As of January 12, 2026, 1 kilogram (kg) of platinum is worth approximately $73,500 to $76,000 USD, depending on the exact time, market, and whether you're buying (higher price) or selling (lower price), with live spot prices fluctuating but hovering around the mid-$70k range. For example, JM Bullion showed about $76,391 per kilo, while APMEX showed around $73,564, reflecting constant market changes.
The price of platinum in Australia varies by dealer and product, but generally hovers around A$3,300 - A$3,400+ per ounce for spot/bullion (like ABC Bullion), while physical products have a premium, with 1oz bars selling for around A$3,500 - A$3,900 and smaller bars/coins priced higher per gram due to manufacturing, showing dynamic rates influenced by global markets.
As of early January 2026, the price of platinum per gram fluctuates but generally sits around $68 to $70 USD, depending on the live market, with variations for different purities and bullion products. For instance, you might see prices like $69.41/gram (JM Bullion) or $68.80/gram (Monex), while bulk or retail products will have different rates.
As of January 2026, the price for 1kg of silver in Australia typically ranges from around $4,200 to $4,400 AUD, depending on the supplier, bar brand (like ABC Bullion or Perth Mint), and purity, with sellers like ABC Bullion showing prices around $4,300-$4,400 for their 9995 purity bars and other dealers listing similar rates.
As of early January 2026, the price for 1 kilogram (kg) of platinum fluctuates but is roughly in the range of $69,000 to over $110,000 USD/AUD, depending heavily on the dealer, market spot price ($69,407/oz USD reported by JM Bullion, ~ $2,500 AUD/oz by Guardian Gold as of Dec 2025), premiums, and if buying physical bars, with Australian dealers showing ~AUD $110,000 for 1kg bars.
Yes, platinum is generally more expensive than gold due to its extreme rarity, higher density (meaning more metal is needed for the same size item), and purity (used at 90-95% pure versus gold's 58.5-75% in jewelry). While gold prices can fluctuate, platinum's scarcity and industrial demand (like catalytic converters) often keep its price per ounce higher, though market shifts can sometimes see gold surpass platinum temporarily.
Made up of 99.9% silver and only 0.1% trace elements, 999 silver—often called pure silver—is the highest grade of silver you can buy. Uses: Typically used in silver bars, coins, and occasionally in premium jewellery pieces. Because it is pure, 999 silver is softer and more flexible.
As of early January 2026, the gold price in Australia per gram (24k) fluctuates, but you're looking at roughly AUD $215 to $265 per gram for spot/general, with actual buy/sell prices varying by dealer and product, such as around $214.81/gram on Market Index or higher for retail bars from places like ABC Bullion. Always check live dealer sites like ABC Bullion or Melbourne Gold Company for the most current buy/sell rates for specific products.
Pure gold is notated as 24K – this is the highest karat level for gold meaning it is 100% pure gold. 18K gold is 75% purity level, 14K is 58.3% purity level, and 10K is 41.7% purity level. As you can see, the higher the karat number, the more pure gold comprises the metal.
Traditionally, platinum jewelry contained 85 to 95 percent pure platinum alloyed with other precious metals. In recent years, some platinum pieces have been alloyed with a larger percentage of non-precious base metals (like copper and cobalt).
Platinum is More Durable
Though both gold and platinum are strong and durable precious metals, platinum is the more durable of the two. This is a result of platinum's extreme density and chemical structure.
However, a single, high-carat, high-quality diamond can have a much higher overall cost than the platinum metal used in a piece of jewellery, depending on its specific characteristics (the 4 Cs: carat, colour, clarity, and cut).
Demand for Platinum is Much Less Stable than Gold
Although platinum is a precious metal, its end use is often like that of industrial metals such as copper or aluminum.
Iron ore is Australia's top export. Australia produces low cost, high grade iron ore with our biggest iron ore deposits located in Western Australia.
For $1,000, you can buy roughly 20 to 35 troy ounces of silver, depending heavily on the current spot price (around $25/oz as of early 2026) and the premium (extra cost) you pay for specific products, with generic silver rounds offering more ounces, while government-minted coins (like Maples) or older 90% "junk" silver bags might yield fewer ounces but offer different benefits, like easier fractional trading.
Gold could hit $5,000 an ounce in first half of 2026, says HSBC. Jan 8 (Reuters) - Gold prices could rise to $5,000 an ounce in the first half of 2026 on geopolitical risks and rising debt, HSBC said on Thursday.
A 400-ounce (12.4kg) gold bar currently costs over $1m.
Elon Musk stated that China's restrictions on silver exports are "not good," emphasizing silver's critical role in industrial processes, especially for green tech like solar panels, electric vehicles (EVs), and electronics, warning that supply constraints could hinder the energy transition as demand outpaces supply. He highlighted silver's essential nature for manufacturing in numerous sectors, reacting to rising prices and potential shortages.
Beware of Fake Stamps
Some counterfeiters may try to pass off their jewelry as genuine by stamping it with "S925" or other similar marks. However, these stamps may not be accurate, and the piece could still be made of a cheap metal.
Silver is called the "devil's metal" primarily by traders and investors due to its extreme price volatility, erratic charts with sharp swings, and unpredictable nature, making it risky, though it also has folklore ties to warding off evil spirits and a history tied to betrayal (Judas). Its market behavior, unlike gold's relative stability, often leads to massive gains or losses, earning it a mischievous, almost mischievous, reputation.
But why do jewelers not like platinum? The answer lies in its unique properties that make it both a prized and challenging material to work with. Platinum is significantly denser than gold, making it heavier and more difficult to shape. This density also causes tools to wear down faster, increasing costs for jewelers.
Platinum has a range of uses, including electronics, automotive industry, dentistry equipment, jewellery, and bullion. The biggest use of platinum however is as a catalyst. Catalysts are materials that speed up chemical reactions and reduce the energy needed to convert a substance.
Platinum resale typically returns 55-65% of the current spot price due to refining costs and dealer discounts. Unlike gold, platinum's resale value is heavily influenced by automotive industry demand. Enter weight and select discount to see your resale value.