Gold vs Platinum

goldvsplatinumMost people are interested in knowing the difference between Gold and Platinum since this information plays a critical role in their decision to choose jewelry. To start with, it should be noted that both are considered expensive metals. Because of their less reactive characteristics, jewelers prefer using them for making high-end ornaments.

Basic chemical information for Gold

It’s considered a transition metal bearing the symbol Au. Au comes from the Latin word ‘’aurum’’ which is also translated as ‘’shining dawn’’. Gold belongs to the group 11 of periodic table. The general appearance of gold is metallic yellow.

The use of Gold is widely centered on making jewelry and statues. God doesn’t react to air or moisture. So no matter how long it remains exposed in the air or in water, gold oxide layer will never form, thus the metal will remain unchanged.

Gold occurs as a free element in nature. It is mainly found between layers of rocks. South Africa has the largest gold deposits, followed by countries like Russia, U.S, Peru, and Australia.

Basic chemical information for Platinum

This is a transition metal which is abbreviated as Pt. It belongs to the same group of metals like Nickel and Palladium. This metal forms +2 and +4 oxidation states respectively. But it can also form other oxidation states as well.

Basically, the color of Platinum is silvery white, and has a high density generally. This metal doesn’t form oxides, and is non-reactive to nitric acid and HCI. What is more, Pt can resist very high temperatures without melting.

Hardness verse malleability

The hardness of the metal refers to its level of resistance to denting or scratching. On the other hand, malleability refers to the ease with which it can bend or change shape without breaking.

Generally speaking, Platinum tends to be harder than gold when compared in its purest form. However, when gold is mixed with other metals such as copper, silver or palladium, it becomes harder than Platinum.
Platinum may also be considered harder to shape because it’s more brittle than gold. Also, Platinum tends to be softer than gold, thus may not be a good choice for jewelers who exclusively make men’s’ rings.

Density & weight

Alloys made of platinum tend to be 20% denser than gold. This obviously results in a solid piece of precious metal that is more substantial that the latter. If used to make jewelry, Platinum will look and feel more luxurious.

How they compare in terms of pricing

Even though prices have relatively remained the same between the two precious metals, many people have noticed that platinum is still more expensive than gold. The following may be the reason why such price disparity is witnessed:

(a)Platinum tends to be denser that gold, hence it generally consumes more material to make an object out of it compared to gold.

(b)Platinum is also said to be more difficult to work with compared to gold. Labor costs roughly 20% more than what is incurred when working with gold.

(c)Finally, unlike gold, platinum cannot be re-melted. Therefore, scraps have to be sent back to the refiner, and this can prove to be costly.

Durability and investment

Platinum doesn’t lose weight easily during its lifetime when it has to be subjected to polishing. But generally, both should last for generation if properly made.

In terms of investment, many people would choose gold because it’s widely traded as an asset compared to platinum. What this means is that gold will always have a ready market unlike platinum.

Conclusion

You have to consider these differences when opting to buy Gold or Platinum. If your reason has to do with financial matters, then gold would give you a good asset to invest in. Platinum wouldn’t be that viable. Finally, if you’re choosing between the two metals when buying jewelry, you will have to be guided by personal choice.