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Platinum Rate in Bangalore (16th August 2022)

Aug 16, 2022
2,385 /Gram -50

The pure form of platinum is lustrous, malleable and ductile. Platinum is also known as silver-white metal. The silver-white metal is more ductile when compared with silver, gold and copper. The platinum metal is less malleable than gold. It has excellent corrosion resistance and is stable at high temperature. It also has stable electrical properties. 


Today Platinum Price Per Gram in Bangalore (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,385 2,435 -50
8 gram 19,080 19,480 -400
10 gram 23,850 24,350 -500
100 gram 2,38,500 2,43,500 -5,000

Platinum Rate in Bangalore for Last 10 Days

Date 1 gram 10 gram 100 gram
Aug 16, 2022 2,385.00 23,850.00 2,38,500.00 -50
Aug 15, 2022 2,435.00 24,350.00 2,43,500.00 -27
Aug 14, 2022 2,462.00 24,620.00 2,46,200.00 0
Aug 13, 2022 2,462.00 24,620.00 2,46,200.00 18
Aug 12, 2022 2,444.00 24,440.00 2,44,400.00 41
Aug 11, 2022 2,403.00 24,030.00 2,40,300.00 35
Aug 10, 2022 2,368.00 23,680.00 2,36,800.00 -38
Aug 9, 2022 2,406.00 24,060.00 2,40,600.00 44
Aug 8, 2022 2,362.00 23,620.00 2,36,200.00 -21
Aug 7, 2022 2,383.00 23,830.00 2,38,300.00 0

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Bangalore

  • Platinum Price Movement in Bangalore, July 2022
  • Platinum Rates 1 gram
    1 st July rate Rs.2,271
    31st July rate Rs.2,286
    Highest rate in July Rs.2,286 on July 31
    Lowest rate in July Rs.2,161 on July 15
    Over all performance Rising
    % Change +0.66%
  • Platinum Price Movement in Bangalore, June 2022
  • Platinum Price Movement in Bangalore, May 2022
  • Platinum Price Movement in Bangalore, April 2022
  • Platinum Price Movement in Bangalore, March 2022
  • Platinum Price Movement in Bangalore, February 2022
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. 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.

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. 

About Uses of Platinum

  • Platinum is a shiny, silvery-white metal.
  • It is resistant to corrosion similar to gold metal.
  • It is used extensively in the manufacture of jewelry.
  • It is mainly used as catalytic converters in cars, buses, and trucks.
  • The metal is effective at converting emissions from a vehicle's engine into less harmful waste products.
  • The metal is used in the chemical industry as a catalyst for the production of silicone, nitric acid, and benzene.
  • It has found its usage as a catalyst to improve the efficiency of fuel cells.
  • In the case of the electronics industry, white metal has found its usage for computer hard disks and thermocouples.
  • It is one of the most important chemotherapy drugs used to treat cancer.

Platinum vs Silver

Platinum and Silver are used since time immemorial. The metals are used for days dating back to over 3000 BC. Platinum is an expensive yet rare metal. It does not corrode or discolor with time. Silver, at one point in time, was given more importance than gold and was even used as a currency.

Platinum and Silver though used to prepare ornaments are not 100% pure in nature. They are mixed with other metals to enhance their strength and workability. Silver in its pure state is extremely soft and pliable and hence it is combined with other alloys like nickel, copper, and zinc to craft jewelry designs. The addition of alloys gives silver luster and durability.

Sterling Silver is made up of 92.5% of silver and the rest of alloys. Sterling silver is one of the most commonly used forms of silver jewelry. Fine silver or 99.9% pure silver, is used in jewelry making but it is very soft and is not ideal for making rings.

Platinum, on the other hand, is combined with copper, cobalt, iridium, palladium, and ruthenium. Most platinum alloys' purity level ranges between 85% and 95%. Metals with less than 80% purity shall not be considered platinum.

Who discovered Platinum?

Platinum was discovered by Antonio de Ulloa in South America in 1735 and by N. Wood in 1741. Platinum metals are very rare elements. The metal is the most common metal with an abundance in the Earth's crust of about a millionth of 1 per cent. The metal occurs in nature as a pure metal and its alloys with other metals of the group.

The metal is found in the alluvial deposits of the Ural mountains and a few parts of the western United States.

Large scale production of nickel makes it feasible to get small amounts of platinum. One can get only one part of platinum to 2 million parts of ore. The recovery of the individual platinum through a natural process is a tedious process which depends upon the distinct properties of the individual elements.

Platinum is an attractive silvery-white metal. It has a melting point of 1,774 degrees Celsius. The density of the metal is 21.45 g/cu cm at room temperature. It has an efficiency of thermal expansion similar to that of soda-lime-silica glass. The predominant oxidation states of this metal are +2 and +4.

Platinum is chemically inert and will not oxidize in air at any temperature. The metal is resistant to acids and will not be attacked by any single mineral acid. It dissolves readily in aqua regia.

Due to the inertness and attractive appearance of platinum, one of the major uses of metal is in the manufacture of jewellery. Gold Platinum alloys also known as white gold is used in dentistry and in making jewellery ornaments. The metal and its alloys are used in preparing crucibles and evaporating dishes for chemical analyses.

It is used as a catalyst in the contact process for manufacturing sulfuric acid from sulfur dioxide and oxygen.

The prices of platinum have varied widely and are related to the prices of gold. Platinum is an expensive metal. It is more valuable than gold. Its high prices are due to its rarity and density as the precious metals are usually priced based on their weight. It is highly coveted as it is considered a status symbol in the jewellery industry. Annually 1,500 tons of gold are extracted, when it comes to platinum only 160 tons are extracted. The rare availability of metal makes it expensive.

Platinum, as a metal is denser than gold, thus it is heavier. Yet, the silvery-white metal is more durable than 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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