What Makes Gold a Precious Metal?

By GovMint :

Gold is considered a precious metal due to its relative scarcity, durability, and unique properties that have captivated humans for millennia. Gold resists tarnish and corrosion, ensuring its enduring beauty and integrity. Its scarcity in the earth's crust also makes it highly sought after, while its malleability allows for intricate artistry and use in industrial applications. Plus, historically, gold has been revered as a form of currency and a symbol of wealth and power. These attributes and its intrinsic aesthetic appeal solidify gold's status as a cornerstone in the world of precious metals and numismatics market.

Sources Used:

https://www.investopedia.com/terms/p/preciousmetal.asp