Is it the right time to buy Gold, Platinum?

It’s good news for gold-lovers. Gold has fallen to a new 5-year low in international markets. But even more thrilling is the fact that platinum has fallen even more.

Platinum is predominantly an industrial metal.

Fall in other industrial metals due to economic slowdown is weighing down platinum also Platinum is mostly used in diesel vehicles. The recent shift from diesel vehicles to petrol vehicles lowered demand.

Though cheaper, the making charges in platinum are high compared to gold. Since platinum cannot be melted at local jewellery and remade into new ornaments, its re-sale value is less compared to gold.