First, why is platinum worthless now?
Platinum is worthless for several reasons.
1, industrial demand declined.
Platinum is generally used in jewelry, automobile, industry, investment and other fields. The cost of platinum is too high. Now a lot of platinum will be replaced by palladium, and the demand for platinum will be reduced.
2. Lack of monetary attributes
Platinum has no monetary attribute, only the characteristics of precious metals, which has low international recognition, can not hedge and maintain value, and has small market demand. Is the>& gt diamond ring holder platinum or gold?
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3, the recycling price is low
Platinum is a very precious metal with high density and pure white luster. It is often designed with diamonds. Platinum has a higher melting point, energy consumption and technology than gold, but it is precisely because of its high melting point and high hardness that general gold shops do not have the ability to detect and melt platinum, so some gold shops do not support the recovery of platinum.
4. Reduced market demand
The price of jewelry is related to the international market. If the market demand for platinum is large, the price will increase accordingly. However, in recent years, the International Platinum Association rarely promotes platinum, which reduces the price and market demand of platinum.
5. Low value preservation.
Platinum itself has fewer realization channels than gold, less financial attributes endowed by society, and the secondary market is not perfect enough, so it appears more in the form of jewelry, and its value-keeping ability is far less than that of gold. & gt& gt How to choose a platinum diamond ring? A guide for lazy people to buy platinum diamond rings
Second, how much is a gram of platinum?
The price of platinum is also affected by the international gold price.
Xiaoxi made a query for everyone. By February 27th, 2022, the price of China gold PT950 platinum is 365 yuan/gram, and the price of platinum recovery is 265,438 yuan +04.53 yuan/gram, which is much cheaper than gold. In addition, the price of a platinum ring in the market is basically between 1300~ 1800 yuan.
The above is the answer to why platinum is worthless now. I hope I can help you.