Aside from bullion, "paper platinum" is also available in the form of ETFs and certificates. Platinum backed exchange traded funds, for example, are designed to hold physical platinum and are purchased by some investors looking to gain exposure to platinum. When one is looking to sell metals to a dealer, the dealer may offer the current spot price or slightly below the spot price for one’s metals. Period Change ($) Change % 30 Days +30.00 +2.74%: 6 Months +161.00 +16.74%: 1 Year +141.00 +14.36%: 5 Years +213.00 +23.41%: Since 2000 +683.00 +155.23%: Live Platinum Price . Platinum Price Pre Ounce = 817.661 USD. Platinum Price per Ounce - View the price of platinum per ounce in UK GBP sterling (£). Platinum Prices bid ask +/-% high low; PLATINUM USD/Oz: PLATINUM GBP/Oz: PLATINUM EUR/Oz: More: Palladium Price bid ask +/-% high low; PALLADIUM USD/Oz: PALLADIUM GBP/Oz: PALLADIUM EUR/Oz: More: Share This Page. Overall, the correlation between precious metals and stocks and bonds appears to be quite low. Also available are Platinum services like cheap money transfers, a XPT currency data, and more. Ask Price: $1118. Traditionally, currencies that are … Get Platinum Ounce rates, news, and facts. There are other platinum related investment products, as well. 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. This allows customers to invest based on the most up to date market conditions possible. Online dealers typically utilize a live price feed that automatically adjusts their prices. 6 Month Platinum Price. Physical platinum bullion is most commonly found in coin, round and bar form with several size options for each. Platinum Price Per Ounce = 1108 US Dollar. It also offers platinum price history chart. In addition, mining companies may adjust their operations based on profitability and current platinum price levels. Platinum is priced by the troy ounce, which has been the standard weight for precious metals since the 1800s in the US and much longer elsewhere in the world. Platinum does trade on several futures exchanges around the world. You can access information on the Platinum price in British Pounds (GBP), Euros (EUR) and US Dollars (USD) in a wide variety of time frames from live prices to all time history. Privately minted platinum bars and rounds will likely be the best bet. The Platinum Price OZ is devoted to bringing you the latest Platinum price per ounce, gram and kilogram in major currencies, which updated every 1 minute. Platinum Price per Ounce in USD. The fact is, however, that most futures contracts these days are never delivered on. Browse some of our selection at the links below: Please note that JM Bullion is the only major retailer in the industry currently offering FREE SHIPPING on all orders to the United States. The current price of platinum as of … You can get started with as little as $100 (our minimum purchase). The platinum spot price updates every few seconds during market hours. No. Gold Price Vs Platinum News. The default representation of Platinum price is usually in Troy Ounces, but above we give the option to show Grams and … The Ask is always higher than the Bid, and the spread between the two prices is known as the bid-ask spread, which is a reliable measure of liquidity in any traded product. One can search online for information on this topic and try to draw his or her own conclusions. That being said, coin premiums can also fall. If one is looking to simply acquire as many ounces of platinum as possible, then simplicity is usually going to be best. The price of platinum is constantly changing based on market supply and demand, currency movements and other factors. Platinum is available for investment in many different forms including paper platinum and platinum bullion. The amount of money that a platinum coin or bar may sell for above the spot price may be determined by supply and demand, scarcity and product condition. Platinum has been showing a declining tendency so we believe that similar market segments were mildly popular in the given time frame. XPTUSD Symbol Info by TradingView. The record price of platinum happened on March 4, 2008, in US dollar prices per troy ounce. Price Update Feb 05,2021 17:21 UTC . As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency. Analysis and Opinion. Dealers often times have to buy products above the current spot price. For more information on individual states, reference our local buying guide. The price of platinum could go lower just as easily as it could go higher. Platinum Significantly Er Than Gold For Just The 2nd Time In. Press the "Refresh" button on your browser while holding down the key to refresh this page. Dollars per troy ounce. To learn more, read our full page on bullion IRA investing. Spot prices are used as reference points for dealers to calculate the price they should charge for physical platinum bullion coins, rounds and bars. A platinum ETF or certificate is basically a piece of paper that says a bank or financial institution is holding a specified amount of platinum for you without you ever seeing that metal. Redistribution Notice: Kitco charts may be reproduced and redistributed in any print or electronic form provided that "www.kitco.com" is indicated as the source. The