Gold and silver have given substantial returns this year. There has been much discussion about the returns of these two precious metals. However, it is platinum that has surpassed all others in terms of overall returns in 2025.
Data shows that platinum prices have increased by around 80 percent in 2025. During the same period, gold prices increased by 51 percent, and silver increased by 68%.
Despite the massive surge in platinum prices in 2025, it is still much lower than the record it had touched earlier. In 2008, platinum had touched a price of 2250 American dollars per ounce.
The price is still 28% below that peak. Platinum prices had fallen by 8% each in 2023 and 2024. However, it had increased by 10 percent in 2022.
Experts believe that, on the one hand, there is a shortage in platinum supply. On the other hand, demand has increased due to industrial sectors and investment. As a result, continuous price increases have continued.
According to Ritesh Jain, founder of Pinetree Macro, there is a growing demand for other metals instead of gold in jewelry. But the existing mines cannot increase production. As a result, there is an imbalance between demand and supply. This is causing prices to rise.
South Africa is the largest producer of platinum, and the country has experienced severe rainfall. Along with this factor, there were problems of power shortage and water shortage.
As a result, production and supply have been severely affected. With this situation continuing for several consecutive years, the difference between demand and supply has led to a noticeable price surge.
Platinum is necessary for the automobile sector. It is also required in the green energy sector for fuel cells and green hydrogen production. Choice Broking and SMC Global Securities believe that platinum prices may rise further, considering its current market scenario.
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