At a time when gold prices beat historical records, platinum emerges as an attractive alternative to both jewelers and investors. The white precious metal valued more than 30% this year, above the 27% appreciation of gold in the same period – but it remains cheaper.
The proverb says that not all that shines is gold-and in recent months the platinum has given it reason.
With prices to surround the € 35 per gramthe precious white metal valued 30% this year, above the 27% increase in the price of gold – whose time of this edition is at 96.5 € per gram.
According to analysts from Bank of America cited by, the rise in platinum prices is not just the accompany the goldbut reflects above all a supply scarcity and a growing demandparticularly not JOBAL SECTOR.
“After years of demand in declinethere is evidence that interest in platinum jewelery is now recovering in China, ”analysts observed in a recent report. China, one of the world’s largest consumers of gold, imported 11.5 tons of platinum In April – its largest monthly volume in a year.
This change suggests that jewelers are actively diversifying As gold becomes increasingly expensive. Bank of America estimates that even a modest Transfer of 1% of gold to platinum jewelery could double the supply deficit From platinum to 1.6 million jaguars – about 45,000 kg.
Unlike gold, the platinum benefits a diversified demand in various sectors of the economy, including the Automobile and Electronic Industrywhich provides additional support to the growth of its price.
The jewelery industry can follow the path of the music industry – which has long established a platinum disk is worth much more than a gold album.
The wide valorization of precious metals occurs in a context of significant geopolitical instability, including the ongoing war in Ukraine.
Gold prices above 3,500 euros per jaguar in April, driven by Chinese demand during the economic slowdown of the country and uncertainty around the second term by Donald Trump as president two United States.
However, note the insider, Other precious metals They are also registering gains in this environment.
Os Silver prices increased by 25% This year, although the impetus has been harmed by a slowdown in the production of solar panels – that this metal is a crucial component due to its excellent electrical conductivity.
