Precious Metals - Which one is suitable for you?
Precious Metals occupy an important investment option during festivals and ceremonies. Gold and Silver are considered the safest and liquid everywhere. There are other precious metals too like Platinum and Palladium. Selection of any of this metal depengs upon budget, time frame for investment, end use or purpose and saftey conditions required to store the same. Keeping huge amount of Gold or Platinum may be risky and keeping it with banks would cost you some amount.
Silver: Silver is priced less comparing to Gold, Palladium and Platinum. Silver is mostly used in Temples, for vessels by rich and royal families. It is even used for making Jewellery Demand for silver is consistently growing.
Gold: One of the rarest and widely used metal, Gold has been shining since old ages and centuries. Gold is used for making jewellery, coins and in religious places. Gold prices have some fluctuations depending upon the demand and supply and any country's financial health is measured by the Gold reserves possessed by it.
Platinum: The rarest metal in world, Platinum is gaining its popularity for making white jewelery. The white shining metal is strong and durable. It is even used for industrial applications and making tools. Platinum rings and chains are in fashion currently and used with real diamonds due to its shining and white colour. Platinum is costlier than Gold and Silver and has less liquid for reselling. It is available at large showrooms and malls and not with small retail jewelers.
Palladium: This is the least popular metal comparing to the other three. Its qualities are like Platinum, however, it is priced lesser than Platinum, and gaining some popularity due to strength and durability.
One can find the prices of metals on internet, as many of the sites and portal provides latest international, domestic and local prices.