There is disclosed a precious metal article which is formed of a solid-phase sintered product of a precious metal powder. For manufacturing the precious metal article, a moldable mixture which contains a precious metal powder and a binder removable by sintering is shaped into a prescribed molded object, and the molded object is then subjected to sintering. The moldable mixture is produced by preparing a precious metal powder, preparing a jellylike cellulose binder by blending a cellulose with water and leaving for a prescribed period of time, and blending the precious metal powder and the jellylike cellulose binder together. The most preferable moldable mixture contains 50 to 90% by weight of precious metal powder, 0.8 to 8% by weight of water-soluble cellulose binder, 0.08 to 3% by weight of a surface-active agent. 0.1 to 3% by weight of oil, balance water and unavoidable impurities. The precious metal powder preferably contains gold powder and powder of an alloy containing silver or copper, and the gold powder is obtained by submerged-reduction method.