We all are aware about the ornament and precious metals we use in our day to day life which are surprisingly expensive. Interestingly  world economies works upon precious metal ( gold) reserves of that particual country. Diamonds, Gold and silver are the common expensive material we know for their huge price tags though there are several other elements which are as costly as gold and diamonds or even more expensive.

Why some metal /elements are so costly ?

Price of any material works upon demand and supply principle and it is applicable for almost every product we use in our life. The material which is rare or scarcely available sets to be costlier than the material easily and abundantly available .

Let’s discuss such few most expensive elements available in universe.

S.N Name of Material Formulation Avg Price Rs. /Gram Usage
1 Antimatter Sub atomic particles with reverse electrical charges                          6,414,000,000,000,000.00 Future spaceraft fuel
2 Californium-252 Man-made radioactive metallic chemical                                           1,731,172,500.00 Cancer treatment and explosive mine detection
3 Diamond Carbon compound                                                   4,000,000.00 Ornaments and Glass cutting
4 Tritium  Radioactive isotope of hydrogen                                                   1,900,000.00 Self-illuminating lights
5 Taaffeite Compound made of magnesium, beryllium and aluminum                                                   1,000,000.00 Jewelry
6 Painite  It’s a mineral of an orange or reddish-brown color                                                       650,000.00 Gem stone
7 Scorpion Venom Protein                                                       600,000.00 Treatment of arthritis and multiple sclerosis
8 Plutonium Radioactive Element                                                       250,000.00 In Nuclear power generation
9 LSD (Drug) Lysergic acid diethylamide                                                       200,000.00 Hallucinogenic drug
10 Soliris Most expensive pharmaceutical drug in the world                                                         10,000.00 Treatment of paroxysmal nocturnal hemoglobinuria

 

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