Why platinum is more expensive than gold

Platinum is a pure precious metal. Platinum in jewelry refers to platinum alloys. Platinum is rare, pure, and eternal. Platinum has always been at the forefront of fashion. It is sought after by many men and women who like fashion. But gold, which is also a precious metal, is much worse in comparison. Why is platinum more expensive than gold? Platinum is a pure precious metal. Platinum in jewelry refers to platinum alloys. Platinum is rare, pure, and eternal. Platinum has always been at the forefront of fashion. It is sought after by many men and women who like fashion. But gold, which is also a precious metal, is much worse in comparison. Why is platinum more expensive than gold? The reserves of platinum are rarer than gold in nature. According to incomplete statistics, the total reserves of platinum in the world are about 14,000 tons (the total reserves of platinum group element mineral resources are about 31,000 tons), although there are more than 60 Platinum mines have been discovered and mined in all countries, but their reserves are highly concentrated in South Africa and the former Soviet Union. Among them, the platinum reserves in South Africa (Azania) are about 12,000 tons. The Trantuwa platinum deposit is the most famous and the largest platinum deposit in the world; the platinum reserves in the former Soviet Union are 1,866 tons, which was once located in the Ural sands. Excessive weight of 8-9 kg of natural platinum was found in the platinum mine, and 427.5 grams of natural platinum was also obtained in the original wilderness. The total reserves of the two account for 98% of the world's total reserves. The annual output of platinum in the world is only 85 tons per year, which is far less than that of gold. In addition to the high melting point of platinum, it is more difficult to purify and smelt platinum than gold, and consumes more energy, so its price is more expensive than gold. In addition, it is necessary to explain why platinum is more expensive than gold, as well as the metal characteristics of platinum itself. Platinum is recognized as the king of precious metals. It is extremely dense, never fades, and has advantages that other metals cannot match. And platinum and diamonds are a perfect combination, and the silver-white metallic temperament of platinum can best set off the dazzling light of diamonds. Why is platinum more expensive than gold? The refining process of the two is different. Platinum has a high melting point, so it is more difficult to purify and smelt platinum than gold, and it consumes more energy. 10 tons of ore can only be refined into 1 ounce of platinum in 8 weeks, while 1 ounce of gold only needs 5 tons of ore for 5 days. Previous: What is the difference between 18K gold and platinum diamond ring Next: What kind of pendant is suitable for platinum necklace