Question

why is platinum more expensive than gold​

Answer 1

Platinum is more expensive because it is rarer and mined much less than gold. Only 160 tons of platinum are mined annually, as opposed to 1,500 tons of gold. Also, platinum is more dense than gold, so the same ring will weigh significantly more in platinum than in gold (and precious metals are priced by weight).

Answer 2

Answer:

The main reason for this is that precious metals are priced by weight and platinum is much denser than gold, so any platinum jewellery will weigh more. ... Another reason why platinum rings are more valuable than gold is because the metal is much rarer.

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