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Platinum Rate in Bangalore (3rd August 2021)

Aug 3, 2021
2,506 /Gram -7


Today Platinum Price Per Gram in Bangalore (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,506 2,513 -7
8 gram 20,048 20,104 -56
10 gram 25,060 25,130 -70
100 gram 2,50,600 2,51,300 -700

Platinum Rate in Bangalore for Last 10 Days

Date 1 gram 10 gram 100 gram
Aug 3, 2021 2,506.00 25,060.00 2,50,600.00 -7
Aug 2, 2021 2,513.00 25,130.00 2,51,300.00 20
Aug 1, 2021 2,493.00 24,930.00 2,49,300.00 0
Jul 31, 2021 2,493.00 24,930.00 2,49,300.00 1
Jul 30, 2021 2,492.00 24,920.00 2,49,200.00 -71
Jul 29, 2021 2,563.00 25,630.00 2,56,300.00 61
Jul 28, 2021 2,502.00 25,020.00 2,50,200.00 -15
Jul 27, 2021 2,517.00 25,170.00 2,51,700.00 -28
Jul 26, 2021 2,545.00 25,450.00 2,54,500.00 20
Jul 25, 2021 2,525.00 25,250.00 2,52,500.00 0

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Bangalore

  • Platinum Price Movement in Bangalore, July 2021
  • Platinum Rates 1 gram
    1 st July rate Rs.2,589
    31st July rate Rs.2,493
    Highest rate in July Rs.2,709 on July 15
    Lowest rate in July Rs.2,492 on July 30
    Over all performance Falling
    % Change -3.71%
  • Platinum Price Movement in Bangalore, June 2021
  • Platinum Price Movement in Bangalore, May 2021
  • Platinum Price Movement in Bangalore, April 2021
  • Platinum Price Movement in Bangalore, March 2021
  • Platinum Price Movement in Bangalore, February 2021
Currently, Goodreturns offers you platinum rate of Bangalore which fluctuates on a daily basis. Here, in various forms, like 1 gram, 10 gram and 100 gram price of Platinum in Bangalore, we provide you with the precise platinum price every day. Like Gold, Platinum's price fluctuates every day but not as much as the extent of price variation. The Platinum Prices displayed on this page do not provide any assurance or promise about the accuracy or correctness of the details given on this website. Nothing mentioned herein, suggested or otherwise, is intended or is considered to be investment guidance. To assist you with your investments, always contact your authorized advisor. The highest platinum price was registered on 18-Jan-2020 in the last 1 year, which was as high as INR 3,208.00 per gram, and the weakest platinum price on 21-Mar-2020, which was as low as INR 2,100.00 per gram, was identified at Bangalore. Last year, the platinum price dropped as low as INR 65,317.30 per ounce on 21-Mar-2020 and the platinum rate soared as high as INR 99,779.95 per ounce on 18-Jan-2020. Bangalore-wide jewellery shops purchase and sell platinum in grams, tolas, sovereigns, pavans, ounces, and kilograms. The equivalent of 1 gram of platinum is 1000 milligrams. 1 platinum tola is equal to 11.6638038 grams, 1 platinum sovereign is equal to 8 grams, 1 platinum pavan is equal to 8 grams, 1 platinum ounce is equal to 31.1034768 grams, 1 platinum kilogram is equal to 1000 grams. They sell the platinum bars in kilos. Biscuits made of platinum are sold in ounces. In grammes, tolas, sovereigns or pavans, platinum coins are marketed at Bangalore.       

Difference between Platinum, White Gold And Silver

Platinum, White Gold and Silver are three distinct elements. Let's keep things different in order to learn thoroughly.

  • Platinum (Pt) is the rarest and most valuable of the three. Platinum (Pt 950) is usually around 50 percent more costly than Gold. It is naturally white and resistant to besmirch.
  • White Gold (Au) is a form of Gold, white in colour, it has all the characteristics of Gold, as it's simply Gold.
  • Silver (Ag) is the least of the three metals. Silver actually stands at about 2.5 per cent of the price of Gold & just 1.67 per cent of the price of Platinum.

Key differences

  • Platinum is about 40% heavier than white gold, far harder and denser
  • Platinum is 30 times rarer if compared to gold
  • Platinum does not sacrifice metal when struck, only the metal is displaced. Your gross platinum weight will not change with time due to scraping.
  • White Gold is a blend of gold with nickel & silver, which can lose its white appearance over time to give you a yellowish, white, creamy look. As a matter of fact, white gold isn't really pure white, it is creamy in colour, it appears dazzling white due to the rhodium plating in new jewellery.   

Discovery and uses of Platinum

Platinum was found by the citizens of South America who made white gold-platinum alloy objects. Julius C Scaliger's first published account of platinum in the year 1557. He identifies it as a mysterious metal located in mines between Panama and Mexico, stating that it can not be melted by fire or by any of the Spanish arts. A means of processing workable platinum was discovered and developed by the French chemist Francois Chabaneaus in 1783. The consistency of the metal, however, was still very unpredictable from batch to batch, unfamiliar to him, as then, impurities of unfound metals were present. In the early 19th century, the English chemist William H Wollaston invented a commercial method for processing pure platinum. He also found the metals osmium, iridium, rhodium and palladium-the materials that had rendered the research of Chabaneaus so challenging in his experiments on platinum ores. The name of the element comes from the word 'platina' in Spanish, implying little silver. It is assumed that platinum is non-toxic. Platinum is a precious metal; it is soft, silvery-white, and dense, with a luxuriant gloss of quality. It is one of six metals composed of platinum, palladium, rhodium, osmium, iridium and ruthenium in the platinum group. These metals have identical properties and are also found in mineral ores that are identical.   

