🇯🇲Platinum Rate in New Kingston Today
The platinum rate in New Kingston today is JMD 8,656 per gram for 22K, based on an international spot price of $1,854.00 per troy ounce. That is down JMD 78.90 from the previous close. This is the international spot price converted into JMD for New Kingston. 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 Jamaica's larger markets, with a population of around 583,958. The JMD has weakened 0.937% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in New Kingston — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | JMD 9,443 | JMD 8,656 | JMD 8,263 | JMD 7,082 | JMD 5,509 |
| 1 Troy Ounce (31.1035 g) | JMD 293,716 | JMD 269,239 | JMD 257,001 | JMD 220,287 | JMD 171,334 |
| 1 Kilogram (1,000 g) | JMD 9,443,174 | JMD 8,656,242 | JMD 8,262,777 | JMD 7,082,380 | JMD 5,508,518 |
All figures in JMD (Dollar). 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 New Kingston — questions
What is the platinum rate in New Kingston today?
The platinum rate in New Kingston today is JMD 8,656 per gram for 22K, and JMD 9,443 per gram for 24K. These are live figures converted from international spot at the current JMD exchange rate.
What is the price of 1 gram of gold in New Kingston?
One gram of 24K platinum costs JMD 9,443 in New Kingston, and 22K costs JMD 8,656 per gram. 18K works out at JMD 7,082.
Why is 22K cheaper than 24K in New Kingston?
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 JMD 786.93 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in New Kingston different from other cities?
The underlying metal price is identical everywhere in Jamaica — 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.