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Platinum Rate in Mumbai (24th July 2021)

Jul 24, 2021
2,564 /Gram -8


Today Platinum Price Per Gram in Mumbai (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,564 2,572 -8
8 gram 20,512 20,576 -64
10 gram 25,640 25,720 -80
100 gram 2,56,400 2,57,200 -800

Platinum Rate in Mumbai for Last 10 Days

Date 1 gram 10 gram 100 gram
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
Jul 14, 2021 2,696.00 26,960.00 2,69,600.00 37

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Mumbai

  • Platinum Price Movement in Mumbai, 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 Mumbai, May 2021
  • Platinum Price Movement in Mumbai, April 2021
  • Platinum Price Movement in Mumbai, March 2021
  • Platinum Price Movement in Mumbai, February 2021
  • Platinum Price Movement in Mumbai, January 2021

Everlasting is Platinum and naturally white, this pure metal does not besmirch or fade down over time and will last a lifetime. It is the ideal present to honour happiness. A Quality Assurance Card comes with a piece of platinum jewellery and bears the "Pt 950" purity hallmark engraved inside the product. For today's individual, luxurious platinum is the ideal choice; it is exquisite, durable and elegant, but it has special ability and durability. The best way to reflect your own personality, intensity and elegance is to use luxurious platinum. When buying your platinum jewellery, this guide addresses the questions you may have. 

Eternal quality of Platinum

Platinum is unique, with eternal visage and consistency. The unprecedented durability and wear resistance of Platinum makes it the best and most durable metal, which ensures that your jewellery can be covered for a lifetime of wear. Platinum does not change its form or wear away, so precious gems are kept tightly and safely. Platinum's density makes it more robust than most other jewellery metals like gold.

Purity

Platinum is pure, perfectly white and pleasant to the eyes. Platinum is a metal that is naturally white, so it can not reflect a diamond with any of its own pigment.  As platinum is so pure, it is naturally hypoallergenic and perfect for people with sensitive skin. Typically, 95 percent pure (by comparison, 18-karat gold is 75 percent pure), platinum never stains or debases but maintains its natural white shine for a lifetime. 

Platinum's purity is not measured in Karats but in thousands of parts. Pure platinum is 1000 out of 1000 parts pure, while 950/1000 parts pure is the most common alloy used in India. Explained in percentage, this equals 95 per cent purity. Though platinum alloys of as low as 585/1000 parts are authorised by some countries, the Indian quality norm is fixed at a minimum of 950 parts. Hypoallergenic and completely tarnish-resistant, Platinum is. However, after long and intense years of wear, platinum jewellery retains its colour (no plating required), shine and weight, and is almost entirely maintenance-free, particularly in comparison to gold and silver, both of which are precious metals that need to be re-polished at frequent intervals to preserve their polish and allure.

Platinum has been identified since millennia, but it is a new precious metal in the present high purity form, as platinum melting and processing technology are less than 200 years old, to today's high purity norms. Because of its impressive intensity and attractiveness, the metal has achieved growing fame. However, because of its high density, along with its high purity commands a much higher premium, it remained an exclusive jewellery material than, for example, 18-Karat white gold. Platinum will cost roughly twice the amount of 18-karat white gold created in an equal design.   

Versatile: With outstanding properties that have spurred to incredible uses, Platinum is flexible. The best jewellery makers on the planet have always favoured dealing with platinum, from Fabergé to Cartier. Its extraordinary foldability enables it to be stretched out to a fine wire, allowing complicated platinum wire accessories to be made that could not be crafted from other valuable metals. 

Rare: Platinum is precious, a luxury desired for decades by prominent individuals. Platinum is 30 times rarer than gold, available in very few locations around the world. Platinum jewellery is unique, a symbol of uniqueness, only desired by others in the field.

Platinum and other metals: Platinum strengthens a diamond's shine with a white lustre that never weakens. The excellent toughness of Platinum ensures it's the most stable relationship for precious gems. The price and value of the ring will directly influence the size, colour, transparency and cut of a gem. Platinum is a white metal that can never lose its dazzling lustre, undoubtedly. White gold is an alloy that uses yellow gold to produce it. White gold is identical to platinum, but to preserve its white appearance, it typically has to be re-plated over time, causing more cost. To signify that it is platinum of high purity, there is a sign or label that must be shown on a piece of jewellery. In India, the mark you need to look for is P950.     

Platinum Vs Gold

The two most widely used metals for marriage and engagement rings are gold and platinum. Both metals are distinct in many aspects but identical. In beauty, cost, durability, and convenience, let's look at how gold and platinum differ to each other.

Appearance

The primary physical identifying feature between gold and platinum is colour. However, the platinum is white naturally, gold is yellow generally. If you want a yellow ring, then the better choice is gold (also called yellow gold). That being said, you can go for platinum or white gold if you want a white ring. Gold, alloys, and a rhodium plate are made of white gold rings, which makes it a white appearance that is somewhat identical to platinum. 14k white gold and 14k yellow gold have the same quality and purity of gold (58.5% gold), but white gold alloys (and the rhodium plating) make white gold look white, whereas yellow gold alloys do not. Although white gold appears very close to platinum, the white gold rhodium plating can wear off and blend to a yellowish undertone over time. The white gold ring will appear white again once you re-polish and re-plate it. The naturally white platinum will not fade away. There is a big issue of white gold turning yellow in general.       

Cost and Durability

Although the price per gram of gold and platinum is nearer, platinum is more abundant and so more of it is needed to create a ring.

