Interactive Platinum Rates Today

Platinum Rate Today: Today's Platinum Price at a Glance! If you’re considering investing in platinum, it's essential to stay updated on current market rates. As of today, Current Platinum Price in Bangalore is:

₹ 2,593 per gram
₹ 25,930 per 10 grams

Understanding Platinum Jewelry in Bangalore
Platinum is a unique white metal known for its purity, often found in jewelry at around 95% purity. Unlike gold, which may require rhodium plating for color, platinum maintains its white hue without additional treatments, making it incredibly durable. This sturdiness contributes to the perception of weight; a platinum ring can feel heavier than a 22ct gold ring of the same design. However, it's important to note that platinum is significantly more expensive—often costing nearly double that of an 18ct white gold ring when comparing similar styles. For those in Bangalore considering a premium jewelry option, platinum offers both lasting quality and distinctive elegance.

Current Platinum Rates in Bangalore

Marketadvicer.com provides daily updates on platinum rates in Bangalore, reflecting fluctuations based on market conditions. Here’s a quick overview of the current pricing and measurement conversions:

Forms of Platinum Available:
1 Gram
10 Gram
100 Gram

Pricing Fluctuations
Like gold, platinum prices vary daily, although the extent of these variations can differ. It’s essential to check for the most accurate rates, which marketadvicer.com aims to provide.

Important Notes
The prices listed on this page are subject to change and do not guarantee accuracy.
This information is not intended as investment advice. Always consult with an authorized financial advisor before making investment decisions.

Measurement Conversions
For your convenience, here are the conversions for platinum measurements commonly used in Bangalore:

1 Gram = 1000 Milligrams
1 Tola = 11.6638038 Grams
1 Sovereign = 8 Grams
1 Pavan = 8 Grams
1 Ounce = 31.1034768 Grams
1 Kilogram = 1000 Grams

Purchase Options
Bangalore jewelry shops buy and sell platinum in various weights, including grams, tolas, sovereigns, pavans, ounces, and kilograms. Platinum bars are typically sold in kilograms, while biscuits are available in ounces. Platinum coins are marketed in grams, tolas, sovereigns, or pavans.

For the most accurate and updated platinum prices, regularly check marketadvicer.com or your local jeweler in Bangalore.

Difference between Platinum, White Gold, and Silver

Platinum, white gold, and silver are three distinct metals, each with unique properties, characteristics, and uses. Here’s a breakdown of their differences:

Composition and Rarity
- Platinum (Pt):
Platinum is the rarest and most valuable of the three metals. Typically found in purity levels such as Pt 950, it contains 95% platinum and 5% other metals.
It is approximately 30 times rarer than gold.
- White Gold (Au):
White gold is an alloy made by mixing pure gold with metals like nickel, palladium, or silver to achieve a white hue. The gold content is often denoted in karats (e.g., 18k, which contains 75% gold).
It is not naturally white; the white appearance comes from the alloying process and often from rhodium plating.
- Silver (Ag):
Silver is the least expensive and least rare of the three. Sterling silver, the most common form, is made up of 92.5% silver and 7.5% other metals, usually copper.

Weight and Density
- Platinum:
Platinum is about 40% heavier than white gold and is denser, making it feel more substantial when worn.
- White Gold:
White gold is lighter than platinum but still heavier than silver. Its weight depends on the specific alloy mix.
- Silver:
Silver is the lightest among the three, making it more comfortable for everyday wear, but also less durable in high-wear situations.

Durability and Hardness
- Platinum:
Platinum is extremely durable and resistant to scratches. It does not lose metal when scratched; instead, the metal is displaced, meaning its weight remains relatively unchanged over time.
- White Gold:
While white gold is durable due to its alloy composition, it can lose its luster over time, especially if the rhodium plating wears off, leading to a yellowish or creamy appearance.
- Silver:
Silver is softer and more malleable than platinum and white gold, making it more prone to scratches and dents. It requires regular polishing to maintain its shine.

Color and Appearance
- Platinum:
Naturally white and retains its color without the need for plating. It develops a patina over time that many find appealing.
- White Gold:
Initially appears bright white due to rhodium plating, but this can fade, revealing a warmer, creamier tone beneath.
- Silver:
Silver has a bright, shiny appearance when polished, but it tarnishes over time, developing a dark patina if not maintained.

Cost
- Platinum:
Generally, platinum is about 50% more expensive than gold due to its rarity and density.
- White Gold:
Typically less expensive than platinum but can vary based on the gold content and alloying metals used.
- Silver:
Silver is the most affordable option, making it a popular choice for fashion jewelry and everyday wear.

Uses of Platinum

Platinum is a shiny, silvery-white metal known for its unique properties and versatility. Here are some of the primary applications of platinum across various industries:

Jewelry:
Platinum is extensively used in the manufacture of high-end jewelry due to its durability, hypoallergenic properties, and attractive appearance. Its resistance to tarnishing makes it an ideal choice for engagement rings and wedding bands.

Catalytic Converters:
One of the most significant uses of platinum is in catalytic converters for cars, buses, and trucks. Platinum effectively converts harmful emissions from a vehicle's engine into less harmful waste products, playing a crucial role in reducing air pollution.

Chemical Industry:
In the chemical industry, platinum serves as a catalyst in the production of various chemicals, including silicone, nitric acid, and benzene. Its ability to withstand high temperatures and corrosive environments makes it valuable in these applications.

Fuel Cells:
Platinum is utilized as a catalyst to improve the efficiency of fuel cells, which convert chemical energy from hydrogen and oxygen into electricity. This application is particularly important in the development of clean energy technologies.

