>Price of Platinum Jewelry

Written by sudha on March 7, 2009

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Why is Platinum Much More Expensive Than Gold?

Platinum is 30 times rarer than gold!

Compared to 14k gold (which is only 58% pure gold or 14 of 24 parts gold) or 18k gold (75% pure gold or 18 of 24 parts gold), platinum can cost significantly more due to its purity and value as a rare precious commodity.

Since platinum is a purer and denser metal than gold, it will weigh more than gold (about 60% heavier).

For example, the same wedding band weighing 10.0 grams in gold will weigh 16.0 grams in platinum.

Since the amount of a precious metal (or the gram weight) is a significant factor in determining prices, platinum tends to be more costly than gold, but well worth the difference in price if it meets your budget.

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