🇵🇬Platinum Rate in Port Moresby Today
The platinum rate in Port Moresby today is PGK 155.25 per gram for 14K, based on an international spot price of $1,854.00 per troy ounce. That is down PGK 1.41 from the previous close. This is the international spot price converted into PGK for Port Moresby. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Papua New Guinea's larger markets, with a population of around 283,733. The PGK has weakened 1.612% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Port Moresby — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | PGK 266.14 | PGK 243.96 | PGK 232.87 | PGK 199.60 | PGK 155.25 |
| 1 Troy Ounce (31.1035 g) | PGK 8,278 | PGK 7,588 | PGK 7,243 | PGK 6,208 | PGK 4,829 |
| 1 Kilogram (1,000 g) | PGK 266,139 | PGK 243,960 | PGK 232,871 | PGK 199,604 | PGK 155,247 |
All figures in PGK (Kina). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Platinum rate in Port Moresby — questions
What is the platinum rate in Port Moresby today?
The platinum rate in Port Moresby today is PGK 155.25 per gram for 14K, and PGK 266.14 per gram for 24K. These are live figures converted from international spot at the current PGK exchange rate.
What is the price of 1 gram of gold in Port Moresby?
One gram of 24K platinum costs PGK 266.14 in Port Moresby, and 22K costs PGK 243.96 per gram. 18K works out at PGK 199.60.
Why is 22K cheaper than 24K in Port Moresby?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is PGK 22.18 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Port Moresby different from other cities?
The underlying metal price is identical everywhere in Papua New Guinea — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.