Platinum & Gold Collection, released in 2004, is the second greatest hits compilation by Toni Braxton, following Ultimate Toni Braxton released in 2003. It is a budget CD with fewer songs than Ultimate, but it has the remix versions of some songs. Although the album was not given a proper release in the United States and is considered an international release, it has sold 281,518 copies in the US as of February 2012.
Jason Birchmeier of Allmusic gave the compilation 3.5 out of 5 stars, writing that, "Platinum & Gold Collection rounds up and remasters most of substantial hits from Braxton's past, in the process showcasing just how many great songs she'd recorded back in the mid-'90s, when she was among the biggest of big stars. However, he didn't like the inclusion of A Better Man and Hit the Freeway, writing that, "these songs are good, but they're not great, especially relative to songs like, say, 'You're Makin' Me High,' one of Braxton's best and one that's unfortunately missing here (a very glaring omission). So while Braxton's Platinum & Gold Collection is a nice compilation -- one that includes many of her most memorable hits and does so in first-rate fashion, in terms of remastering as well as packaging -- it's a compilation that is sure to leave you unsatisfied. You'd be better off spending the extra money to pick up a more definitive collection like the 18-track 'Ultimate Toni Braxton' from 2003 than this 50-minute budget-line CD."