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Platinum Rate in Bhubaneswar (5th August 2021)

Aug 5, 2021
2,410 /Gram -67

Track today's Bhubaneswar platinum price per gram, Bhubaneswar platinum rate per tola today, Bhubaneswar platinum rate per 1 gram, 10 grams and 100 grams today, and Bhubaneswar platinum price per kilogram today. Platinum rate history of Bhubaneswar can also be found here on the below framed table. 

Today Platinum Price Per Gram in Bhubaneswar (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,410 2,477 -67
8 gram 19,280 19,816 -536
10 gram 24,100 24,770 -670
100 gram 2,41,000 2,47,700 -6,700

Platinum Rate in Bhubaneswar for Last 10 Days

Date 1 gram 10 gram 100 gram
Aug 5, 2021 2,410.00 24,100.00 2,41,000.00 -67
Aug 4, 2021 2,477.00 24,770.00 2,47,700.00 -29
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

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Bhubaneswar

  • Platinum Price Movement in Bhubaneswar, 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 Bhubaneswar, June 2021
  • Platinum Price Movement in Bhubaneswar, May 2021
  • Platinum Price Movement in Bhubaneswar, April 2021
  • Platinum Price Movement in Bhubaneswar, March 2021
  • Platinum Price Movement in Bhubaneswar, February 2021
Bhubaneswar's highest platinum rate was reported on 18-Jan-2020 over the last 1 year, which was as high as INR 3,208.00 per gram and the weakest platinum rate was reported on 21-Mar-2020, which was as low as INR 2,100.00 per gram. Last year, the platinum price tumbled as low as INR 65,317.30 per ounce on 21-Mar-2020 and the platinum price soared as high as INR 99,779.95 per ounce on 18-Jan-2020. Jewellery stores purchase and sell platinum in gram, tola, sovereign, pavan, ounce and kilogram in Bhubaneswar. The equivalent of 1 gram of platinum is 1000 milligrams. 1 platinum tola is equal to 11.6638038 gram, 1 platinum sovereign is equal to 8 gram, 1 platinum pavan is equal to 8 gram, 1 platinum ounce is equal to 31.1034768 gram, 1 platinum kilogram is equal to 1000 gram. They sell the platinum bars in kilos. Biscuits made of platinum are sold in ounces. In grams, tolas, sovereigns or pavans, platinum coins are distributed across the city. 

How to determine purity in Platinum jewellery?

Platinum is a high-value ideal for wedding rings, engagement rings and other fine jewellery. Its toughness, natural white-silver shine and hardness make this rare metal attractive for men and women in rings. However, platinum rings vary in consistency and purity, so it's necessary to look at the piece of jewellery and speak to a reputable jeweller about it before buying it. This will help to ensure that you walk out the door with a ring that you will love for the lifetime.

Locating platinum hallmarks

Identify the label on the inside of the ring. Check at the interior of the ring band to locate the hallmark that demonstrates the purity of platinum. Consider this labelling as a good way to identify if the ring is really made of platinum.

  • You might need a magnifier to see the delicate embroidery on a small ring.
  • If there is no embedded hallmark, the ring is not crafted of platinum or less than 50 per cent of it and can not be regarded and classified as platinum.

Search for a mark to indicate platinum.

Verify the inner ring for a sign you can use to easily determine whether the ring is made of pure platinum. The form and appearance of the symbol varies depending on the country of origin; often there can be just words and numbers instead of any symbol.   

  • You'll see a symbol that looks like a house shape (triangle over a rectangle), or just a blend of letters and numbers in the U.S.
  • You can see a sign in India created with the upper case" P "and the lower case" t, "followed by the number 950.
  • You'll see the English letters 'Pt' in China, perhaps amid other Chinese characters.
  • You can see "Pt" in Japan, preceded by the 850, 900, 950 or 999 digits.

Identify the letters and the hallmark numbers in Platinum

As part of the platinum hallmark, look at the numbers and/or letters that are provided. The letters will mark the ring as platinum, while the numbers indicate how many parts by weight out of 1000 are pure platinum. 

  • If letters are provided, either PT, PLAT, or PLATINUM, it thus indicates that the ring is at least 95% pure platinum.
  • In the U.S., 850, 900, or 950 can be the number assigned before or after these letters. This means that the ring is made of 85%, 90% or 95% pure platinum, respectively. The other portion of the composition of the ring is a metal with which platinum is alloyed in order to make it denser.  

Run a magnet over your platinum ring

The bulk of pure precious metals are not magnetic, so you shouldn't see any shift if you put a magnet near the jewellery. If your platinum jewellery, though, reacts to a magnet, don't worry. Pure platinum is a delicate metal, but to reinforce the finish, alloys are incorporated. As a platinum alloy, cobalt, which is very tough, is becoming common. Any platinum jewellery can react to a magnet since cobalt is slightly magnetic in nature. 

