Platinum and Palladium Can Outshine Gold and Silver

Whether it's for use as wedding bands or in the design of catalytic converters, platinum and palladium are highly valuable precious metals, and yet they lack some of the attention given to gold and silver. This is somewhat odd, considering how much rarer the former two are, when compared to the latter pair.

A Valuable Pairing

Much of the world's palladium and platinum wind up going into the manufacture of catalytic converters, but the rest often goes into the manufacture of popular items of jewellery such as wedding bands and other types of rings. It might be easy to mistake these two metals for one another or even forms of silver or gold, including white gold.

However, they couldn't be more different from each other. Platinum is 15 times rarer than gold, while palladium is 30 times less commonplace by comparison. This scarcity, when combined with the sheer demand for the metals for industrial purposes, helps propel them to significant valuations on the precious metals market. Palladium is especially valuable, sitting at a price point roughly twice the price it was in 2018.

For this reason, it makes sense to get a good valuation for your item, if you wish to sell palladium or platinum today. UK Scrap Gold has a palladium and platinum scrap calculator which you can use for free at home. Simply assess your item's weight and purity, feed it into the calculator and it will give an estimated value for your item.

Outshining Gold and Silver

Palladium and platinum are almost like lesser-considered cousins to gold and silver, far rarer than them but still incredibly valuable. They are highly durable, which makes them ideal metals for use in industry and jewellery, with a silver-like appearance but with far more worth hidden away.

UK Scrap Gold has facilitated sales in plenty of precious metals, including palladium and platinum. We know our white gold from these two metals on any day of the week, because we're experts in all things precious metals-related. Selling is easily done — when you're sure you're in a position to sell to us, all you have to do is complete our Seller's Form. If you do have any queries about palladium or platinum items, don't hesitate to call us, and our team will be happy to help you in any way they can.