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Platinum Rate in Ahmedabad (24th July 2021)

Jul 24, 2021
2,525 /Gram -39

Platinum is a white metal which is found in nearly its pure form (approximately 95 percent pure) in jewellery, unlike gold. Platinum is incredibly long-lasting to wear though its colour is white, so it doesn't have to be plated with rhodium as white gold does. Platinum is a very sturdy metal, so it can make a platinum ring appear heavier than a gold ring of 22ct. Nevertheless, platinum is far more costly than gold. A platinum ring can be about double the price of a 18ct white gold ring, with all other factors being the same. Platinum is a luxury choice and is frequently picked by the incredibly wealthy for its elegant charm and notoriety. Because of its higher price, Platinum is usually not used in the full range of jewellery items. Platinum is used mostly for female's engagement rings, female's and male’s wedding rings. For making dress rings, platinum can also be used, but it is not widely used for making earrings, bracelets, pendants or cufflinks. In the development of fine jewellery, there are many metals used. You will be able to make a smarter and more knowledgeable decision on the purchase of your jewellery by learning insight on various metals, their advantages relative to each other and their unique characteristics. Gold, platinum, titanium, silver and stainless steel are the metal forms widely used to make jewellery.    

Today Platinum Price Per Gram in Ahmedabad (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,525 2,564 -39
8 gram 20,200 20,512 -312
10 gram 25,250 25,640 -390
100 gram 2,52,500 2,56,400 -3,900

Platinum Rate in Ahmedabad for Last 10 Days

Date 1 gram 10 gram 100 gram
Jul 24, 2021 2,525.00 25,250.00 2,52,500.00 -39
Jul 23, 2021 2,564.00 25,640.00 2,56,400.00 -8
Jul 22, 2021 2,572.00 25,720.00 2,57,200.00 13
Jul 21, 2021 2,559.00 25,590.00 2,55,900.00 -13
Jul 20, 2021 2,572.00 25,720.00 2,57,200.00 -11
Jul 19, 2021 2,583.00 25,830.00 2,58,300.00 -42
Jul 18, 2021 2,625.00 26,250.00 2,62,500.00 -2
Jul 17, 2021 2,627.00 26,270.00 2,62,700.00 -60
Jul 16, 2021 2,687.00 26,870.00 2,68,700.00 -22
Jul 15, 2021 2,709.00 27,090.00 2,70,900.00 13

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Ahmedabad

  • Platinum Price Movement in Ahmedabad, June 2021
  • Platinum Rates 1 gram
    1 st June rate Rs.2,760
    30th June rate Rs.2,517
    Highest rate in June Rs.2,765 on June 2
    Lowest rate in June Rs.2,455 on June 19
    Over all performance Falling
    % Change -8.80%
  • Platinum Price Movement in Ahmedabad, May 2021
  • Platinum Price Movement in Ahmedabad, April 2021
  • Platinum Price Movement in Ahmedabad, March 2021
  • Platinum Price Movement in Ahmedabad, February 2021
  • Platinum Price Movement in Ahmedabad, January 2021

Purity of Platinum

Platinum is a heavy , dense product with a high molecular weight. It's about twice as heavy as 14-carat gold and has certain very special qualities that make it a very attractive metal jewellery. Owing to its soft texture combined with great durability, platinum does not wear down, which ensures that the initial mass of a piece of jewellery at the time of buying will remain the same even after millennia of heavy use. This is also the explanation that large diamonds are mostly put in platinum, since the prongs remain solid and the extraordinary whiteness of platinum makes the diamond look whiter and thus more precious. Platinum is incredibly dense, e.g. a wire with a hair thickness that can hold a weight of 1 kg. Platinum is used in jewellery, laboratory instruments, electrical components, dentistry and automobile pollution control machinery. Platinum is the purest of all rare metals used in the design of luxury jewellery and is usually alloyed to 95 per cent purity. Platinum has a very bright white shine, especially when blended with ruthenium. Platinum is harder than gold with a strength of 4-4.5 on the Mohs hardness scale, comparable to the hardness of iron, while gold has a hardness of 2.5 on the Mohs scale.     

