MUMBAI (Commodity Online): Palladium demand may outstrip supply while Platinum surplus is touching eightfold raise. Gold is as always ever in demand and Silver has put everyone to surprise.
This is the synopsis of Precious Metals this month and the story further continues wherein Silver will almost win the Oscar of investors for its excellent performance and Platinum the worst performer.
The production of Platinum is already being cut by over fifty per cent. The glut in demand is attributed to the lower production of automobiles in Japan. Auto sector uses almost 50 per cent of the global production.
Though similar share is used by Palladium also in the automobile sectors, the production has been far less compared to last year resulting in its demand.
In case of Gold, Indian commodity bourse MCX recorded a total volume of 14491 tons in the last thirty days whereas the silver volume was 754733 tons.
Gold, though remained steady despite the stable demand, Silver made a huge leap towards reassuring investors that it is not too far behind its yellow cousin.
