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Platinum Rate in Lucknow (24th July 2021)

Jul 24, 2021
2,525 /Gram -39


Today Platinum Price Per Gram in Lucknow (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,525 2,564 -39
8 gram 20,200 20,512 -312
10 gram 25,250 25,640 -390
100 gram 2,52,500 2,56,400 -3,900

Platinum Rate in Lucknow for Last 10 Days

Date 1 gram 10 gram 100 gram
Jul 24, 2021 2,525.00 25,250.00 2,52,500.00 -39
Jul 23, 2021 2,564.00 25,640.00 2,56,400.00 -8
Jul 22, 2021 2,572.00 25,720.00 2,57,200.00 13
Jul 21, 2021 2,559.00 25,590.00 2,55,900.00 -13
Jul 20, 2021 2,572.00 25,720.00 2,57,200.00 -11
Jul 19, 2021 2,583.00 25,830.00 2,58,300.00 -42
Jul 18, 2021 2,625.00 26,250.00 2,62,500.00 -2
Jul 17, 2021 2,627.00 26,270.00 2,62,700.00 -60
Jul 16, 2021 2,687.00 26,870.00 2,68,700.00 -22
Jul 15, 2021 2,709.00 27,090.00 2,70,900.00 13

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Lucknow

  • Platinum Price Movement in Lucknow, June 2021
  • Platinum Rates 1 gram
    1 st June rate Rs.2,760
    30th June rate Rs.2,517
    Highest rate in June Rs.2,765 on June 2
    Lowest rate in June Rs.2,455 on June 19
    Over all performance Falling
    % Change -8.80%
  • Platinum Price Movement in Lucknow, May 2021
  • Platinum Price Movement in Lucknow, April 2021
  • Platinum Price Movement in Lucknow, March 2021
  • Platinum Price Movement in Lucknow, February 2021
  • Platinum Price Movement in Lucknow, January 2021

Platinum is a product with a background that is abundant and deep-rooted. Mined in Russia and South Africa, it was first used in Ancient Egypt more than 3,000 years ago in decorative applications. The metal was used to decorate Egyptian coffins, favoured for its extraordinary strength and durability. To decorate their artefacts, the South American Inca Indians also rendered use of platinum. With the Spanish invasion of South America, the importance of the metal was reduced, as it was deemed much inferior to silver by the Spanish people. It was not until the 1800s that, as a rare and cherished metal, platinum started to regain its initial standing. Today, for the setting of fine diamonds and other gemstones, it is considered as the pioneer alternative. Although there are several different places where gold and other metals can be found, mostly platinum is extracted from Russia and South Africa, rendering it a far rarer metal. Platinum is far more costly than the other metals used in the jewellery industry because of its quality, density, and sturdiness. In total, for a platinum ring, you can expect to spend about two to four times as much as you can for an 18-karat of gold ring.

Key takeaways of Platinum

Platinum has become synonymous with elegance and longevity, being thirty times rarer than gold and four times stronger.

  • 95% pure platinum and four times durable than gold
  • Hard-wearing and damage-resistant metal
  • For sensitive skin, hypo-allergenic properties make it perfect

Purity Of Platinum

For milestone jewellery, such as wedding bands and engagement rings, Platinum is the obvious alternative since it keeps significant gemstones better than any other luxury metal. Platinum is incredibly robust, meaning there's a tiny probability the diamond will be dislodged by prongs made from platinum. The perfect whiteness of the metal, whose dazzling lacquer becomes more attractive over time, even improves diamonds embedded in platinum. And platinum will never need to be re-plated, unlike white gold, which preserves its whiteness only after being plated with rhodium. You choose a product that is composed of a metal that is almost absolutely pure, 90-95 percent, when you pick platinum jewellery. Extracted from deep inside the Earth and processed with a minimum of other materials for jewellery use, the lustre, endurance and longevity of platinum is magnificent. Yet its purity, used at a ratio of 950 parts per thousand in the finest jewellery, makes platinum the finest metal found on the current market. Platinum has a higher concentration of the elemental metal as compared with the gold alloys widely found in jewellery. Pure gold is classified as 24 K, but in most jewellery it is much too fragile and pliable to wear, so it must be alloyed with other metals. White or yellow 14 K gold only comprises 58.5 percent of the actual metal and 75 percent contains 18K. Generally robust and malleable, to generate an alloy that can be processed, shaped and formed into the world's most beautiful jewellery, platinum only needs to be combined with the smallest amount of other platinum group metals. Platinum jewellery is either pure platinum, 90 percent or 95 percent. Glance at a piece of platinum jewellery inside and you can see the mark of purity. For the quality of any precious metal alloy, the Federal Trade Commission requires precise labels. A high-content platinum alloy will be labelled 950Pt, 950, platinum or platinum to protect American consumers, implying that it is at least 95 percent pure, natural platinum. To recognise because it is 95 percent pure platinum, it is also the only platinum alloy that can actually hold the "Platinum" stamp. Iridium, ruthenium or cobalt are other popular metals that represent the remaining 5 percent. 900 parts of platinum to 100 parts of other metals is another platinum alloy that is common in the United States. According to FTC rules, the mark for this unique alloy is 900Pt. In the United States, the purity stamp must also complement a brand's licensed hallmark. 

