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Tuesday, November 30, 2010

Platinum price 62 dollars and then closed twice spread north and south city jewelry

Precious Metals Seems not yet the end of the astonishing gains. February 21, with the international commodity market gold prices will be high, Platinum The movement of chromium seems superior?? 2192 U.S. dollars / ounce, platinum prices a trading day has closed the 62 dollars. "Market News" reporter learned: Although the city recently have raised the price of platinum jewelry, but the North-South difference is still huge.
According to media reports, Guangdong: one night this week, the Guangzhou platinum gold prices generally increase over New Year's 15% to 20%, the highest price on September 5 platinum jewelry up to 800 yuan / gram or prices, the Guangzhou Platinum Price Beijing higher than about 190 yuan / gram.
Investigation, according to industry associations around the figures, Beijing platinum unit increased by 60 yuan / gram, Shanghai increased by about 70 yuan / gram. As the gold price in Guangzhou in mainland cities has always been the forefront of the price adjustment, the Guangzhou Beijing platinum priced higher than about 190 yuan / gram, per gram higher than the Shanghai 170 yuan, "North-South difference," as much as 2 percent above.
Gold and silver jewelry from Changchun, Jilin Province Chamber of Commerce of the information display industry, due to recent international market prices of raw materials rose platinum, Changchun City, twice a week to increase the price of platinum jewelry, platinum PT990 gain the highest cumulative prices of 140 yuan per gram. But since last week, Haikou, Hainan Province, platinum prices have been on the market jumped. 20 am, Haikou City, the major jewelry sales Pt950 platinum price has risen to 586 yuan per gram, and come to the consultation, buy Consumption Were still flooded. Ningxia Yinchuan platinum PT950 18 448 yuan per gram from the rose 536 yuan, an increase of 19.6%.
It is reported that this round of rapid increases in platinum prices are mainly due to tight supply of the South African gold mining industry influence, the South African platinum production accounts for 80% of global production, last year suffered a succession of strikes, followed by longer Electricity Disruption effects that lead to this large international platinum price hike.
In addition, the rate of increase in international gold prices early astonishing boost platinum prices higher. International platinum record straight, in February has risen more than 20% increase since 2008 is over 40%.
However, industry experts said: "Although the platinum trend may well outperform gold this year, but do not speculate in gold and blind customers to use Investment Gold's idea to invest in platinum. "Platinum Investment biggest risk comes from the realization of the difficulties. Platinum has a store of value like gold, but also the lack of a normal buy-back, collection channels, the process of realization of the high cost of the transaction difficult. Ordinary investors is whether to buy Platinum Jewelry , Crafts Or platinum coins are in circulation in the market is difficult, investment value is very low.

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