Platinum trading

Platinum, also known as platinum or small silver, is known as a very expensive precious metal, but is also used extensively in jewelry as well as in medical equipment and other industries. Platinum is one of the rare metals of rare value worldwide. It has low melting point due to its high melting point, and its properties attract everyone. Due to its excellent durability and high activity as a catalyst, platinum is very important in various fields. This unique feature and appeal has also increased its popularity as a financial asset.

Platinum trading at NEXTART
  • Leverage-up to 500x
  • Number of transactions – 0.01 to 50 lots
  • Trading deadline-no limit
  • Product CFD

Platinum, like gold and silver, was first used hundreds of years ago. At first, it was not recognized as a precious metal because of insufficient technology and it was a by-product of gold and silver. After further research, platinum has finally become known as a precious metal. Its features include strong corrosion resistance and, like gold, it is insoluble only in aqua regia. Platinum is an active metal, but when combined with palladium, it becomes one of the non-active metals called "noble metals". Due to its characteristics, it has been used as a part of important processes in medical equipment and other industries.

The value of platinum

Due to its versatility and scarcity, its value is unlikely to change even during economic crises. So why is platinum treated specially? Extremely high melting point High ductility and ductility compared to gold Almost no risk of deterioration and discoloration Can be used in various fields such as jewelry and catalysts Of course, it is well known, but because of its non-corrosive properties it is also used in pacemakers and dental equipment. Because it has a very high melting point and can withstand high temperatures, it is often used as a catalyst in exhaust gas purification equipment. Platinum is also used as a catalyst in the oil and manufacturing industries.