Electronics:
In the electronics industry, platinum is used in the production of computer hard disks and thermocouples. Its conductivity and resistance to corrosion make it suitable for these sensitive applications.

Medical Applications:
Platinum compounds, such as cisplatin, are among the most important chemotherapy drugs used to treat various types of cancer. These compounds work by interfering with the DNA in cancer cells, preventing them from dividing and growing.

Other Industrial Uses:
Platinum is also employed in a variety of industrial applications, including the manufacturing of laboratory equipment, electrical contacts, and thermometers. Its properties ensure longevity and reliability in these demanding environments.

Platinum vs. Silver: A Comparative Overview

Historical Context: Both platinum and silver have been used for thousands of years, dating back to over 3000 BC. While silver once held significant value, often surpassing that of gold as a currency, platinum has emerged as a premium metal due to its rarity and unique properties.

Properties:

Platinum:
- Rarity and Value: Platinum is an expensive and rare metal, making it highly coveted in both jewelry and industrial applications.
- Durability: It is exceptionally durable, resistant to corrosion and discoloration over time, which enhances its appeal for fine jewelry.
- Alloy Composition: Platinum is often alloyed with metals such as copper, cobalt, iridium, palladium, and ruthenium. The purity levels of platinum alloys typically range between 85% and 95%. Metals with less than 80% purity are not classified as platinum.

Silver:
- Commonality and Value: Silver, once considered more valuable than gold, is more abundant and therefore generally less expensive than platinum.
- Softness: In its pure state, silver is soft and pliable, which makes it less suitable for certain types of jewelry without modification.
- Alloy Composition: To enhance strength and durability, silver is commonly alloyed with metals like nickel, copper, and zinc. Sterling silver, which consists of 92.5% silver and 7.5% alloys, is the most widely used form of silver jewelry. Fine silver (99.9% pure silver) is softer and less durable, making it unsuitable for everyday wear items like rings.

Uses in Jewelry:

Platinum Jewelry:
- Known for its luxurious appeal, platinum jewelry is often chosen for engagement rings and high-end pieces due to its strength and lasting luster.
- The hypoallergenic nature of platinum makes it ideal for individuals with sensitive skin.

Silver Jewelry:
- Silver is widely used in a variety of jewelry designs, from casual to elegant pieces.
- Its affordability allows for a broad range of styles and is popular for both everyday wear and special occasions.

Market Trends:
- Price Dynamics: The prices of platinum and silver are influenced by various factors, including market demand, mining output, and economic conditions. Platinum tends to be more volatile due to its lower supply and higher demand in industrial applications, particularly in automotive catalytic converters.

Discovery and Characteristics of Platinum

Discovery: Platinum was first discovered by Antonio de Ulloa in South America in 1735, with further identification by N. Wood in 1741. This precious metal, a member of the platinum group of metals, is one of the rarest elements found in the Earth's crust, occurring at about one millionth of one percent.

Natural Occurrence: Platinum is typically found in alluvial deposits, particularly in the Ural Mountains of Russia, as well as in South Africa, Canada, and some areas of the western United States. Its extraction is often linked to nickel mining, as platinum can be recovered in small quantities from nickel ore—approximately one part of platinum for every two million parts of ore.

Physical Properties:
- Appearance: Platinum is an attractive silvery-white metal, often associated with luxury and elegance.
- Melting Point: 1,774 degrees Celsius (3,224 degrees Fahrenheit), making it suitable for high-temperature applications.
- Density: 21.45 g/cm³ at room temperature, which is significantly higher than gold, giving it a substantial weight and feel.
- Thermal Expansion: Exhibits thermal expansion similar to that of soda-lime-silica glass, which is advantageous in certain industrial applications.
- Oxidation States: Predominantly exists in +2 and +4 oxidation states, which influence its chemical reactivity.

Chemical Resistance: Platinum is chemically inert, meaning it does not oxidize in air at any temperature, and it is resistant to corrosion and tarnish. It will not be attacked by any single mineral acid but can dissolve in aqua regia, a mixture of hydrochloric and nitric acids, which highlights its unique chemical properties.

Uses: Due to its inertness, strength, and aesthetic appeal, platinum is widely utilized in various applications:
- Jewelry: Platinum's durability and hypoallergenic properties make it a popular choice for high-end jewelry, including engagement rings and wedding bands. It is often alloyed with metals like palladium or iridium to enhance its properties.
- Dentistry: Used in dental crowns, bridges, and other dental appliances due to its biocompatibility and resistance to wear.
- Laboratory Equipment: Employed in the production of crucibles and evaporating dishes because of its ability to withstand extreme conditions.
- Catalysis: Platinum serves as a catalyst in the contact process for manufacturing sulfuric acid from sulfur dioxide and oxygen. Its catalytic properties are also exploited in automotive catalytic converters to reduce harmful emissions.

Market Value: Platinum is generally more expensive than gold, with prices influenced by its rarity, extraction difficulties, and market demand. Annually, approximately 1,500 tons of gold are mined compared to only 160 tons of platinum, making it a highly sought-after metal. Its density means that platinum jewelry is typically heavier than gold, which can add to its perceived value and desirability.

Investment Considerations: Platinum's status as a precious metal often draws investors looking for diversification in their portfolios. Its prices can be volatile, influenced by factors such as industrial demand (especially from the automotive sector), mining output, and economic conditions.

Cultural Significance: In addition to its industrial and investment value, platinum holds cultural significance in many societies, often symbolizing luxury, wealth, and status. It is frequently chosen for high-value gifts and significant life events, reinforcing its reputation as a premium metal.