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Platinum Rate in Chandigarh (2nd December 2021)

Dec 2, 2021
2,264 /Gram -25

Inspect today's Chandigarh per gram platinum price, today's Chandigarh platinum price per tola, today's Chandigarh platinum price per 10 grams, and today's Chandigarh platinum rate per kilogram in Chandigarh. You can also find the history of platinum price of Chandigarh here by following the historical platinum rate table framed below. 

Today Platinum Price Per Gram in Chandigarh (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,264 2,289 -25
8 gram 18,112 18,312 -200
10 gram 22,640 22,890 -250
100 gram 2,26,400 2,28,900 -2,500

Platinum Rate in Chandigarh for Last 10 Days

Date 1 gram 10 gram 100 gram
Dec 2, 2021 2,264.00 22,640.00 2,26,400.00 -25
Dec 1, 2021 2,289.00 22,890.00 2,28,900.00 -32
Nov 30, 2021 2,321.00 23,210.00 2,32,100.00 -15
Nov 29, 2021 2,336.00 23,360.00 2,33,600.00 33
Nov 27, 2021 2,303.00 23,030.00 2,30,300.00 -73
Nov 26, 2021 2,376.00 23,760.00 2,37,600.00 0
Nov 25, 2021 2,376.00 23,760.00 2,37,600.00 47
Nov 24, 2021 2,329.00 23,290.00 2,32,900.00 -49
Nov 23, 2021 2,378.00 23,780.00 2,37,800.00 -92
Nov 22, 2021 2,470.00 24,700.00 2,47,000.00 15

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Chandigarh

  • Platinum Price Movement in Chandigarh, November 2021
  • Platinum Rates 1 gram
    1 st November rate Rs.2,480
    30th November rate Rs.2,321
    Highest rate in November Rs.2,628 on November 16
    Lowest rate in November Rs.2,303 on November 27
    Over all performance Falling
    % Change -6.41%
  • Platinum Price Movement in Chandigarh, October 2021
  • Platinum Price Movement in Chandigarh, September 2021
  • Platinum Price Movement in Chandigarh, August 2021
  • Platinum Price Movement in Chandigarh, July 2021
  • Platinum Price Movement in Chandigarh, June 2021
The highest platinum price was reported on 18-Jan-2020 over the last 1 year, which was as high as INR 3,208.00 per gram, and the lowest platinum rate was reported on 21-Mar-2020, which was as low as INR 2,100.00 per gram in Chandigarh. In the last year, the platinum price dropped as low as INR 65,317.30 per ounce on 21-Mar-2020 and the platinum price climbed as high as INR 99,779.95 per ounce on 18-Jan-2020. Jewellery outlets buy and sell platinum in grams, tolas, sovereigns, pavans, ounces and kilograms throughout Chandigarh. The value 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 offer the platinum bars in kilos. Biscuits built from platinum are sold in ounces. In grams, tolas, sovereigns or pavans, platinum coins are provided in Chandigarh.   

Purity of Platinum

As shipped to industry, platinum comprises less than 200 parts of total impurities per million and is potentially the purest metal processed by chemical means itself. This report explores the impact of individual particulates on the properties of platinum, describes some of the advanced analytical and control techniques used, and addresses the reasons that extreme care is taken to extract specific platinum particulates approved for use in several purposes. The platinum developed for treasuries, jewellers, researchers and industrialists has been one of the purest metals in the world for nearly two millennia. One of the explanations for this is extremely practical. Some of the impurities that exist in nature, and some of those unintentionally added in the operations first used to extract the platinum, can cause the metal to break during hot-forging. During the decades when Spain experienced its fleeting Platinum Era, Chabaneau's difficulties in his underground laboratory in Madrid became notorious, as when he was discovered tossing all his machinery and methods out of the doors and windows in a moment of pique, just three months prior his successful development of a flawless 750-ounce ingot. The erratic actions of platinum in the early days can not be due to the influence of any one defilement; all have been responsible for iridium, iron, calcium sulphate, silicon (reduced from silica matter) and it is likely that at one time or another all have caused trouble. Only after Wollaston perfected the chemistry concerned in triggering a relatively pure platinum salt was reliable production of malleable platinum identified.    

Platinum Jewellery

You can mark platinum jewellery so that you can see how much platinum there is in the product. Any piece of jewellery not labelled as platinum, plat., or pt. Less than 50 per cent pure platinum is used and should not be labelled as platinum. Rarely platinum jewellery 100 per cent pure platinum. Platinum is usually blended with identical or non-precious base metals. In general, the higher the concentration of pure platinum, the higher the jewellery's worth. Metals used in jewellery made from platinum typically fall into one of three classifications:

Pure platinum

  • Additional metals in the platinum group (palladium, ruthenium, rhodium, iridium, osmium)
  • Base metals (for instance, copper or cobalt)

Find out what percentage is pure platinum if you want to purchase platinum jewellery, and if the product is:

  • Hypoallergenic
  • Scratch and tarnish resistant
  • Durable
  • Dense
  • Lustrous
  • Capable of being resized or fixed
  • The precious metal can be retained over time.

