Platinum Spot Price Chart / Platinum Price per Ounce

Platinum Spot Prices Platinum Price Today Spot Change
Platinum Price Per Ounce Platinum Price Per Gram Platinum Price Per Kilo $1,011.80 $32.53 $32,530.08 $7.70 $0.25 $247.56
02/17/18 04:59 PM EST Last Update

The spot price of platinum is the current price of an ounce of platinum, represented here by a graph showing its recent shifts. Bullion Exchanges provides you with a simple and easy to use chart of the platinum spot price to analyze and compare its rates, and the rates of other precious metals. Simply click on the specific Precious Metal tab that you are interested in to see its spot price chart.

Between the precious metal tabs and the graph chart is displayed a series of small tabs showcasing hour, day, week, one month, three months, one year, and maximum charts. This platinum price chart will help you simplify your analysis. To further refine the results, just hover your mouse over the chart you are on and you will get the price of Platinum per ounce for a particular time and date.


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Price of Platinum Alerts

You don’t have to closely monitor platinum prices anymore! To ease up your investment decision, we give you the opportunity to set up platinum price alerts. All you have to do is sign up for a Bullion Exchanges customer account and set customized alerts to receive the price of platinum or platinum product based on your criteria. These alerts will save you time by providing you with necessary information that can help you reach your desired targets, thereby improve your profits and reduce your losses. Learn about platinum price changes instantly by using our:

  • Platinum Price AlertsThe product price alert will notify you when a specific product in which you are interested, for instance, the Credit Suisse Statue of Liberty Platinum Bar, is available for your targeted price. By clicking on the “Price Alert” button and selecting the desired price and quantity, you will receive an e-mail message when the product reaches your established price. Now you have the chance to make the perfect purchase before the product gets out of stock.

  • Platinum Market AlertsYou can customize platinum market alerts to notify you when the platinum spot price targets reach your desired objectives. Just click on “Market Alert” icon, select “platinum” and set up your notification based on changes in price or percentage. When platinum reaches its low or high, according to your settings, you will receive a free e-mail alert so that you don’t miss another investment savings.

Manage your ‘Alerts’ section by creating your free Bullion Exchanges account or Logging in to your existing account. You will also receive newsletters, daily deal alerts, reward points notifications (when they are near expiration) and 500 Bullionaire Bucks for the new Bullion Exchanges customer account!



How is Platinum price per ounce determined?

The occurrence of platinum is much rarer than both Gold and Silver. The relative low supply of platinum automatically raises the price of platinum. Platinum prices do keep fluctuating, and  investors must be aware of this fact. Since the fluctuation can be significant, one gets an opportunity to buy Platinum at a low price and sell it at a higher price.

So, how much is Platinum per ounce? Its price is influenced by several factors:

  • Reliant on Automobile Industry – Platinum is an industrial metal. The automobile industry uses more than half of the platinum produced in the world. It’s used for car catalytic converters which refine automobile emissions to make a cleaner and safer environment. Hence the automobile industry is one of the major and vital factors in determining the price of platinum.
  • Limited Availability – A majority of the world’s platinum comes from two places, South Africa and Russia. If these countries are involved in any natural disasters or go through any economic turmoil, it can certainly cause fluctuations in platinum prices.
  • Jewelry – Another major chunk of platinum is used in the jewelry industry. With more and more celebs patronizing platinum, the world has taken notice of the glistening white metal that is strong and does not bend out of shape, resistant to tarnishing and corroding. Any alteration in demand for platinum jewelry can directly affect the platinum price.
  • Uses in Medical Field – Platinum is used in laboratory equipment, dentistry equipment, and also has recently found use in treating cancer. The demand in the medical and various other electrical fields also influences to a certain extent the price of platinum per ounce.


What is Platinum spot price? / What does the “spot price” mean?

