How Much Does Platinum Cost In South Africa 2024-2025
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata “silver.”
How Much Does Platinum Cost In South Africa
South Africa Platinum Price: Rand data was reported at 11,251.710 ZAR.
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Related Indicators for South Africa Platinum Price: Rand.
| COUNTRY/REGION | LAST |
|---|---|
| South Africa Platinum Price: Rand (ZAR) | 11,329.52 |
Is platinum cheaper than gold?
Currently, one gram of platinum costs Rs 3,062 compared with Rs 3,178 for gold (as on 24 October). “Since the price of platinum is lower than that of gold, it’s a favourable time to buy it,” says Prithviraj Kothari, president, Bombay Bullion Association.
Why is platinum so expensive?
The main reason for this is that precious metals are priced by weight, and platinum is much denser than gold, meaning it will be heavier. Another reason why platinum rings are more valuable than gold is because the metal is much rarer.
Is platinum easy to scratch?
Platinum Scratches Easier than 14k Gold
Despite being more durable, platinum is actually a softer metal than 14k gold. This means it will scratch a little easier than 14k gold. When platinum is scratched, the platinum only gets moved from one place on the ring to another.
Can platinum rust?
Known as the precious metals, platinum, gold and silver are all pure metals, therefore they contain no iron and cannot rust. Platinum and gold are highly non-reactive, and although silver can tarnish, it is fairly corrosion-resistant and relatively affordable by comparison.