They are rare metals, meaning not as common. It's price and demand. The less there is, the more it will cost, and the higher the demand, the higher the price (again).
Gold, silver, and platinum.
And palladium, iridium, rhodium, platinum, ruthenium, rhenium osmium
Gold and Silver are the best known precious metals. Others are ruthenium, rhodium, palladium, osmium, iridium, and platinum. A metal is considered precious if it is rare.
No, silver and gold are not ferrous metals. Ferrous metals are metals that contain iron, while silver and gold are precious metals that do not contain iron.
Both Precious Metals
Gold and silver are both metallic elements found in the periodic table. They are known as precious metals due to their value and desirable properties such as luster and malleability.
gold, silver, platinum
One can find the current gold and silver prices on the 'Monex Precious Metals' website. They have prices for both precious metals and details of whether prices are rising or falling.
Gold belongs to the broad class of metals known as precious metals. These metals are characterized by their rarity, luster, and resistance to corrosion, making them highly valued for jewelry, investment, and industrial applications. In addition to gold, other precious metals include silver and platinum. Gold is also classified as a non-ferrous metal, as it does not contain iron.
Gold belongs to the exclusive category known as the precious metals. Precious metals are the rare metallic chemical elements that are considered to be valuable. These metals are very lustrous and melt at higher temperatures than other metals. Throughout history, such metals have served as currency, yet in current times, precious metals are viewed as investments and are valued for the industrial usage. Other than gold, the metals belonging to the precious metal category are platinum, palladium, and silver. All of these precious metals are very popular choices in the jewelry industry.
Gold and Silver are the best known precious metals. Others are ruthenium, rhodium, palladium, osmium, iridium, and platinum. A metal is considered precious if it is rare.
Gold, silver, and platinum are considered precious metals due to their rarity, high economic value, and various industrial uses.