Precious metals are rare, naturally occurring metallic chemical elements that have high economic value due to their properties of being resistant to corrosion, ductile, malleable, and having high thermal and electrical conductivity. The most commonly recognized precious metals are gold, silver, platinum, and palladium.
Check the latest Precious metal price, news & reports updated every minute. Track trends in the market to make informed bullion (gold, silver) investments.
Gold has been highly valued as a precious metal for thousands of years, and it is used in jewelry, investment, and as a form of currency. Silver is also used in jewelry and investment, but it also has industrial applications due to its high thermal and electrical conductivity. Platinum and palladium are primarily used in catalytic converters in vehicles to reduce emissions, but they also have applications in jewelry and investment.
Precious metals are typically mined from underground or extracted from other ores, and their supply is limited, making them highly valuable. The prices of precious metals are subject to market fluctuations and are influenced by factors such as supply and demand, geopolitical events, and inflation.
What is MCX Gold?
MCX Gold refers to gold futures contracts traded on the Multi Commodity Exchange (MCX) in India. Gold futures are agreements to buy or sell a certain amount of gold at a specific price and date in the future. MCX Gold contracts are standardized with respect to the quality, quantity, and delivery time of gold, which makes them a popular tool for investors and traders to speculate on the future price of gold. The price of MCX Gold is determined by various factors such as global demand and supply, economic and political developments, and currency exchange rates.
A List of Precious Metals
Here is a list of some of the most commonly recognized precious metals:
- Gold (Au)
- Silver (Ag)
- Platinum (Pt)
- Palladium (Pd)
- Rhodium (Rh)
- Ruthenium (Ru)
- Iridium (Ir)
- Osmium (Os)
These metals are considered precious due to their rarity, high economic value, and various industrial and decorative applications.
Most Precious Metal In India
In India, gold is considered the most precious metal. India has a long tradition of using gold for ornamental, religious, and cultural purposes. Gold is also viewed as a symbol of wealth, prosperity, and status in Indian society. India is one of the largest consumers of gold in the world, with a significant portion of its gold demand coming from jewelry and investment purposes. Other precious metals like silver, platinum, and palladium also have industrial applications in India but are not as culturally significant as gold.