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Gold, silver, platinum, and palladium are the precious metals you can get your ring made out of. If you want something contemporary though, there are options like titanium, tungsten carbide, cobalt chrome, and stainless steel. However, it is best to stick with a precious metal. Following are some reasons for that.
You Can Resize
Precious metal bands allow resizing, which is an option you want to keep open against the eventuality of your ring size changing. The chances of this happening are very high, and when it does, it is best if you did not have to get a different ring because resizing was not possible.
These Rings Can Become Heirlooms
It is good to have jewelry you can pass down in the family, and better if the metal it is made of is objectively precious. Here too, a subsequent wearer can resize if they wish to. 
More Easily Restored
Diamond rings made of precious metals are easier for a jeweler to restore, whether they have to reshape it, restore the luster, or add material as reinforcement.