Platinum Prices Soar: Is This the Next Big Investment Opportunity?

• Platinum prices hit a record $2,377/ounce on Dec 24, surging 3.3% in one day, surprising investors.
• Global demand for platinum exceeds supply due to its industrial and jewelry uses, driving up prices.
• Indian investors can buy physical platinum (PGI certified) or invest in international ETFs via platforms like Zerodha, Groww.
• Platinum ETFs are not directly available on Indian exchanges (NSE/BSE), requiring investment through foreign markets under LRS.
• While offering high profit potential, platinum investment carries risks like price volatility, storage issues, and currency fluctuations.

Why It Matters: Platinum offers high profit potential but comes with inherent market and investment risks.