Platinum Gains Foothold In India

Mineweb reported on platinum trading in India where the white metal has started gaining on gold.

As quoted in the market news:

Conventionally, platinum prices have always been ahead of gold but the upsurge in gold prices in recent years has brought the two precious metals closer and closer together.

According to the Platinum Guild International, there are close to 422 outlets in India offering platinum jewellery. Moreover, an increase in retail outlets offering platinum and rising consumer purchases have driven platinum jewellery demand up by a third to 2.5 tonnes in 2011.

Click here to read the full Mineweb report.