Process for producing precious metal powders

A process for producing a precious metal powder, comprising dissolving a precious metal compound in a solvent therefore, converting the precious metal compound dissolved in said solvent into an aerosol, passing said aerosol into a zone of elevated temperature sufficient to substantially free the aerosol of solvent and thereafter introducing the aerosol into a flame reactor in the presence of fuel gas at temperatures above the decomposition temperature of the precious metal compound or oxide thereof and separating the resulting precious metal powder, wherein the aerosol is substantially freed of solvent at temperatures above the boiling point of the solvent before it is introduced into the flame reactor, wherein the fuel gas is hydrogen/oxygen or hydrogen/air fuel and the temperature in the flame reactor is sufficiently high to allow the precious metal powder to sinter.