New Delhi: At a time when everyone’s focus is on the skyrocketing gold and silver prices, platinum has also recorded a significant surge. Platinum prices rose by nearly 70 percent this year, while gold recorded a rise of 51 percent and silver jumped 58 percent.

Although platinum prices have increased, the rates are still 28 percent below their peak of $2250 per ounce in May 2008. Platinum prices went down 8 percent each year in 2023 and 2024, while 2022 saw a modest increase of 10 percent.

Why did platinum prices rise?

The surge in platinum prices is due to a supply shortage and increased industrial and investment demand. This is likely to keep platinum prices rising for a long time. “Platinum is now catching up with gold. Some time ago, platinum was more expensive than gold. Now,

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