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Why are metals like gold, platinum and palladium so expensive?

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(1) They are very, very, very rare as compared to other metals found on this planet. Imagine this : You have to remove 9.39 tonnes of earth to get one golf ball weight of gold. What is the Cost of Mining Gold? - Visual Capitalist (2) The most important reason is that these metals are called noble metals. read more

Metals like gold, platinum and palladium are so expensive owing to following reasons : (1) They are very, very, very rare as compared to other metals found on this planet. Imagine this : You have to remove 9.39 tonnes of earth to get one golf ball weight of gold. read more

One of the world's rarest metals, palladium makes for a special wedding band that's high in quality and, relatively speaking, lower in price than other high-quality metals. With the increase in the price of gold and platinum, palladium is one of the best choices for those with a lower budget who don't want to sacrifice quality or beauty. read more

There are many reason of Platinum being an expensive metal: Platinum is approx. 60% heavier than 14k gold. So the same ring that weighs 10.0 grams in gold weight will weigh approx. 16.0 grams in platinum. Whereas platinum jewelry is 95% pure platinum, 14k gold jewelry is 58.3% pure gold. Platinum is more difficult to work with and is more labor intensive compared to gold. read more

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