The traditional answer to the effects of steroidal hormones on bone growth is that estrogens cause closing of the growth plate (epiphyseal plate) while androgens do not. An open plate allows continued growth of the long bones while a closed plate halts growth.
Testosterone is metabolized by the cytochrome P450 aromatase enzyme complex into 17β-estradiol, and increasing evidence indicates that at least part of the effect of androgens on bone is mediated by their aromatization to estrogens.Low testosterone can result in loss of bone density, increasing risk of fracture. The following below links may help you.
Testosterone possesses strong androgenic and anabolic effects that are important for both women and men, despite that men produce significantly more testosterone than women. For example, bone growth and maintenance are significantly influenced by testosterone.