High gold prices have fueled the rise of palladium as a replacement, prompting some businesses to transition to the new market.

Recently, the price of gold has started a high-level volatile market. On the other hand, platinum has also seen a wave of price increases, and savvy businesses have also seen the opportunity. Market data shows that platinum has accumulated a rise of over 35% since the beginning of the year, higher than the annual rise in gold. Recently, when a reporter from the Securities Times visited the Shuibei Gold and Jewelry Market in Shenzhen, they found many newly opened platinum jewelry stores. Some jewelry stores have also reduced the number of gold jewelry on display and instead are selling platinum jewelry.