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Q.

Why platinum is so costly

Tags: platinum
Asked by aayush jaiswal, 17 Sep '07 04:28 pm
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Answers (4)

1.

Because of its superb properties and more importantly because it is rare material.
Answered by Sushant Santra, 17 Sep '07 05:22 pm

 
  
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2.

The metal platinum is rare metal available from earth and the demand supply gap of this metal is more.
Answered by anil jagannath moghe, 18 Sep '07 10:47 am

 
  
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3.

Bcause of its brilliance and scarcity
Answered by Vivek, 17 Sep '07 08:20 pm

 
  
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4.

A heavy, malleable, ductile, precious, grey-white transition metal, platinum is resistant to corrosion and occurs in some nickel and copper ores along with some native deposits. Platinum is used in jewellery, laboratory equipment, electrical contacts, dentistry, and automobile emissions control devices
When pure, the metal appears greyish-white and firm. The metal is corrosion-resistant. The catalytic properties of the six platinum family metals are outstanding. For this catalytic property, platinum is used in catalytic converters, incorporated in automobile exhaust systems, as well as tips of spark plugs.

Platinum's wear- and tarnish-resistance characteristics are well suited for making fine jewellery. Platinum is more precious than gold. The price of platinum changes along with its availability, but its price is normally slightly less than twice that of gold. In the 18th century, platinum's rarity made King Louis XV of France declare it the only metal fit for a king
Platinum is an e ...more
Answered by Simi, 17 Sep '07 04:36 pm

 
  
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