Science

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A precious metal is a rare naturally occurring metal of high
economic value. Earlier precious metals were used as a form of
currency, but now they are regarded as investment options and
also used for industrial purposes.

Characteristics of Precious Metal

 The precious metals are less chemically reactive than
the other elements, thus these are also called noble
metals.
 They are ductile that means they can be easily
converted into wires.
 There are highly lustrous, so possess brilliant shine.
Most Precious Metal in India
Platinum is the most precious metal in India and it comes in the
category of heavy metals with a large atomic number, and hence
large atomic mass. It is a dense, malleable, ductile, highly
unreactive transition metal. Its name is derived from the Spanish
term Platina and is naturally white in colour. Unlike silver, it is
very resistant to tarnish, so no green or black deposition.
Its current price is Rs. 2556 per gram. Since platinum is also now
an investment option, some jewellers have also started selling
pure platinum coins and bars with a purity of 999 in different
weights. One can also go for e-platinum. Platinum in paper form
is on the National Spot Exchange.

Where Is Platinum Found in India?

The existence of platinum ore reserves has been established in
Orissa, Tamil Nadu, and Karnataka. The Geological Survey of
India estimates that platinum mining may be feasible in the
mineral-rich belts of Baula-Nuasahi and Sukinda valley in the
state of Orissa.
Thus, next time when shopping for gold jewellery, one can even
try hands-on Platinum jewellery if your budget allows.