Platinum value per ounce

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The story on the emergence of the US dollar hegemony. The United Allocating some of your investment dollars to precious metals is a wise decision. But doing your due diligence before you make a purchase is even wiser. The spot price of platinum is a fluctuating price used as the fair market value for platinum bullion at any given moment. This is wholesale value for a unit of platinum without any added premiums.

Platinum value per ounce

Attacks on ships passing through a vital trading route have reignited fears about higher oil prices and could drive up inflation. Amid a spate of attacks by Iran-linked Houthi rebels, several major shippers have delayed or re-routed ships. CEOs keep resigning after investigations find they failed to disclose relationships with employees. Cboe's Edward Tilly is the latest. Platinum was once the most expensive of the precious metals traded, maxing out at 1, US dollars per troy ounce. That is no longer the case as it has been surpassed by gold. Platinum is both malleable and ductile and can be extracted from ore that contains platinum group elements PGM. These elements include iridium, osmium, palladium, platinum, rhodium, and ruthenium. Platinum can also be extracted from sperrylite and cooperate ores. Because of its high boiling point, and its resistance to water, air and many acids, platinum is used primarily to manufacture automotive catalytic converters, in the chemical and electrical industry and in petroleum refineries. The price of platinum is determined by the global auto industry, air quality regulations, changes in catalytic convertor technology, the availability of substitutes, and investment demand. Search markets. News The word News. My Watchlist. Business Insider logo The words "Business Insider".

Are platinum prices manipulated? In the USA, certain states have sales tax on platinum bullion products. The tools and platinum price charts on this page are designed to allow you to determine the platinum price at a glance.

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. To the right are live platinum spot prices per troy ounce, gram, and kilogram. You can also see hour trends for each weight. Share live platinum prices with your website followers or on your blog, using our free platinum price widget. To get started, please select one of the size dimensions from the drop-down menu below, and copy the code from the Widget Code text box and paste it into the desired position in your page.

By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. To the right are live platinum spot prices per troy ounce, gram, and kilogram. You can also see hour trends for each weight. Share live platinum prices with your website followers or on your blog, using our free platinum price widget. To get started, please select one of the size dimensions from the drop-down menu below, and copy the code from the Widget Code text box and paste it into the desired position in your page. If you have any trouble, please contact us at support jmbullion. The platinum spot price is the price of platinum available for delivery now. Platinum is priced by the troy ounce, which has been the standard weight for precious metals since the s in the US and much longer elsewhere in the world. The spot price of platinum is influenced by several factors including the state of the economy, political events, strength of various currencies, and many other macroeconomic factors.

Platinum value per ounce

JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. View the live platinum spot price per troy ounce, gram, and kilogram. You can also see the hour price trend for platinum.

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Subscribe to our mailing list. With that being said, it is crucial that you go into buying platinum with the right mindset. With the pace of economic activity and commerce in modern society, it is important that market participants have access to markets in where they have financial interests or price risk exposure. While technically one could buy futures contracts and take delivery on those long positions at expiration, it is not typically done. Numismatic value varies by collector demand and region. To compare the live prices of platinum and gold — and view historic pricing trends — view BullionVault's live pricing charts. You have not been active for some time. Not only is platinum the world's premier jewellery metal — due to its rarity and hardness — but demand for platinum also remains high for its use in high-volume industrial applications, such as the manufacture of fertilizers, petroleum and fibreglass. Are platinum prices in a longer term uptrend? How often is the platinum price changed? You can also see hour trends for each weight. How are the premiums over spot calculated? Business Insider d.

See historical prices below:. Since the beginning of , the price of platinum is down 5.

But both will provide a wealth preservation hedge against rampant price inflation and currency devaluation, as well as possible protection against other economic, distresses ahead. Some very good examples can be seen today, with strife in the South African mining industry contributing to a shortage of supply, which has, in turn, increased the platinum price per ounce. It all depends on the amount of capital you have to invest at the time. If you have any trouble, please contact us at support jmbullion. Yes, here at SD Bullion we are proud to offer a wide range of platinum bullion products, including the most popular platinum bars and platinum coins on the market today. Today, platinum is an invaluable metal used for any number of different purposes. From the price of platinum today, live platinum spot prices, to platinum price history, here we help you have critical platinum price information needed to make smart platinum bullion buying and selling choices. The platinum spot price is simply the cost of one troy ounce of platinum at that specific moment in time. What products might have the most cost efficient pricing and lowest premiums? For a purchase, your funds stay in your account and are reserved until the bullion is settled. Spot, in other words, doesn't necessarily reflect a price you might actually get from any individual bank or dealer, and it cannot reflect the spread between prices to buy and prices to sell. Is platinum traded 24 hours a day? View Charts. How is the spot price of platinum calculated? Sign Up for Our Newsletter:.