Since gold and precious metals are usually in demand this time of year, it is important that jewellery stores and pawn shops have the correct tool to carry out testing.
The catalyst component of a catalytic converter is usually platinum (Pt), along with palladium (Pd), and rhodium (Rh). All three of these platinum group metals, or PGMs, are extremely rare
If metal fasteners fail while an aeroplane is flying, or if pipes at an oil refinery corrode, or if crucial components in a rocket ship cannot withstand varying temperatures, tragedies can occur.
A recent article reported that jewellers and companies in India are stocking up on gold in anticipation of this festive season demand. The import of gold into India rose by a whopping 107% month-on-month in August