How do I buy platinum options?
There are several ways to invest in platinum, with the first being through the direct purchase of physical platinum bars or platinum coins through a bullion dealer. Another investment option is the WPIC and BullionVault’s online physical platinum market, which is open 24 hours a day, seven days a week.
Is platinum a good investment in India?
What makes platinum a good investment avenue is the huge supply-demand mismatch. Globally, platinum output is a mere three million ounces, which is not even a tenth of yellow metal’s output. In India, however, you have only two options—platinum bullion, coins or jewellery and futures trading on a commodity exchange.
Can you buy pure platinum?
Platinum bullion bars and coins are easy to buy, sell and store, and are traded worldwide, making them an asset that is not tied to or dependent on one government or country. The standard platinum bar, also referred to as a platinum ingot, is 10 troy ounces of pure .
Is platinum a good metal to invest in?
Platinum is dense, malleable and ductile. Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
Can platinum be traded?
The trading of platinum is global, as it is traded from the New York Mercantile Exchange (NYMEX), through the Chicago Board of Trade (eCBOT) and all the way to Asia with the Tokyo Commodity Exchange (TOCOM). The platinum market is open for trading from 22:00 to 20:59 GMT.
Can platinum be resold?
Platinum, which used to trade at a premium to gold, has fallen below the yellow metal. Platinum also has poor resale value as only a limited number of shops buy it back. Besides, compared with gold jewellery, making charges, close to Rs 500 per gram, are much higher for platinum jewellery.
How much does 1kg of platinum cost?
Platinum Price in USD per Kilogram for Today
| Current Price | $32,858.06 |
|---|---|
| Today High | $33,179.58 |
| Today Low | $32,504.41 |
| Today Change | $-257.21 (-0.78%) |
How do you buy and sell platinum?
How to sell platinum in 2 easy steps. Just as you might sell gold or silver, you can sell platinum in a number of ways. The most common of these is to bring your silver to a pawn shop, a metals exchange, consignment shop, a local jeweler, or by using an online website.
Why does it cost so much to make Platinum in India?
The second reason is that India does not have platinum reserves, and usually imports the metal mainly from South Africa. All these factors contribute to high making charges. Making charges in India range between 11% and 25% of the cost of platinum.
Which is a better investment gold or platinum?
Platinum, used widely in vehicular catalytic converters and for jewelry, isn’t quite as major an investment metal as gold or silver. Nevertheless, this metal can be a good investment. Historically, its price has been above that of gold, though gold has outperformed platinum in recent years.
Why is platinum a good commodity to trade?
The greyish-white metal is one of the most intriguing commodities because its user base defies simple categorization. Business sectors such as the automotive industry demand platinum for use in catalytic converters, while traders covet the metal as a financial asset and store of value.
Where does Johnson Matthey India import platinum metal?
Johnson Matthey India Pvt Ltd imports Platinum Metal and its variants namely TETRAMMINE PLATINUM HYDROGENCARBONATE (NOBLE METAL COMPOUND). The company imports Platinum Metal mainly from United Kingdom. The consignments are generally shipped by exporting companies from London Ports.
