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Why is the value of platinum higher than the value of gold?

In the international market, the price of platinum is increasing more than that of gold. Due to this, those who used to invest in gold worldwide, have now started investing in platinum. Currently, platinum jewellery is more popular than gold In India too, the demand for platinum is on the rise.Jewellery Platinum, known as white gold, is used to make artistic jewellery. More than these, platinum is used more in the automotive industry.  Inside the vehicle exhaust system, a mixture of platinum, palladium, and rhodium is coated to reduce the amount of carbon dioxide. The platinum compound works as a catalytic converter that reduces the toxicity of vehicle exhaust. Along with this, platinum has a lot of contribution in various research work including electroplating industry. Globally, after the industrial sector, platinum is widely used to make jewellery. China, Japan and USA are the leading countries with 85 percent contribution in the production of platinum jewelry in ...