Well Off The Peak

India is not a major consumer for the precious white metal platinum as far as jewellery is concerned. However, it has industrial applications in automobile catysts and fertiliser units but not in any significant quantity.

The only listed company which deals in platinum is Parekh Platinum. The stock of the company has been more or less range bound between a low of Rs 8.20 and a high of Rs 11.60 during last three months. The stock which quoted at Rs 8.25 beginning November, closed today at Rs 8.55 on the Bombay Stock Exchange.

Parekh Platinum has sought RBI approval for permission to allow it to hedge in platinum group of metals including palladium and rhodium in the overseas markets. It had introduced the first of its kind range of platinum jewellery in India in 1996 and has entered into the diamond studded segment of both the coloured gold and platinum jewellery segment under Pplatini brand. The company has introduced the Velandi, Contemporary and Platinum collection.

 

Platinum