Since gaining momentum two years ago, the price of platinum is now closer than ever to the price of gold. Why the sudden demand for platinum? The price of platinum use to be double that of gold but took a big slip in the markets when people began seeing gold as a safe haven investment during the economic crisis. Consumers who considered platinum to be out of their budgetary reach were now able to afford the metal. Also, consumers became aware that platinum offers a re-sale value in tune with gold. Currently, the price of platinum floats just a little above the price of gold per ounce daily.
Initially, platinum jewelry was only popular in Japan, U.S., and China. In India platinum was primarily used for industrial consumption in the auto and photography sectors. The metal’s potential use in jewelry eventually allowed platinum to be in huge demand in urban India. One problem facing platinum re-sale is its close resemblance to silver and aluminum. Such concerns force jewelry buyers to pay close attention to the quality of the platinum. If you’re looking to get cash for your platinum, gold, and silver jewelry contact us today. We have six locations, a mail-in service, and offer a 110% Price Guarantee.
Tags: gold jewelry, platinum, sell gold, selling jewelry, silver
Platinum is a precious metal that’s generally worth more than gold,I wonder why lately it’s been overlooked in favor of the yellow metal.