Platinum prices rose more than 36% within the year, prompting some gold traders and factories to transition into platinum.

According to CCTV Finance report, the price of platinum has been rising rapidly recently, surpassing 300 yuan/gram. From the beginning of the year until now, the cumulative increase in the price of platinum has exceeded 36%, higher than the annual increase in the price of gold. At the platinum jewelry stalls in Shuibei Market in Shenzhen, jewelry traders from all over the country can be seen coming to purchase goods. An industry insider revealed to a Blue Whale News reporter that as early as May, some Shuibei gold traders and factories had already started to shift to platinum. "The gold market is too crowded, and it may be leaving for safety reasons after the gold prices are high. Platinum prices are relatively stable, with larger profit margins."