🇨🇨Platinum Rate in West Island Today
The platinum rate in West Island today is A$2,591 per troy ounce for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down A$23.61 from the previous close. This is the international spot price converted into AUD for West Island. 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 Cocos Islands's larger markets, with a population of around 120.
Platinum rate in West Island — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | A$83.31 | A$76.36 | A$72.89 | A$62.48 | A$48.60 |
| 1 Troy Ounce (31.1035 g) | A$2,591 | A$2,375 | A$2,267 | A$1,943 | A$1,511 |
| 1 Kilogram (1,000 g) | A$83,307 | A$76,365 | A$72,894 | A$62,480 | A$48,596 |
All figures in AUD (Dollar). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
Browse Platinum rates in Cocos Islands
By karat
By weight
Analysis
Other metals in West Island
Platinum rate in West Island — questions
What is the platinum rate in West Island today?
The platinum rate in West Island today is A$2,591 per troy ounce for 24K, and A$2,591 per troy ounce for 24K. These are live figures converted from international spot at the current AUD exchange rate.
What is the price of 1 gram of gold in West Island?
One gram of 24K platinum costs A$83.31 in West Island, and 22K costs A$76.36 per gram. 18K works out at A$62.48.
Why is 22K cheaper than 24K in West Island?
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 A$6.94 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in West Island different from other cities?
The underlying metal price is identical everywhere in Cocos Islands — 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.