Uses of Platinum

The oldest treated platinum's specimen is possibly that of an ancient 7th century BC Egyptian casket, discovered at Thebes and dedicated to Queen Shapenapit. This metal was otherwise obscure for the next two centuries in Europe and Asia, while people were able to work platinum on the Pacific coast of South America, as seen by burial goods dating back 2000 years. In 1557, Julius Scaliger, an Italian scholar, wrote about metal from Spanish Central America that it could not be melted and was definitely platinum. Then, in 1735, Antonio Ulloa discovered this mysterious metal, and he ended up in London. There, the Royal Society members were most willing to read about the new metal, and platinum was being recorded and addressed throughout Europe by the 1750s. Platinum is commonly used for jewellery. However, its primary role is in catalytic converters for automobiles, trucks, and buses. Annually, this accounts for around 50 per cent of production. In processing emissions from the engine of the car into less toxic waste materials, Platinum is very efficient. In the chemical industry, platinum is used as a catalyst for nitric acid, silicone and benzene processing. It is also used to boost the performance of fuel cells as a catalyst. For computer hard drives, the tech industry uses platinum and thermocouples.it is also used for the manufacture of optical fibres and LCDs, turbine blades, spark plugs, pacemakers, and dental implants. Platinum compounds are also effective chemotherapy medications for the treatment of cancers.     

Platinum is a versatile material; it is gentle, silvery-white, and dense, with a luxuriant shimmer of elegance. It is one of six metals composed of platinum, palladium, rhodium, osmium, iridium and ruthenium in the platinum group. Platinum has a high melting point and is malleable and ductile. Except at high temperatures, it does not corrode in the air and is unaffected by natural acids. Platinum is soluble in aqua regia (a 1:3 ratio mixture of nitric acid and hydrochloric acid) to form chloroplatinic acid (H2PtCl6). Halogens, cyanides, sulphur, and caustic alkalis also corrode it. As a catalyst for chemical reactions, platinum is commonly used. As a catalytic converter, the most important use of platinum is in automobiles, allowing the total combustion of hydrocarbon emissions going through the exhaust. In jewellery, decorating and dental practice, platinum is used. Electrical contacts, fine friction wires and medical / laboratory devices are also used for the metal and its alloys. For producing strong permanent magnets, an alloy of platinum and cobalt is used. The metal is often used (as its thermal factor of contraction is almost equal to that of glass) to make electrodes enclosed in glass.   

Unknown Facts Of Platinum

When you think about platinum or platinum group metals, what do you instantly assume? Your imagination can attract attention like costly jewellery and accessories, or a catalytic converter in an automobile for the car enthusiasts among us. Yet there's much more to know about the platinum group metals than all of these. Below are the uses of platinum that you must need to know if you are planning to purchase platinum.

