Precious Metals have high demand in jewelry form
Precious Metals are used in making jewelery, art
and coinage. These metals are rare and they occur naturally as a
metallic chemical element of high economic value. These metals are
not radioactive in their natural state. The range of precious metals
include; gold, silver, platinum, and palladium. The other precious
metals in platinum group comprise of ruthenium, rhodium, palladium,
osmium, iridium, and platinum.
The practical use of these metals is determined
by their varied usage in jewelry across the globe. The status of
a "precious" metal can also be determined by high demand
or market value. Gold is usually alloyed with base metals like copper,
silver, palladium, to increase hardness and ductility, melting point,
color and other properties in the process of converting it into
jewelry.
Standard or sterling silver is used for jewelry and silverware.
It is an alloy of 92.5% silver with 7.5% copper. The metal has gained
popularity and s used frequently in more artistic jewelery pieces.
Wherein, Palladium is used as an alternative to platinum or white
gold. Platinum is the costliest of all the precious metals and is
used in jewelry making and in the making of gun parts, batteries
and fuel cells,auto catalyst, etc.
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