Which is more costly platinum or gold?
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Lily Gonzales
Studied at the University of Toronto, Lives in Toronto, Canada.
As a subject matter expert in precious metals, I can provide you with a detailed comparison between the costs of platinum and gold. The price of these metals can fluctuate based on various factors such as market demand, geopolitical events, and economic conditions. However, as of my last update, gold has generally been more expensive than platinum on a per-ounce basis.
Gold is often seen as a safe-haven investment and is widely used in jewelry, electronics, and as a store of value. Platinum, on the other hand, is used in a variety of industrial applications, including automotive catalysts, and also in jewelry. The demand for platinum in industrial applications can affect its price significantly.
To get the most current and accurate prices, it's best to check a reliable financial news source or a precious metals market data service. Prices can change rapidly, so the most recent information is crucial.
Gold is often seen as a safe-haven investment and is widely used in jewelry, electronics, and as a store of value. Platinum, on the other hand, is used in a variety of industrial applications, including automotive catalysts, and also in jewelry. The demand for platinum in industrial applications can affect its price significantly.
To get the most current and accurate prices, it's best to check a reliable financial news source or a precious metals market data service. Prices can change rapidly, so the most recent information is crucial.
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Studied at University of Oxford, Lives in Oxford, UK
Gold vs Platinum Cost. While gold and platinum are similar in price per gram, platinum is more dense and so more of it is required to make a ring. Additionally, platinum rings are usually 95% pure platinum, while 14k gold is only 58.5% gold (18k gold is 75% gold). Therefore, platinum rings are more expensive.
2023-04-09 19:55:14
Olivia Nelson
QuesHub.com delivers expert answers and knowledge to you.
Gold vs Platinum Cost. While gold and platinum are similar in price per gram, platinum is more dense and so more of it is required to make a ring. Additionally, platinum rings are usually 95% pure platinum, while 14k gold is only 58.5% gold (18k gold is 75% gold). Therefore, platinum rings are more expensive.