Spot price refers to the current price of any precious metal such as the price of silverthe price of gold, or the price of platinum per troy ounce at which it can be immediately bought or sold anywhere in the world. The spot price of platinum is the platinum stock price presented now on the stock market. The platinum spot price can be greatly influenced by the supply and demand of the metal. During times of economic turmoil or political instability around the world, rises or dips in the spot price can be very significant.


- Why should I care about the Platinum spot price?

Platinum prices are volatile and knowing about the platinum spot price will help you make a better investment. Bullion Exchanges alerts will provide you with email notifications when the spot prices reaches significant lows or highs.



- Platinum as an Investment/ Why Should I Invest In Platinum

Platinum, one of the rarest Precious Metals is gaining a lot of popularity in the recent years because of its diversified uses in several different industries. There are several factors which make platinum an appealing commodity to investors.

  • There is a huge demand for it in the automobile industry. The global growth in manufacturing has escalated the demand for metals such as platinum, hence making platinum a good opportunity for investors in the long terms.
  • Flexibility in investing options makes it easier to invest in platinum. One can buy platinum coins and bars, and future contracts. There are also ETF and equity options available to investors and collectors.


Platinum Spot Price FAQs 

Are the Platinum prices per ounce the same no matter where I live?

The platinum prices per ounce are the same around the globe. For instance, the price of platinum per ounce in the USA will be same as the platinum price in Australia, UK, China, India, France, Russia or any other country. This is done to avoid any kind of arbitrage. Dealers and investors can convert the spot price from USD into their own currencies.


Why can't I buy at the Platinum spot price? / What is a Premium?

When a precious metal like platinum is sold, it has a spot price and a premium. Spot prices are the same all over the world at any given time. When you contact a dealer to make an investment, you will be paying for the precious metal at a premium price which can be slightly higher than the spot price.

The premium price is a summation of the minting cost, transportation cost, storage cost, and dealer fee, which are added to the spot price. It is the final price you pay for your commodity. This premium or percentage is what will help investors decide on which dealer to buy the precious metals from.

For instance, a PAMP Suisse Platinum Bar or a Platinum American Eagle Coin can have different prices with different dealers. Some offer at a low premium while some offer at a high premium. This varies according to the supply and demand of the coins and bullion. Bullion Exchanges allows you to buy platinum with minimum premiums, and also delivers it for free right to your doorstep!


What are Bid and Ask prices?

The Bid and Ask are the two prices that are constantly used to describe the platinum price per ounce. The Bid is the current maximum price at which you can sell your platinum. The Ask price is exact opposite of Bid price. Ask is the current minimum price at which you can buy platinum.

The difference between the Bid and the Ask price is the Bid-Ask spread. If you plan on selling your platinum, the dealer will buy it from you at the Bid price, and if you plan on buying platinum, the dealer will sell it to you at the Ask price, and the spread will be the dealer’s profit. The Ask price will be always higher than the Bid price.


What is the difference between an ounce and a troy ounce when looking at a price of Platinum chart?

A standard ounce contains 28.349 grams, whereas a Troy ounce contains 31.103 grams, which means 1 Troy ounce contains 2.75 grams more. The precious metals like gold, silver, platinum are measured in Troy ounces and not the standard ounce. The measurement in Troy ounces matters and is significant when an investor buys in bulk. The Troy ounce has its origin in the French town of Troyes, and the U.S. Mint adopted it in 1828 for the regulation of coinage.


Why does the price for Platinum change so often?

Numerous factors come into play globally that affect the platinum market, including interest rates, foreign relations, indexes, monetary policy, macroeconomic trends, fiscal policy, and more. For the most up to date news and analysis on the precious metals markets, please read our Bullion Blog.

Each dealer may have different procedures when it comes to locking in prices for precious metals. A live price feed that automatically adjusts prices is used by most dealers, and you can see it constantly change until you reach checkout page for buying it. If you go too slowly with the checkout process, the system might display you an updated price to complete your order.


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