Platinum is a dense, durable and unique metal that, due to its distinct and unusual chemical and physical properties, is often used in jewellery for its beautiful, silver-like look, as well as in medical, mechanical, and chemical applications.

  • Platinum is more than ten times rarer if compared to the yellow metal gold.
  • The annual average platinum production from the mine is approximately 250 metric tonnes.
  • The overwhelming majority of the world's production of platinum comes from South Africa and Russia.
  • Platinum, once referred to as "white gold," is silver-white and has a variety of valuable properties, which justify its use in a broad array of sectors.
  • It is highly resistant (which renders it recognized as a' noble metal') to tarnishing and deterioration and is very soft and malleable, allowing it easy to mould.
  • It is also tensile, making it quick and unreactive to extend into wire, ensuring that it does not corrode and is unaffected by natural chemicals.
  • Platinum, a group that comprises gold, silver, copper and titanium, and much of the elements in the centre of the periodic table, is one of the transition metals.
  • These metals' atomic structure ensures that they can bond quickly with other elements. Platinum is widely known to be used in jewellery processing, but its key uses range to emissions controls, electronic components, pacemakers, drugs, and magnets.   

White Gold vs Yellow Gold vs Platinum vs Rose Gold

Platinum, a perfectly white metal, is usually used for jewellery in almost pure nature, varying from 95-98 percent. Platinum is nearly similar to white gold and will continue to look the same for several years as long as both are carefully handled and cared for. The price of platinum depends on considerations such as the style of the ring, the amount of platinum used, and the source from which you purchase the ring. If you're considering buying a platinum ring, here are the advantages and disadvantages to help you determine if it's the best alternative.

Pros

  • With white and rosy colours, they seem to look best and attractive
  • Denser and longer-lasting than white gold.
  • "Often deemed a mark of status (i.e. credit cards with" platinum "have more benefits than cards with" gold).
  • More precious than gold.
  • Hypoallergenic

Cons

  • Every few years, cleaning and polishing are needed, as this eliminates some of the platinum strips.
  • And even if it looks almost identical, it is considerably more costly than white gold.
  • Over time, they will become rusty and dull.

Platinum vs White Gold

The composition and price are the two primary variations between platinum and white gold. White gold is more of a blend of durable metals such as nickel, zinc and copper, while 95-98% platinum is purer platinum. However, more platinum is required to make a ring, leading the price to be 40-50 percent higher. Although composition and price are the main distinctions between these two precious metals, they appear almost similar to the naked eye. We have summarised the key things you should know about cost, composition, colour and maintenance, to help you understand more about the distinctions between platinum and white gold.

Composition

18 karat and 14 karat gold jewellery, along with a combination of durable metals such as nickel, zinc, copper and rhodium plating, is mostly made of gold, although gold is comparatively lightweight on its own. 18 Karat is 75 percent gold, while 58.3 percent gold is 14 Karat. At the other extreme, the platinum used in jewellery is purer, usually from 95-98% platinum, with the remaining amount of rhodium and silver. Denser and more robust than gold, the strongest and densest glorious metal is platinum.

Maintenance and colour: On the naked eye, the difference in colour between platinum and white gold is undetectable. Likewise, as opposed to platinum and white gold, yellow and rose gold show distinct shades. Instead of 18 Karat or 14 Karat gold, Platinum stains more quickly. Maintenance continues to be higher for platinum, and to preserve its flawless look, it must be cleaned and polished regularly. It will be appropriate to re-polish and re-plate gold, but normally not as much as platinum.

Which one is better Platinum or Gold?

Since platinum looks about similar to white gold but costs considerably more, platinum is not superior than gold. 14K and 18K white gold are both sturdy enough for daily use, so there's no need for platinum jewellery. Platinum scratches more quickly as well and needs more care. White gold with a polished finish is a stunning metal, therefore. White gold is cheaper than platinum, and for wedding rings and other fine jewellery, it is a spectacular option.  

Precious Metals Comparison With Platinum

Most of my customers know the pattern or fashion that they have set their hearts on while looking for an essential piece of jewellery.

But when they are questioned about their affinity for precious metals, their responses may be a little more vague. Querying through your large assortment of choices can be overwhelming. You do not learn the material characteristics of each selection, even though you're confident of your chosen colour, let alone that one deserves a higher cost than the other. I truly wish I can address some of those important issues for you. For designing highly worn jewellery such as wedding bands or engagement rings, each of the valuable stones I mention below is well-equipped. After you read on three major dimensions: colour choice, lifestyle, and budget, you will come to know how each metal will meet your tastes. 

Gold

Since previous centuries, gold has been used in the development of jewellery. For its sun-like colour and potential to gloss to a luxuriant finish, it was admired. Gold is the one that gives the broadest selection of all the precious metals. It can be identified at differing extents of purity and combined to produce a multitude of colours with other metals. We must first glance at its purity in order to better appreciate gold jewellery. The purity of gold is calculated in karats. The pure gold of 100 percent is 24 karats. So the purity of gold is determined from how many pieces of 24 are solid gold. Typically, pure 24K gold is very fragile and can't resist the regular wear and tear that we put on our jewellery. Rather to add energy and change its colour, it is combined with other metals. This resultant combination is referred to as an alloy. Because alloys with a higher amount of karat have a higher amount of gold, the subsequent colour of the metal will be similar to its original shade: yellow. 

  • 14 karat (14K) is 14/24 karats = 58.5% gold
  • 18 karat (18K) is 18/24 karats = 75% gold 

 

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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