Mineweb reported on platinum trading in India where the white metal has started gaining on gold.
As quoted in the market news:
Conventionally, platinum prices have always been ahead of gold but the upsurge in gold prices in recent years has brought the two precious metals closer and closer together.
According to the Platinum Guild International, there are close to 422 outlets in India offering platinum jewellery. Moreover, an increase in retail outlets offering platinum and rising consumer purchases have driven platinum jewellery demand up by a third to 2.5 tonnes in 2011.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.