The value of gold paced up doubling itself from 2008 overtaking the rare grey metal, Platinum. In Jan 2008 platinum was trading as high as ₹2000/gram. At the same platinum reign, Gold was priced almost half of the platinum at ₹1240/gram.
But in recent times, Tarnishing the other, availability and the demand for gold has always been higher. The demand for platinum is not from blacksmiths, it's from pollution caused by diesel engines. Yes, platinum is auto-catalyst derives it's 40% of the demand from automobiles.
For a commodity to be traded in a market, intrinsic properties are expected to show up higher than the other goods. Platinum is brighter but not everywhere as Gold is. The demand has been decreasing since 2013 plunging rate of 16% from the previous year and 13% down from the jewelry side.
As the vehicle production is ramping up slowly as never before and vehicles are switching to higher Bharath Stages, some transforming diesel cars to electrical which never produce a higher demand in the future until a robust application supports the demand. Investing in Platinum is not a wiser idea, if diesel trucks continue to roll, there exists a high possibility for the price to remain or show a positive graph.
We also make weekly content on unique headlines- Finnomy
Good Morning
Finbolts
Comments
Post a Comment