Pricing- Platinum is more expensive than palladium. Currently, the purchase price of 1 oz of platinum is $1,354.44 CAD and $1,034.78 CAD is the cost for 1 oz of palladium. People with budget constraints use palladium in place of platinum as a result of its low price tag.
Weight- Platinum is the heaviest of all of the metals used for jewellery making.
Investment Potential- Both platinum and palladium have great investment potential due to their rarity and industrial uses. However, because the supply is unstable, prices are far more unpredictable and volatile. They give the investors less opportunity for speculative profit.
Colour- If you’re a first-time buyer, the two metals may look identical to you. However, palladium is slightly whiter than platinum.
Durability- Both platinum and palladium are durable metals. They don’t get tarnished with time. They both have the ability to resist corrosion and oxidation. These rare metals are hypo-allergic and stay white forever.
Alloy- Alloys play an significant role in the hardness of any metal. Generally, products such as platinum bars or palladium coins have 5 percent alloy. Ridium, ruthenium and rhodium are the alloys used with platinum, whereas palladium is alloyed with ruthenium and traces of copper.
Both platinum and palladium are great for investment and look beautiful when used in jewellery. They have their different characteristics but share common traits in terms of durability, usage, properties and availability. Before you purchase platinum or palladium, consider your purpose for purchasing, budget and utility; then pick which one to choose.
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