Instances of Platinum Jewellery Labels

  • Platinum: 95% of pure platinum in general
  • 850 Plat.- 85% pure platinum and 15% group platinum or base metals
  • 800 Pt. 200 Pd.- 80% pure platinum and 20% palladium; 100% metals of the platinum group are found in the product.
  • 75% Platinum 25% Copper: 75% pure platinum and 25% copper; less than 95% of the total of pure platinum and other metals of the platinum group as well.
  • No label of platinum: Less than 50 per cent of pure platinum   

How to know the purity of Platinum in a piece of jewellery?

In terms of the percentage of pure platinum in your jewellery piece,  advertisers define or label platinum. A product should be at least 50 per cent pure platinum (or 500 "parts per thousand") to be labelled platinum. It should have at least 95 per cent pure platinum (950 parts per thousand) if an item is labelled as platinum without any classification. 85 per cent platinum and 15 per cent other metals, either precious platinum group metals and/or base metals, are the bulk of platinum jewellery sold in the U.S. Labels will look this way:

  • 850Plat. = 85% pure platinum
  • 900Pt. = 90% pure platinum

For products consisting between 50 per cent and 85 per cent pure platinum together with other platinum group metals, retailers must specify the amount of pure platinum and the amount of other platinum group metals. For instance:

  • 80% pure platinum, 20% palladium = 800 Pt. 200 Pd.
  • 75% pure platinum, 25% rhodium = 750 Pt. 250 Rh. 
  • 60% pure platinum, 35% iridium = 600 Pt. 350 Ir.

Platinum jewellery can also be called "platinum" with 15 percent to 50 percent base metals. This platinum / base metal alloys comprise 50 to 85 percent pure platinum, but less than 95 percent of the amount of pure platinum and other platinum group metals. Labels for this jewellery must include the percentages of pure platinum and other metals in the piece using the full name of each metal and its metals.

Palladium

In recent decades, as a similar, more effective alternative to platinum, palladium has gained prominence. Palladium weighs slightly less than platinum, falling right in between gold and platinum in respect of rarity and price. Since the price of jewellery is largely dictated by its weight, its lighter weight renders palladium considerably less costly than platinum. Palladium is favoured by many jewellers because it is softer and more malleable than pure platinum, making it easy to deal with. Its dark grey coating makes it easy to blend palladium favourably with pieces of pure silver and maintains the initial appearance longer than platinum (although over time it can inevitably gain the same bland, matte finish). Such as white gold and silver, to restore the initial lustre, palladium can be renovated as well. 

Maintenance of Platinum

Be sure to clean it regularly to preserve the quality and shine of a piece of platinum jewellery. Using the same cleaning procedures you would use with gold, it is secure to indulge it in a gentle, non-abrasive jewellery cleaner and then gently massage the metal surface with a soft brush. Have a qualified jeweller perform a rigorous cleaning every few months or so and brush the layer rid of any marks. You can also ask the jeweller to polish the surface for a shinier appearance if you'd like; alternatively, with time, it can obtain a glossy patina. It's safer to place it in its own cloth package, lockable plastic bag, or packed box while you're not wearing your platinum jewellery to prevent it from getting into contact with other objects, which may lead to scratches.   

Difference between Palladium and Platinum

Over the last few generations, palladium and platinum have become prominent wedding band metals, thanks to their toughness, corrosion-resistant and unique quality. Conceptually, with a natural white shimmer that puts them apart from other metals typically found in wedding bands, palladium and platinum rings appear relatively similar. These two metals, however, considering their almost matching appearances, have some variations that may make one or the other a good alternative. Here we will cover:

  • As precious metals, the fundamentals of palladium and platinum
  • The primary disparities between palladium and platinum
  • Terms of affordability
  • The most affordable choices for platinum and palladium are

The basics of Palladium

With a bright silvery nature, palladium is a precious metal.

It is one of six metals known as PGMs (platinum-group metals). In 1803, palladium was identified and was first seen in jewellery in the late 1930s. Conceptually, palladium is identical to platinum in colour. Currently, if you were to hold a palladium ring on a board beside a platinum ring, by gazing at them, most people wouldn't be able to say the distinction between the metals. Palladium is a heavy metal, with a score of 5 for pure palladium on the Mohs hardness scale and a level of 5.75 when alloyed. For contrast, on the Mohs scale, 18k white gold scales 2.75-3, whereas 14k white gold (a popular metal for weddings) is 3.5 to 4.

 Pure platinum nuggets or pellets can be identified in nature, but platinum is most commonly found to be alloyed with other metals such as iron, copper, gold, nickel, as well as other PGMs. Platinum grains or nuggets vary in size from tiny granules to pebbles weighing up to 9 kg (20 pounds) or even more. It's named indigenous platinum while platinum is contained in a pure form. Platinum nuggets, in comparison to gold, are fairly unobtrusive. They have a bland blackish or greyish hue, but they can be differentiated by their exceptional sturdiness when you treat them. A platinum nugget, a screening instrument for testing new findings, can also be slightly magnetic when iron is included in the alloy. 

Early platinum mining

In dense sand and gravel beds, named placer deposits, native platinum and platinum alloys can be identified. When ancient stone is stripped from its source, the sand and gravel fields are formed and more grounded into fragments when it is swept into streams and rivers. Any of the placer platinum in the world is found in Russia. Alluvial deposits in the Ural Mountains were extensively exploited in the 19th century. These reserves, however, have been deprived of their top quality ore and now responsible for less than one percent of Russia's platinum supply.   

 

   

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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