price.
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Which countries have a growing demand for platinum jewelry?
Both China and India are showing increasing demand for platinum jewelry, helping grow the market significantly.
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What is the role of the Platinum Guild International (PGI) in platinum jewelry's success?
PGI has played a key role in promoting platinum jewelry, particularly through marketing campaigns involving celebrities, cricketers, and Bollywood stars.
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How can I verify that my platinum jewelry is authentic?
Look for the PGI certificate, which ensures the platinum is 95% pure (Platinum 950). Each piece should have a PGI card with a unique ID number.
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Is platinum jewelry suitable for men?
Yes, platinum jewelry is becoming increasingly popular for men, with various designs like rings, cufflinks, and pendants available through brands like Kama Jewelry.
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What are the benefits of choosing platinum over gold for jewelry?
Platinum is stronger, more durable, and more pure than gold. Its unique look and lasting quality make it a great choice for long‑term investments and luxury pieces.
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Can platinum jewelry be returned or exchanged?
Yes, platinum jewelry can typically be returned or exchanged at the current platinum rate, with labor charges deducted.
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