Purity comparison of Gold, Silver and Platinum

By following the below listed facts you can easily differentiate the purity level of three different and valuable metals:

Gold

  • Karats determine the purity or fineness of gold. Pure gold is extremely fragile, so metals such as silver, copper, nickel or zinc are usually alloyed or combined with gold jewellery.
  • Pure gold is deemed 24 karat gold (24k) and is surprisingly highly malleable. It has a gold fineness of 999.9 per thousand gold pieces. Parts of jewellery are not always made of 24 karat gold because they are not robust. However, because it is fragile, other base metals are often used in plating, which results in a dazzling appearance.
  • An alloy containing 75 percent gold and 25 percent other alloys is 18 karat gold (18k). The fineness of it is 750 per thousand pieces of gold. This suggests that alloy metals are the other 250 components. For jewellery making, this is an exceptional purity of gold as it blends pure gold with plenty of alloys to ensure reliability.
  • About 58 percent gold and 42 percent other alloys include 14-karat gold (14k). It has gold durability of 583 per thousand pieces. Due to its combination of elegance and affordability, this is the most prominent purity of gold.
  • Certain gold karatage can be alloyed to suit consumer desires.   

Silver

  • In its purest form, silver is extremely delicate and malleable, so it is often alloyed in limited quantities with copper in comparison to other metals to provide strength and toughness.
  • Pure Silver has the maximum silver concentration: 99.9%. While its shimmer is exceptional, it is reduced in intensity. Jewellery produced with this silver purity should not be worn every day.
  • A blend of 92.5% pure silver and 7.5% other metals is Sterling Silver (abbreviated as SS). Its fine efficiency is 925 parts per thousand. The most common silver metal used in jewellery manufacturing is Sterling Silver.

Platinum

Platinum is a precious metal that is highly dense and sturdy, which makes it the perfect choice for toughness, sustainability and attractiveness. Besides that, it is hypoallergenic, meaning it can be worn even by those with allergic skin. It must be made of at least 95 percent platinum metal, that is a purity of 950 parts per thousand, for jewellery to be called platinum. A label specifying the parts per thousand platinum contained in an item must be used in any piece of jewellery containing less than 95 percent platinum. For eg, 900 platinum (900 platinum or 900 pt.) will be classified as a piece containing 90 percent platinum, which is the equal of 900 parts per thousand platinum. This metal is favoured for placing diamonds in an extremely consistent setting due to its outstanding hardness.  

Facts to consider before purchasing platinum, gold or diamond

Some factors you should remember while purchasing precious metals and stones are purity, carat and cut. This will decrease the risk of fraud and let you sell back the jewellery. 

Diamond

A diamond's price relies on the 4 Cs-carat, colour, clarity and cut. The carat is the stone's mass, while transparency varies from the most desirable variants (I1, I2 & I3), internally perfect (IF), to inconsistent variants. Stones with very subtle additives (or impurities) (VVS1 & VVS2), very slight inclusions (VS1 & VS2) and tiny inclusions (SI1 & SI2) are found within this selection. The higher the impurity, the less the cost. A diamond is rated D with no colour and is the most costly. The ranking adjusts alphabetically from D to Z as the colour increases, and the value declines respectively. Whereas the strongest gem is diamond, it has a sharp division plane, which ensures that it will break or split if it is dropped or struck at a specific point. This is the reason why it should be carefully split and placed. 

The resale value of diamond: A diamond is hard to cut and can be used again because it has a poor resale value. In fact, it is deemed to be almost insignificant if such jewellery is purchased without a certificate. The certification demonstrates how on all the 4 Cs, the stone grades. The majority of branded shops just buy back the diamonds they sold. They usually pay 85 percent of the prevailing rate, minus the making costs, which are 7-30 percent of the price of the jewellery.   

How to purchase Platinum?

For the first and only time, the embodiment of luxury was known to be gold.

All special events were identified by the yellow gold, namely anniversaries and weddings. They are purchased, gifted, and delivered over from one era to the next. The tone cuts steadily. Men, both as jewellery and as savings, also buy gold. Yet another metal has taken the place of gold when it comes to buying jewellery to mark special events. Platinum, indeed! Do you know this white metal is called Royals of Metals? It is recognised for its uniqueness, lustre, intensity and flexibility. Small surprise, for their marriages and weddings, individuals are gradually preferring platinum rings. You know, sturdy metal to signify the start of a durable bond. Are you going to purchase rings, chains, or bracelets made of platinum? There are a few things that you need to remember. To help you make an educated decision, here's a detailed guide. Although recently, platinum may have acquired popularity, it is not a modern metal. It was found millennia ago, but was not utilized until about 200 years ago to craft jewellery. Ancient Egyptians are believed to have been the first to establish items out of platinum. However, as time passed, the method of dealing with this metal was abandoned. 

Tricks to identify pure Platinum

Platinum is pricey, but you need to make careful that the jewellery you purchase is really platinum. You can buy white gold or silver in place of platinum if you are not smart. To help you recognise the metal, here are a few suggestions.

Hallmark of platinum: One of the first factors to check for is the platinum hallmark on a piece of jewellery. This is either written as Pt or as PLAT. To signify its purity, it may be preceded or accompanied by numbers such as 900,950 or 999. Most platinum jewellery is labelled as Pt950 in India. Even, for each piece of jewellery you buy, focus on a quality assurance certificate.

Make a scratch test of platinum: This measure helps differentiate between silver and platinum. As opposed to the above, platinum is a durable product. Run the nail over the surface while you buy jewellery. It is not pure platinum if the metal scratches. If a scratch occurs it may be silver or platinum alloyed with silver. 

Make a magnet test: Do you know that precious metals are non-magnetic, like platinum? So to decide if the metal you purchase is authentic or not, you can use the magnet test. Bring it up to a magnet to test the purity of the platinum. The jewellery is not platinum or is a platinum alloy if it reacts to the magnet.    

 

 

  

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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