Furthermore, platinum rings are normally 95 percent pure platinum, although just 58.5 percent gold is 14k gold (18k gold is 75 percent gold). Platinum rings are however, more pricey. 

Although both gold and platinum are highly prized metals that are durable and robust, platinum is the tougher and more sturdy of the two. The prongs keeping the core stone of a platinum engagement ring, for instance, are less likely than that of a gold engagement ring to crack or detach. Platinum is a softer metal than 14k gold, while it being tougher and more robust. This implies that it would be damaged a bit better than it will be for 14k gold. When gold is scratched, though an important point to remember is that the gold is missing and it appears like a scrape. The platinum is relocated from one position on the ring to another as platinum is distorted, and it produces something called a patina finish (which appears like an old or used ring). The patina texture is loved and wanted by many individuals as well. The wonderful factor is that re-polishing your jewellery will help to recover all platinum and gold to the ring back to its original appearance. 

As stated above, platinum will always remain white in colour, but to prevent a yellow hue, white gold needs to be re-polished and re-plated regularly. Usually this yellow colour also seems several months to several years after polishing, based on how much the ring faces are allowed to wear and shredded. Make sure you choose 14k gold and not 18k gold if you consider to go with gold. Although 18k gold is more worthwhile, it is softer and simpler to scratch than 14k gold. 14k gold is affordable and more resistant to scratching. 

Comfort with Gold and Platinum

Platinum rings will be bulkier than gold since platinum is more dense than gold. The heavier weight is preferred by many but a few find the lightness of gold rings more pleasant. But in case of comfortable and pleasant to wear we can’t suggest you which one will be best, it’s up to you completely. For people looking for a comfortable ring, one alternative is to step for one with a pleasant design. One additional advantage of platinum is that it is hypoallergenic. While for most individuals, gold rings do not create an allergy troubles, some may develop an allergic response from the nickel alloy utilised in gold rings.    

Key differences between gold and platinum

Choosing between gold and platinum can be interesting when it is time to buy a ring because they have certain similarities. Both of them are precious, elegant, durable and flexible. A selection of designs, gems, and skin tones are complemented by all precious metals. You will know how to pick between gold and platinum by being familiar with the past behind these two precious metals and knowing their variations in value, appearance and essential treatment. On the continent, gold can be extracted, but the bulk of it is located in Africa and India. Very is seldom this precious metal contained in a pure form. Alternatively, in order to be useful, it is almost always combined with other metals and minerals and needs to be processed. Gold is processed several times during the extraction process and often blended with an alkaline cyanide solution to eliminate secondary metals, minerals and contaminants. Pure gold, a dense yet light and adaptable precious metal with a bright yellow in colour, is steadily produced by the refining process. A little more than 50% of all processed gold goes to jewellery. Gold bullion and coins are the majority, as well as the electrical cables utilised in some fields. To develop gold mixtures or alloys, gold designed for the jewellery market is usually combined with other precious metals. Jewellers develop these alloys because gold is fragile in its pure state and can be scratched and malformed effectively. In contrast, gold mixtures are much smoother and can handle more than a lifetime of the bumps and bruises of casual outfits.      

Interesting Facts about Platinum

The following are the interesting facts about platinum metal:

  • Platinum is a highly prized white metal. It got the Spanish name Platina which means little silver.
  • The metal exists in pure native form. Hence it has been known to human beings for a very long time.
  • As per the evidence, platinum was known to mankind dating back to the pre-Columbian natives.
  • The percentage of platinum found in moon rocks and meteorites are higher than the percentage found on the earth’s surface.
  • Platinum is a rare metal. Its purest element can be found on the alluvial deposits.
  • Platinum can also be extracted from the refining process of copper-nickel ores.
  • The platinum metal exhibits many properties of a metal.
  • The colour of platinum is silver-grey.
  • It is shiny, malleable, ductile and dense.
  • When alloyed with cobalt, the resulting mixture can be used to make strong permanent magnets.
  • It does not oxidize at any temperatures and is unaffected by most of the acids.
  • The metal’s ability to resistant and corrosion has made it a good choice for jewellery and to make mass standards.
  • It is considered non-toxic and hence it has found its usage in dental crowns.
  • It has also found its usage in medicines as an anti-tumour agent.
  • Platinum metal is safe for its usage in jewellery.
  • Platinum is used as an investment option and also in currency.
  • In the lines of gold and silver, platinum also has created a niche market for itself in the jewellery industry.
  • The metal is an important catalyst for chemical reactions like petroleum cracking, catalytic converters in vehicles.
  • Platinum is also used for converting methyl alcohol into formaldehyde. It can absorb considerable volumes of hydrogen.
  • Platinum can be physically produced when nickel metal is refined from nickel and copper ores.
  • Platinum can be scratched, but it does not scratch in the same way as gold.
  • The metal does not lose its physical attributes owing to tarnishing. Due to this reason and resistance to corrosion, it has found its usage in the jewellery market.
  • It is one of the costlier metal and hence it is considered a notable precious metal.
  • The annual production of platinum to be only a little more than 100 tons.
  • Around 50% of the platinum metal unearthed from mines and purified every year will be used for industrial applications.
  • The metal has found its usage in the manufacturing of chemotherapy based drugs, dental implants, medical devices and so on.
  • Platinum does not naturally oxidize in the air. But it may corrode when it comes in contact with halogens, sulfur, cyanides.
  • It has a significant high melting point of 3,125℉ (1,769℃).

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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