Visit the jewelry market: platinum prices are rapidly rising and in short supply.

Platinum, belonging to the category of precious metals along with gold. In the past two years, the platinum market has been relatively sluggish, but recently, the price of platinum has risen rapidly, surpassing 300 yuan per gram. From the beginning of the year until now, the cumulative increase in platinum prices has exceeded 36%, higher than the annual increase in gold prices. What is the current market situation for platinum? In the Shuibei Market in Shenzhen, jewelry traders from all over the country can be seen coming to purchase platinum jewelry. These buyers told reporters that this year, with the rise in the price of gold, many consumers have turned to buying platinum, leading to some platinum jewelry items being in short supply. Zhang Jiebin, chairman of a jewelry company in Shenzhen, Guangdong, said that after platinum became popular in the market, sales have increased, selling 150 to 200 kilograms per month before, but now during peak periods, they may sell four to five hundred kilograms, with some products in short supply. Some smaller items, such as necklaces, earrings, and rings, may be in higher demand. In addition to buyers actively stocking up, reporters at the Shuibei Market in Shenzhen have also seen many stalls reducing the display of gold and focusing on selling platinum. Some have even removed their gold sales stalls altogether and are now exclusively selling platinum.