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Platinum is among the rarest metals to be found.
It is also extremely versatile, so there is a high demand in the automobile industry, Jewelry industry, Dental industry, electronic industry.
It does not (like gold) corrode easily.
It also has got a far higher melting point than gold. allmost twice as high temperature is required to melt platinum.
One of the really special caracteristics is that it does not expand much when heated up, and even melted platinum does not react readily with other compounds.
It is a tougher metal to form, not as mallable as gold.
It has got many of the properties of gold but is better suited due to more wear and tear resistance and also much better thermal properties.
Where as Gold is found mostly all over the world, Platinum is only found at a very few locations.
All this together makes the demand for platinum high... The combined effect of High demand and not a lot to go around makes the pricetag skyrocket.
Gold on the other hand is found so many places that the production is quite high. The demand is high, but more to go around, hence lower price.
What else can I help you with?
Why is gold less precious than platinum?
Because gold is easier to find. On top of that there are more industrial uses for platinum than for gold.
Is there a metal more valuable than gold?
Yes, there are several metals that are more valuable than gold, such as platinum, rhodium, and palladium. These metals are rarer and have unique properties that make them highly sought after for various industrial and technological applications.
What elements are more valuable than gold?
Some elements that are more valuable than gold include platinum, rhodium, and palladium. These elements are considered more valuable due to their rarity, properties, and demand in industrial applications such as catalytic converters.
What is the difference between white gold and platinum Which is more valuable?
White gold is an alloy of gold mixed with white metals like nickel, palladium, or silver, while platinum is a naturally white metal. Platinum is denser, more durable, and rarer than white gold, making it more valuable. White gold requires periodic rhodium plating to maintain its white appearance, whereas platinum does not need this maintenance.
What is the difference between white gold and platinum?
White gold is an alloy made by mixing gold with white metals like nickel or palladium, giving it a silver appearance. Platinum, on the other hand, is a naturally white metal that is denser and more durable than white gold. Platinum is also more rare and therefore more expensive than white gold.
What element is more valuable than gold?
Rhodium and platinum are both more valuable than gold.
Why is gold less precious than platinum?
Because gold is easier to find. On top of that there are more industrial uses for platinum than for gold.
Is there a metal more valuable than gold?
Yes, there are several metals that are more valuable than gold, such as platinum, rhodium, and palladium. These metals are rarer and have unique properties that make them highly sought after for various industrial and technological applications.
Why is gold presently more expensive than platinum?
Gold is more valuable because it is rarer than platinum. Gold can be found in many places, but platinum can only be found in one place - the Earth's crust.
What is the metal used in jewelry making that is more valuable than gold?
Platinum.
What metal has the most value Rose Gold or Platinum?
Well, gold is $1,243 per oz this morning, and platinum is $992. HOWEVER, Rose gold is usually 75% gold, or $932/ oz. Platinum used in fine jewelry is 90% platinum, which is $892/ oz. Rose gold is currently (6 June 2016) the most valuable of the two.
Is silver more valuable than gold?
It would seem not to be the case in the main countries though in the times of the Romans sliver was more precious to them than gold.
What is difference between platinum and white gold?
White gold is the same thing as yellow gold just a different color, where as platinum is a more rare and precious metal making it far more valuable than gold.
What elements are more valuable than gold?
Some elements that are more valuable than gold include platinum, rhodium, and palladium. These elements are considered more valuable due to their rarity, properties, and demand in industrial applications such as catalytic converters.
What is the difference between white gold and platinum Which is more valuable?
White gold is an alloy of gold mixed with white metals like nickel, palladium, or silver, while platinum is a naturally white metal. Platinum is denser, more durable, and rarer than white gold, making it more valuable. White gold requires periodic rhodium plating to maintain its white appearance, whereas platinum does not need this maintenance.
What ways more platinum or gold?
Platinum is usually 1/3 heavier than 18 karat gold and also is more expensive than gold.
What is the difference between white gold and platinum?
White gold is an alloy made by mixing gold with white metals like nickel or palladium, giving it a silver appearance. Platinum, on the other hand, is a naturally white metal that is denser and more durable than white gold. Platinum is also more rare and therefore more expensive than white gold.
