The price of platinum in Australia fluctuates but is around A$3,600 - A$3,700 per ounce (oz) for bullion, with smaller amounts like 1 gram costing approximately A$110 - A$150, depending on the dealer, product (bars, coins), and whether you're buying (selling) or selling (buying back). For instance, ABC Bullion lists 1oz bars around A$3,718 (selling) and Jaggards shows prices from A$113/gram for unallocated to A$3,538/oz for minted 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.
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.
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).
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.
Key Takeaways. Gold is traditional, widely trusted, and culturally significant, while platinum is rarer and appeals to niche buyers. Gold offers stability and liquidity as an investment; platinum, on the other hand, is more volatile and tied to industrial demand.
For many years, platinum was indeed more expensive than gold, solidifying its reputation as the pricier metal. Prestige and rarity: Platinum is 30 times rarer than gold, found in only a few locations worldwide. This rarity has historically driven up its price and prestige, making it synonymous with high-end luxury.
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.
Because of this purity, platinum rings maintain resale value regardless of design trends, surface wear, or age. Another factor working in favor of sellers is durability. Platinum does not tarnish the way other metals do, nor does it lose weight as it wears.
For a balanced portfolio, platinum can act as a hedge against inflation, currency devaluation, and economic uncertainty. It's particularly useful in commodity-heavy portfolios or for investors looking to capitalize on long-term industrial demand.
As of mid-January 2026, the price for 1 gram of pure silver in Australia fluctuates but hovers around A$4.00 to A$4.04, based on live market data from sources like Market Index and CoinGecko. This price reflects the spot price, so the actual cost for buying or selling physical silver from dealers will vary slightly due to premiums and dealer buy/sell margins, with examples from Gold Bullion Australia showing around A$4.36 to sell and A$3.84 to buy back for pooled silver.
For $1,000, you can buy roughly 20 to 35 ounces of silver, depending on current spot prices and product premiums, with silver rounds (like Buffaloes) offering more ounces for your money (around 30+) compared to premium coins (like Eagles), which might yield fewer ounces (around 25) due to higher dealer markups, or even antique 90% silver coins which can offer significant weight.
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.
If you invested $1,000 in gold 10 years ago (around late 2015/early 2016), your investment would likely be worth significantly more today (late 2025), potentially in the range of $2,000 to over $3,000, reflecting substantial price appreciation, though less than the S&P 500 but outperforming during certain periods of market stress, acting as a hedge against uncertainty, with returns varying based on exact entry/exit points and premiums/spreads.
Each way brings different costs and risks to consider, but platinum's range of bullion investments is more limited than gold or silver, because of both the precious metal's much smaller annual mine output and its much greater use by industry and technology.
Gold is often viewed as a “safe haven” during economic uncertainty. Because of its liquidity, long-term value retention, and demand, gold is arguably the most popular precious metal for investment.
The simple answer is no. Platinum doesn't tarnish compared to other precious metals used to create diamond jewellery. It means your platinum ring or earrings won't change colour or show corrosion since it is a naturally white-coloured metal.
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.
Gold also retains its value and is relatively easy to sell, but platinum typically has a higher resell value due to its rarity and resistance to tarnishing. Platinum does not lose any of its metal when scratched; it retains all its weight.