We all are aware about the ornament and precious metals we use in our day to day life which are surprisingly expensive. Interestingly world economies works upon precious metal ( gold) reserves of that particual country. Diamonds, Gold and silver are the common expensive material we know for their huge price tags though there are several other elements which are as costly as gold and diamonds or even more expensive.
Why some metal /elements are so costly ?
Price of any material works upon demand and supply principle and it is applicable for almost every product we use in our life. The material which is rare or scarcely available sets to be costlier than the material easily and abundantly available .
Let’s discuss such few most expensive elements available in universe.
|S.N||Name of Material||Formulation||Avg Price Rs. /Gram||Usage|
|1||Antimatter||Sub atomic particles with reverse electrical charges||6,414,000,000,000,000.00||Future spaceraft fuel|
|2||Californium-252||Man-made radioactive metallic chemical||1,731,172,500.00||Cancer treatment and explosive mine detection|
|3||Diamond||Carbon compound||4,000,000.00||Ornaments and Glass cutting|
|4||Tritium||Radioactive isotope of hydrogen||1,900,000.00||Self-illuminating lights|
|5||Taaffeite||Compound made of magnesium, beryllium and aluminum||1,000,000.00||Jewelry|
|6||Painite||It’s a mineral of an orange or reddish-brown color||650,000.00||Gem stone|
|7||Scorpion Venom||Protein||600,000.00||Treatment of arthritis and multiple sclerosis|
|8||Plutonium||Radioactive Element||250,000.00||In Nuclear power generation|
|9||LSD (Drug)||Lysergic acid diethylamide||200,000.00||Hallucinogenic drug|
|10||Soliris||Most expensive pharmaceutical drug in the world||10,000.00||Treatment of paroxysmal nocturnal hemoglobinuria|