Is it good to invest in gold or platinum?
Platinum. Like gold and silver, platinum is traded around the clock on global commodities markets. It often tends to fetch a higher price (per troy ounce) than gold during routine periods of market and political stability simply because it’s much rarer. Far less of the metal is actually pulled from the ground annually.
Is platinum a good investment 2020?
In August 2018, platinum hit its 10-year low at $777.30/t oz, only to hike back to the $1,024.80 mark in January 2020. However, the bullish momentum was short-lived, and for the platinum price, 2020 has proven to be anything but a good year so far.
Which has more resale value gold or platinum?
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.
Why is platinum so cheap 2020?
Platinum Is in a Supply Deficit, Lifting Prices
With mining stalled, the global platinum market entered a supply deficit. In other words, demand for platinum is exceeding the available supply of the precious metal. During the first quarter of 2021, demand for the metal rose by 26%.
What will gold be worth in 2030?
Summary: What Is The Future Of The Gold
|Year||Gold Price Prediction|
Is it worth buying platinum ring?
If you are planning to buy platinum jewelry as an investment, think again. The consumption of platinum, though on the rise, still isn’t as popular as gold and diamonds in the country. … If people want to pick up gold as an investment, they can choose between jewelry, bars, biscuits or coins.
Why white gold has no resale value?
White gold has a lower resale value than yellow gold. … The reason white gold is worth less than yellow gold is because alloy cost less but it also means the purity (karat) of your gold jewellery is diluted. Another big no-no is to invest in white gold. Buy it if you like it and can afford it, but not to invest in it.