  • Platinum has the potential to slow or prevent living cell division in certain chemical processes. To address a wide variety of cancers, platinum-based drugs have been developed. The first chemotherapy treatment based on platinum found by scientists was cisplatin, which appears to have effects in some cancer forms forty years later. At the time, researchers were looking for ways to enhance the anti-cancer effectiveness of platinum-based pharmaceutical products, reduce the toxic effects and reinforce them against susceptibility. 
  • In order to cover and secure vehicle airbags from their explosive systems, platinum-cured silicones are used. These airbags stay stable due to the platinum processing and can be stored rolled up and stored for long periods of time without worsening. In comparison, airbags comprise an initiator sensor that uses a fine explosive material-coated platinum wire to allow airbag unlock.
  • As the international standard for weighing a kilo, a cylindrical hunk of platinum and platinum alloy is used. Around 40 of these cylinders were used in the 1880s, weighing about 2.2 lbs.
  • All elements of the same metal group called platinum metals) are platinum, iridium, osmium, palladium, ruthenium, and rhodium, and hold similar characteristics. Together these metals are also used to produce extremely durable pieces for different machines, equipment and jewellery.
  • Due to its very low excitation concentrations, platinum is used in many anticancer medications. According to a 2014 report by Johnstone, Park, and Lippard, some of those medications, such as cisplatin, are also used to prostate cancers and cancer in animals, according to veterinarian Barbara Forney, approximately 50 percent of cancer therapy patients actually use platinum-containing medicines.
  • According to Encyclopedia.com, Platinum is also used in pacemakers, dental crowns, and other instruments used inside the human body due to its resistance to corrosion from bodily fluids and loss of reactivity to bodily processes.
  • In South Africa, the bulk (about 80 percent) of platinum is extracted. Around 10 percent is extracted in Russia, and according to the U.S., the rest is found in North and South America. As platinum and other platinum metals are typically not found in higher proportions, they are mostly by-products of other metals after extracting.   

6 Lesser-Known Uses And Facts Of Platinum

When you think of platinum or platinum group metals (PGMs), what do you perceive promptly? Your imagination can attract attention like pricey jewellery and watches, or a catalytic converter in an automobile for car enthusiasts like us. Yet platinum group metals are so much more than this. Below we take a closer look at the applications that are not as usual as you might anticipate for platinum.

  1. Platinum has the potential to slow or interrupt living cell division in certain chemical ways. To address a wide variety of cancers, platinum-based drugs have been approved. The first chemotherapy treatment based on platinum found by scientists was cisplatin, which appears to have been used in some cancer forms forty years later. At the time researchers were looking for ways to enhance the antitumour effectiveness of platinum-based pharmaceutical products, reduce the toxic effects and reinforce them against susceptibility.
  2. To cover and shield vehicle airbags from their explosive materials, platinum-cured silicones are used. These airbags stay stable due to the platinum coating and can be held rolled and stored for extensive periods without worsening. In addition, the airbags include an initiator detector that uses a thin explosive material-coated platinum wire to allow airbag deployment.
  3. In a variety of personal care products, platinum-cured silicone blends are used, from lipsticks and shampoos to contact lenses. The use of silicones in medical elastomers, in particular, is one that indicates strong development in the future. They have outstanding properties for wound healing, in that they can adhere to dry skin while not binding to the wet wound and damaging it. Silicones are also permeable to air and moisture, which facilitates the recovery process.
  4. In fuel cell electric vehicles fuelled by hydrogen, Platinum serves as an effective and robust catalyst. A form of fuel cell called the Polymer Electrolyte Membrane is used by all FCEVs (PEM). This low quick unit operates pure hydrogen and uses at its core platinum and palladium, with only water released from its exhaust pipe by the FCEV itself.
  5. 'Warmth' and 'comfort' are perhaps the last sayings that come to mind when you hear about any metallic material. That being said, petrochemical feed supplies, the basic raw goods for the manufacturing of plastics, synthetic rubber and polyester fabrics used for the production of clothes and blankets, are made using platinum catalysts.
  6. Fuel cells based on platinum prove to be more valuable, easier to clean and more efficient than options such as diesel generators. And it is these fuel cells that bring a huge change in South Africa's rural regions, where there are more than two million families without electricity, more than a million of which are in rural areas. In these remote locations, fuel cell mini-grid electrification innovation is an appealing, cost-competitive solution to grid electrification and could speed up access to electricity. Electric power in residences and educational institutions enhances the quality of education, and farming and income generation are facilitated by the capacity to pump water for irrigation. Platinum is the key to enabling these communities to obtain the electricity that is essential to the contemporary lifestyle.        

 

 

   

  

Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious platinum. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on platinum information provided. Platinum rates are the futures rates across all cities in India and hence there maybe price variation.

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