Is Platinum Expensive Than Gold?

By Team Gullak

Apr 7, 2025

4 min read

Platinum or Gold? One of the key questions investors ask is, "Is Platinum Expensive Than Gold?" We'll go through everything you need to know before choosing which asset is for you.

With the stock market giving continued negative returns over the last 6 months, investors are flocking towards commodity investments to establish stability in their portfolio. Among commodities, two assets have been in the limelight – Gold and Platinum. While Gold has been an evergreen investment for Indians, investors are also exploring platinum as an investment.

While choosing which asset to go for, many investors have queries like, is platinum expensive than gold. In this article, we will clarify such queries so that you can make an educated investment decision.

Platinum vs Gold: Is Platinum Expensive Than Gold?

Current gold price trends at ₹9,415/gm, while current platinum price trends at ₹2,696/gm. So, the price of platinum per gram is ~2.5 times cheaper than that of gold. However, platinum is a more precious metal than gold. But why would it be cheaper than gold? We’ll understand this in the next section.

Why is Gold More Expensive Than Platinum?

Platinum is rarer than gold, yet it isn’t as expensive. This is largely because platinum's value is driven by industrial demand—especially from the automotive and manufacturing sectors. Its price tends to fluctuate based on shifts in these industries, as it's primarily used in processes like catalytic converters. In fact, platinum is one of the most volatile precious metals.

In contrast, gold holds a timeless appeal as a store of value. Historically used as currency, gold continues to play a central role in investment portfolios across the world. In India, its cultural significance—particularly in weddings and gifting traditions—ensures a steady and enduring demand that keeps its value consistently high. Gold prices are more stable, making it ideal for investments.

This explains why the answer to “is platinum expensive than gold” is a clear no—despite being rarer, platinum's demand is cyclical, whereas gold enjoys consistent demand regardless of economic conditions.

Platinum vs Gold: Which gives higher returns?

To understand which of the 2 assets give higher returns, let us take a quick look at the historical returns(CAGR) of both Platinum and Gold:

From the above table it is pretty evident that Platinum has had a few good years here and there, but Gold as an asset has consistently given higher returns than Platinum.

Platinum vs Gold: Types based on Purity

Platinum:

Gold:

Platinum vs Gold: Which Should You Invest In?

While both platinum and gold are precious metals, deciding which to invest in depends on your investment priorities and risk tolerance. If you are looking for an evergreen investment that provides 11–12% returns consistently over the long term, gold is the way to go. On the other hand, if you’re looking for short-term gains, have insight into the industries that influence platinum pricing, and closely follow trends, platinum could offer speculative potential.

Ultimately, when faced with the question, "is platinum expensive than gold?", the answer highlights a deeper consideration: price alone doesn’t define value—purpose, demand, and long-term utility do.