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 Gold $1,803.50   $5.20  Silver $24.14   $-0.04  Platinum $1,022.40   $-2.90  Palladium $2,018.50   $22.20

When you’re shopping for fine jewelry, one of the first things you’ll need to consider is the type of metal you want. Both gold and platinum are beautiful types of metal with their own unique advantages. To see which type of ring is right for your needs, consider a few factors outlined by the pros from First National Bullion and Coin. Scottsdale residents should think about the following information before choosing which precious metal they prefer.

Appearance

Of course the first and most obvious difference is color. Natural gold is a yellow color, while natural platinum is a silvery white color. Gold can be coated with a rhodium plating that makes it look somewhat similar to platinum. However, white gold will still be a little less white than platinum. The right color is really just a matter of personal preference. Some people may feel one metal matches their favorite gemstones or clothing styles better than the other.

Maintenance Requirements

White gold and platinum might look similar, but white gold requires more upkeep. Since it’s plated with a material to give it a white look, you need regular appointments to reapply the plating. Otherwise, the coating wears off and causes your jewelry to look more yellowish. Meanwhile, platinum can look crisp and shiny for years without needing extra maintenance.

Budget

If you’re on a budget, gold is almost always the better choice. Platinum tends to be more valuable than gold, so a platinum ring will cost more. This makes gold or white gold more affordable for a ring. Even after you factor in the cost of replating white gold on a regular basis, gold rings are still more affordable than platinum rings.

Durability

Part of the reason gold has more maintenance needs is due to durability issues. Gold is naturally a very soft metal. Pure gold is much softer than something like 14K gold. However, even 14K gold and other gold blends are still softener than platinum. This means they’re more likely to develop scratches. Over time, repeated tiny scratches can dull the surface of the gold.

Comfort

Platinum is a denser metal, which means it’s slightly heavier. If you’re trying to decide between the same ring in gold or platinum, the gold one will be lighter. For many people, this means gold rings are more comfortable to wear regularly. However, if you have a nickel allergy, you might find platinum more comfortable because certain gold alloys may contain nickel.

Customization Options

If you want a custom ring, there’s only a slight difference between gold and platinum. Both metals can be resized or reshaped as needed. Both also work very well for getting an engraving along the side of the ring. However, platinum is a little harder to work with, so it might be a bit more expensive and time-consuming to change the ring. 

Whether you’re deciding on which type of ring to buy or you’re building an investment portfolio and looking for the best place to purchase Scottsdale silver bars, gold coins, and other forms of precious metals, reach out to the trustworthy professionals at First National Bullion. Give one of our experienced dealers a call today at 480-546-8928.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2021-09-20T03:20:22-07:00September 20th, 2021|Miscellaneous|0 Comments