  • Typically, platinum / cobalt alloys can be marked as PLAT, Pt950, or even Pt950 / Co.
  • Copper, which is not magnetic, is the most common alloy utilised to corrode sterling silver. If you've a piece of polished silver jewellery with a .925 stamp drawn to a magnet, to check its quality, see a trustworthy jeweller.

Check your jewellery on an acid testing kit

Using a testing kit to figure out what the jewellery is made of if you can't find any labelling marks because you're uncertain about the nature of the jewellery. Purchase an acid measuring kit from a jewellery supply shop or an online retailer. A sanding stone and various packaged acids will be included in this set. 

  • Purchase a pack that can be checked for silver and platinum. The labelling of the bottle will reveal which metal they are using to measure for.
  • Buy some separately if the package doesn't contain gloves. You'll burn your skin if you spot some acid on your hands.

By scratching the platinum piece on a stone: Platinum is hard to hit, so when applying the friction, you can have to run it over the stone a couple of times. Place a noticeable mark about 2.5 to 3.8 cm (1 to 1 1⁄2 inches) long on the stone. The stone will cause your jewellery with a scratch mark, so pick a little, oddly shaped section to test.

Through platinum testing acid: Often shield your skin by wearing gloves when carrying acid. To drop one or two drops on the scratch mark that you placed on the stone, use the dropper in the bottle of acid. Instantly after using it, place the cap back on the liquid, make sure the seal is strong and bring it back into the package to avoid spills or injuries. It is not platinum if the metal dissolves instantly in the acid. Underneath the platinum measuring acid, platinum can preserve the same colour and brightness. And ensure that the acid is at room temperature (approximately 22 °C (72 °F) or lower). When you heat the acid, the platinum will dissolve. To figure out what it is, continue testing for several other acids if the piece isn't platinum. Create new marks for each distinct form of acid on the stone. Try one acid at a time on the stone. The product is not platinum, silver, or white gold if all the marks or scratches dissolve.   

How to choose a perfect and pure platinum ring?

Platinum, since it is rare, durable, and pure, is sometimes referred to as the "father of metals." And not all platinum is equal, and all platinum artistry is not the same.

Since platinum is a costly option, selecting your ring carefully is essential. Know the features of platinum to strive for how to hunt for a ring, and what sort of ring will suit you better in order to find the perfect platinum ring.

  • As for all precious metals, in order to obtain the durability needed for jewellery, platinum must be alloyed with other metals. Non-precious metals such as copper or cobalt are also blended with it. While it may not be 100 percent pure, it is mostly, like gold, purer than other precious metals. An expensive, but a worthy alternative would be a ring that is 95 per cent pure. Check around for a ring of at least 90 percent purity, if a 95 per cent purity ring is too pricey for you.
  • Federal laws mandate that all platinum instruments present on the inside of the band a label or "hallmark." The ring is just 90 percent pure platinum if it states "IridPlat," or ".90Plat/Ir," and you can charge cheaper for it than a ring which is 95 percent pure platinum. If the hallmark specifies "Plat" or ".95 Plat," so the ring is called pure platinum and a higher price is required to purchase the same. 
  • It can be alloyed with either cobalt or ruthenium if you are purchasing a pure platinum ring (95 percent platinum). Such alloys create a finer platinum that can retain a light polished reflection and resist years in everyday wear. Some .95 pure platinum rings are alloyed with the less costly metal iridium, but after a year of regular wear, these rings are weaker and can become damaged and rusty.
  • Look for premium hand made work if you want your ring to have etched features. By incorporating a pattern into the setting of the ring, some jewellery makers prefer to resemble hand engraving. Ultimately, this prefabricated inlay will wear off and lose its lustre. Find rich and detailed hand engraving, which usually lasts for centuries, therefore.
  • Filigree is a feature of architecture typical of the time of Art Deco. Look for a ring of elegant and artful features if you wish to have a filigree ring. Most jewellers prefabricate filigree in the setting process to save expenses. Artistry includes filigree that is made from hand-drawn wires and then mounted onto a piece by sculpting.      
  • By searching online, get an awareness of which type of ring you want to. You should look at pages that have a lot of rings on them. Or before entering the physical store, you can look at the rings jewellery stores offer. Looking at online rings will give you an indication of what is traditional and affordable, as well as what normally goes for the kind of platinum ring you choose. You can order the ring online, but typically it is better to go to a physical jewellery store to ensure that the ring is what you want and suits properly. 
  • At the first jewellery store you visit, you may find an almost beautiful ring, but it's better to visit at least a couple of jewellery stores before investing. If practical, visit at least three jewellery stores and many more stores. For consistency, variety, and rates, compare these shops. You must only opt to visit high-end, mid-range, or a number of jewellery stores.
  • Platinum utilized to be priced at a specified price, but now the cost of platinum is changed every day by jewellers. The price normally fluctuates on a daily basis from 4 and 5 percent. To make sure you have the right deal, match rates when visiting jewellery stores.   

 

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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