Is a gold or platinum bracelet more expensive?

Gilbert Gleichner asked a question: Is a gold or platinum bracelet more expensive?
Asked By: Gilbert Gleichner
Date created: Thu, May 13, 2021 3:57 AM

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Those who are looking for an answer to the question «Is a gold or platinum bracelet more expensive?» often ask the following questions:

👉 Is platinum jewelry more expensive than gold?

Platinum jewelry is more expensive than gold… It’s a well-known fact. Aside from assuming that platinum is a superior metal, have you wondered exactly why platinum gets the higher ticket price in the jewelry industry? Currently, gold costs around $1,300 per ounce, while the going price for platinum is $850 per ounce.

👉 Which is more expensive platinum or gold?

Platinum jewelry is more expensive than gold… ... Currently, gold costs around $1,300 per ounce, while the going price for platinum is $850 per ounce. Let's discuss why you'll still pay more for jewelry set in platinum, regardless of the price per ounce.

👉 Why is platinum more expensive than gold?

There are multiple reasons why platinum is more valuable thangold. Although both gold and platinum are rare earth metals, platinum is rarer and thus has a higher value. Another reason is because platinum is 60% heavier than 14 Karat gold. If you have a 10 kg ingot of gold, then that would be equivalent to 16 kg of platinum.

10 other answers

A platinum bracelet is more expensive than a gold bracelet. Platinum weighs 60% more than 14K, it is a rarity and harder than gold.

When it comes to choosing a metal for your engagement or wedding ring, platinum is typically a more expensive choice. The main reason for this is that precious metals are priced by weight, and platinum is much denser than gold, meaning it will be heavier. Another reason why platinum rings are more valuable than gold is because the metal is much rarer.

So platinum jewelry is a much purer and denser metal-type than gold. As such, platinum jewelry costs more than gold, not only because it is 60% heavier (a 10 gram ring vs. a 16 gram ring noted in #1 above), but those grams of precious metal are more pure, and therefore, more valuable and costly in platinum compared to gold.

Platinum will almost always be more expensive than white gold because it is 30 times more rare and mined much less than gold. To be more specific, 2,700 tons of gold are mined per year compared to 80 tons of platinum. Also, platinum is denser than gold. The exact same ring would weigh more if its made of platinum over white gold. This same ring in platinum would also be much more expensive in platinum because precious metals are priced by weight.

Because platinum rings are heavier and more pure than gold, they are more valuable. While gold and platinum are similar in price per gram, platinum is denser, so more of it is used when making a ring.

Being about 20% denser than white gold, platinum is about two-and-a-half to five times more expensive than white gold. Because it's less malleable, platinum is a more difficult material to work, so the cost of labor that goes into molding that piece increases.

Platinum is five times as rare as gold, and therefore, significantly more expensive. Plus, unlike gold, which is still considered “gold” as long as it is at least 41% pure, to be considered "platinum," the metal must contain at least 90% pure platinum.

Platinum also trades in over-the-counter and physical markets, but its options-trading volume is much smaller than gold's. Because of the difference in liquidity, platinum is more susceptible to price spikes than gold is.

To put a number to your comment, as of July 31st 2017 Gold cost $1264.00 per ounce and Platinum cost $964.23 per oz. Which makes Platinum look like a deal. However 14kt gold uses 585/1000 where 900/1000 Platinum uses more Platinum. And as you say Platinum is more dense and therefore weighs more and costs more. Thank you for your reply to Ekta.

At the very least, a bet on platinum again becoming more expensive than palladium... and again more expensive than gold, seems likely to pay off eventually. It always has before whenever platinum got anywhere near as depressed as it is today.

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