Core Viewpoint - The article discusses the contrasting fates of gold and platinum over the years, highlighting the recent surge in platinum prices and the growing interest from investors and consumers in the platinum market [1][2][4]. Price Trends - In 2005, platinum prices were nearly double that of gold, but by 2020, platinum prices had fallen to just over half of gold's price [2][3]. - Currently, the spot price of gold has risen to $3,500 per ounce, while platinum is at approximately 40% of that level [4]. - Since May of this year, platinum prices have experienced a significant increase, with a rise of over 50% year-to-date, outpacing gold's 27% increase and silver's 30% increase [6]. Market Dynamics - The increase in platinum prices has led to a surge in demand from investors, wholesalers, and consumers, with many new platinum jewelry counters appearing in various markets [10][19]. - The price difference between gold and platinum is significant, with gold priced at 781 RMB per gram and platinum at 342 RMB per gram, creating a gap of over 500 RMB per gram [15]. Consumer Behavior - There has been a notable increase in the number of stores selling platinum jewelry, with some businesses shifting focus from other products to capitalize on the rising interest in platinum [17][19]. - Platinum jewelry is primarily categorized into pure platinum and platinum combined with cultivated diamonds, with pricing varying significantly based on design and quality [20]. Supply and Demand Factors - The recent rise in platinum prices is attributed to reduced supply from South Africa due to mine closures and layoffs, alongside increased demand for platinum jewelry as gold prices remain high [24][25]. - The World Platinum Investment Council forecasts a shortage of 31 tons in the global platinum market in 2024, with jewelry demand increasing by 8% and investment demand soaring by 77% [25]. Future Outlook - The long-term supply of platinum is constrained due to the lengthy mining cycle, which typically spans 5-7 years, limiting immediate increases in production [26]. - While some analysts see potential for platinum prices to rise further, others caution that platinum's investment attributes are not as strong as gold's, leading to uncertainty in the platinum investment market [26].
涨超50%,有人赚了好几波!昔日贵金属之王又火了
21世纪经济报道·2025-07-17 05:52