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Gold is one of the precious metals

Posted by Koinota Hojai 3 years, 9 months ago

UP Board > Class 09 > English

1 answers

Meghna Thapar 3 years, 9 months ago

Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Though Gold is quite abundant, because of its high popularity it becomes very valuable. ... Another reason due to which gold works well in terms of value is because gold does not readily oxidize thus, it maintains a constant weight. Other metals, such as iron rusts and copper gets oxidized.

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