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Platinum Rate in Hyderabad (28th November 2022)

Nov 28, 2022
2,565 /Gram -9

Platinum is an incredibly extraordinary precious metal, far rarer than gold. It is generally more costly than gold, but in recent history, regulated by the rules of supply and demand, it has been traded lower than gold on numerous occasions. Platinum is available in only a few areas worldwide, primarily in the Merensky Reef of South Africa, the Ural Mountains of Russia and a few remote mines in the US and Canada. Platinum, with its high specific weight, is a solid, dense metal. It is about twice as heavy as 14-karat gold and has some very distinctive qualities that make it a very attractive jewellery metal. 

Today Platinum Price Per Gram in Hyderabad (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,565 2,574 -9
8 gram 20,520 20,592 -72
10 gram 25,650 25,740 -90
100 gram 2,56,500 2,57,400 -900

Platinum Rate in Hyderabad for Last 10 Days

Date 1 gram 10 gram 100 gram
Nov 28, 2022 2,565.00 25,650.00 2,56,500.00 -9
Nov 27, 2022 2,574.00 25,740.00 2,57,400.00 0
Nov 26, 2022 2,574.00 25,740.00 2,57,400.00 -21
Nov 25, 2022 2,595.00 25,950.00 2,59,500.00 -22
Nov 24, 2022 2,617.00 26,170.00 2,61,700.00 9
Nov 23, 2022 2,608.00 26,080.00 2,60,800.00 1
Nov 22, 2022 2,607.00 26,070.00 2,60,700.00 49
Nov 21, 2022 2,558.00 25,580.00 2,55,800.00 -9
Nov 20, 2022 2,567.00 25,670.00 2,56,700.00 0
Nov 19, 2022 2,567.00 25,670.00 2,56,700.00 -9

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Hyderabad

  • Platinum Price Movement in Hyderabad, October 2022
  • Platinum Rates 1 gram
    1 st October rate Rs.2,251
    31st October rate Rs.2,486
    Highest rate in October Rs.2,548 on October 28
    Lowest rate in October Rs.2,251 on October 1
    Over all performance Rising
    % Change +10.44%
  • Platinum Price Movement in Hyderabad, September 2022
  • Platinum Price Movement in Hyderabad, August 2022
  • Platinum Price Movement in Hyderabad, July 2022
  • Platinum Price Movement in Hyderabad, June 2022
  • Platinum Price Movement in Hyderabad, May 2022

Platinum does not wear away due to its softness combined with great intensity, which ensures that the initial weight of a jewellery product at the time of buying will remain the same, and after decades of severe use. This is often the reason that large diamonds are mostly set in platinum, since the clasps will appear solid and platinum's extraordinary white skin makes the diamond look more white and thus more expensive. For e.g., a wire with the thickness of a hair can hold a weight of 1 kg. Platinum is incredibly dense. In jewellery, laboratory equipment, electrical components, dental care, and vehicle emission control systems, platinum is used.        

Facts of Platinum

  • 30 times rarer and expensive than gold
  • To make a single ounce of platinum, ten tonnes of gold must be extracted.
  • There is only 1 platinum mine in the world out of every 10 gold mines.
  • Compared to 2700 tonnes of gold, 88 tonnes of platinum is made into jewellery every year.
  • Platinum price is 2 to 3 times higher than gold
  • The processing of platinum ore into pure platinum generally takes 5 months of time   

Platinum is a desirable metal which is used as a currency in catalytic converters, jewellery, watches, and brings its name to credit cards and entertainment honors. Check the fascinating facts below to find out more about platinum and its properties. 

  • Platinum, with the symbol Pt and the atomic number 78, is a chemical element.
  • The term platinum is derived from the word 'platina' in Spanish, which implies 'little silver.'
  • Platinum is a dense, malleable, ductile (can be stretched), glossy gray-white transition alloy, uncommon enough to be called a precious metal.
  • Platinum is a silver-white metal, once referred to as "white gold." It is highly resistant to discrediting and deterioration (which makes it recognised as a "noble metal") and very smooth and malleable, making it easy to form; ductile, making it easy to shape into wire; and inert, ensuring it does not oxidise and common acids do not harm it as well.
  • Platinum, a group that contains gold, silver, copper and titanium, and much of the elements in the centre of the periodic table, is one of the metallic elements. These metals' atomic structure ensures that they can bond effectively with other components. 

Unexpected Uses of Platinum

1. Platinum can help to treat Cancer

In a certain way, the silver-white metal can either slow down or stop the division of the living cells. The drugs made of platinum have been developed to treat a wide range of cancers globally.

The first platinum-based chemotherapy drug discovered was named Cisplatin. The drug which is around forty years old still has found its usage in treating certain types of cancer. Scientists have now researched ways to improve the anti-tumor efficacy of drugs made of platinum which reduces the toxicity profile and strengthens them against resistance.

2. Platinum improves Personal Hygiene

Personal Hygiene is one of the most important factors in nowadays life. With the growth of technology, platinum has found its usage in a range of personal care products from shampoos, and lipsticks to contact lenses.

Silicones in the medical elastomer are used for healing wounds. Its excellent properties help it to be used for treating dry skin, while not sticking to and damaging the wet wound.

3. Platinum keeps Cars Safer

Platinum–cured silicones are used to coat and protect automobile airbags from explosive systems. These airbags will remain stable and can be kept folded for long hours without deteriorating. These bags contain initiator sensors used as a fine platinum wire coated with explosive materials to help release the airbag.


Why is Platinum Used in Jewellery?

Platinum has come a long way since its invention. As of today, platinum has become one of the most desired metals for jewellery list of reasons:

1. Purity – Platinum jewellery consists of 95% of pure form of platinum and the other 5% consists of alloys. Due to its high metal concentration, platinum will retain its strength and also its alluring hue. It is considered a symbol of purity and hence many youngsters purchase platinum for engagement and wedding rings.

2. Durability – Platinum ornaments consist of 95% of pure platinum they, thus it will be harder, dense and has heavyweight, making them more durable. It provides high resistance to scratches, damage, and bending.

Due to its high durability, any setting designed using this metal will provide the best protection to the gemstone.

3.

Hypoallergenic – Platinum is hypoallergenic in nature. Due to its high level of purity, the metal is less likely to cause any kind of skin allergy to the users. The metal is less likely to trigger any kind of skin reactions or breakouts. Those who have sensitive skin can go for this metal without any inconvenience.

4. Enhances Diamonds- The natural shiny-white platinum will complement the look, radiance and colourless sparkles of diamonds. The metal will not cast any colour on the gemstone and hence it makes it a great metal choice for all gemstone jewellery.

5. Patina – Patina refers to the production of oxidation on a metal's surface formed on its usage over a long period. Platinum metal is one of the metals which develops a beautiful patina on its surface as it adds to its uniqueness and character. Its non-plated and low maintenance helps the users. Users of platinum will not have to spend more money on polishing the ornaments. One has to just widen the ornament with a soft cloth to restore its original shine.

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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