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Platinum (pronounced /ˈplætɨnəm/) is a chemical element with the chemical symbol Pt and an atomic number of 78. Its name is derived from the Spanish term platina del Pinto, which is literally translated into "little silver of the Pinto River." It is in Group 10 of the periodic table of elements. A dense, malleable, ductile, precious, gray-white transition metal, platinum is resistant to corrosion and occurs in some nickel and copper ores along with some native deposits.
Platinum is used in jewelry, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry, and catalytic converters. Platinum bullion has the ISO currency code of XPT. Platinum is a commodity with a value that fluctuates according to market forces.
On June 5, 2009, Platinum was worth $1263.00 per troy ounce (approximately $40.09 per gram). As a pure metal, platinum is silvery-white in appearance, lustrous, ductile, and malleable. It does not oxidize at any temperature, although it is corroded by halogens, cyanides, sulfur, and caustic alkalis.
Platinum is insoluble in hydrochloric and nitric acid, but dissolves in aqua regia to form chloroplatinic acid, H2PtCl6. Platinum's wear- and tarnish-resistance characteristics are well suited for making fine jewelry. Platinum is more precious than gold or silver.
Platinum possesses high resistance to chemical attack, excellent high-temperature characteristics, and stable electrical properties. All of these properties have been exploited for industrial applications.
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