Platinum prices risen by 1200 dollars an ounce

The price of the precious metal platinum has risen by 1,200 dollars an ounce. Last Thursday, it touched 1,270, the highest in six years. News Hindu Business Online.

Experts say the price of this precious metal may rise further. Platinum was in short supply last year, according to an assessment by Johnson Matthews, the world’s largest refinery. Although there is no specific forecast for the current year, there is a possibility of a deficit.

Market participants say platinum has depreciated against gold. Considering the ongoing shortage in the market, there is an opportunity to increase its price further.

Sunbd/NJ