spot price of platinum is … Get value Look no further for spot prices! Is the Platinum Price Always Lower Than Gold and Palladium Prices? As per other metals, the platinum spot price is ever changing and is the price of platinum available for delivery at that exact moment. Platinum Price History can be seen in the following nearly 140-year platinum price chart which illustrates platinum price history in US dollar values per troy ounce. There is a very specific process for taking delivery on platinum futures contracts and there are also costs associated with it. Some investors enjoy owning government minted coins while others prefer paying lower premiums for bullion bars and rounds. Click Here to Set Up FREE Spot Price Alerts Check live and historical platinum prices with … View charts, graphs and more. Platinum Price Per Ounce Spot Today. Platinum prices can exhibit volatility just as any other commodity can. For example, if one is located in the UK, they could simply take a current price of $1480 USD per ounce and convert that $1480 USD to British Pound Sterling (GBP) at current exchange rates to come up with the local currency price per ounce in England. Platinum is measured in troy ounces. What is considered too volatile these days? The bottom line is, if one is looking to acquire platinum or precious metals, then paying dealer premiums is part of the equation that must be considered. Bids represent an offer to buy, while Asks represent an offer to sell. Day's Range: $1106 - $1133. The default representation of Platinum price is usually in Troy Ounces, but above we give the option to … As recently as 2017, platinum traded at a steady premium to palladium. These funds may not, however, closely track the price of platinum. Each troy ounce contains about 31.1034768 grams which is slightly higher than a standard ounce which is only 28 grams. Finding platinum prices per gram involves dividing the price per ounce by 31. The chart above shows the price of Platinum in USD per Troy Ounce for Live. The platinum scrap calculator will show you the price for 100% pure platinum, unless you indicate a lower percentage. Because online bullion dealers have more overhead cost wiggle room, online dealers are often able to offer substantial savings to customers over brick and mortar coin shops. Today, the platinum price per gram in Hyderabad is INR 2,900.00, today's platinum price per tola in Hyderabad is INR 33,825.03, platinum price per ounce today in Hyderabad is INR 90,200.08, today's platinum price per kilogram in Hyderabad is INR 2,900,000.00. The 46 Year Record Of Platinum Gold Ratios Kitco News. Jewelove Platinum V S Gold Historical Price Comparison Chart. The dealer premium, as it is often called, represents the price at which a dealer will buy platinum or other metals and the price at which a dealer will sell platinum or other metals. Platinum is a natural resource that must be mined, and any stoppages in mining can potentially cause supply shortages that in turn may drive prices higher. Exchanges and markets can take the current spot platinum price in USD and convert the price to local currency. In the last half of 2016, platinum started at $1,057 per ounce on July 1, but ended the year around $900 per ounce. And as recently as 2014, platinum commanded a higher per-ounce price …   As of July 20, 2020, gold was trading at $1,851 an ounce compared with $957.40 an ounce for platinum. When one buys an American Platinum Eagle, for example, the value of the coin may go up based on rising platinum prices, but it can also go up on rising coin premiums. The price shown is in U.S. If you have any trouble, please contact us at support@jmbullion.com. On that day, the platinum hit a record high price of $2,276.00 oz USD in the AM London Fix. Platinum, gold, and silver are seen as safe havens of sort in times of financial and political turmoil. Keep up-to-date by reading our articles from bullion industry leaders and commentators. While technically one could buy futures contracts and take delivery on those long positions at expiration, it is not typically done. Lower overhead costs may equate to lower profit margins for competitive online dealers and smaller premiums for online bullion buyers. Current Platinum Price Per Ounce. Platinum Price Today Of Per Ounce 24 Hour Spot Gold are platinum silver a better investment option than what is palladium metal what is palladium metal palladium vs platinum white gold which is best for you platinum prices vs gold macrotrends platinum versus gold both precious metals but which is more. No. We work with a number of Platinum IRA custodians who provide “self directed IRAs”, which allow the investor to purchase physical platinum bullion and receive the IRA tax benefits on the investment. Each dealer may have different procedures when it comes to locking in prices on precious metals. XPTUSD Chart by TradingView . One Year Platinum Price USD per Ounce Period Live Today Week Month 3 Month 6 Month Year 3Y 5Y 10Y 15Y 20Y 25Y All Time; Metal Gold Silver Platinum Palladium; Weight Grams Ounces Kilograms; Currency US Dollar Euro British Pounds; Platinum Price Last Year; Current Price $ 1,121.00: Year High $ 1,129.00: Year Low $ 593.00: Year Change $ 145.00 (14.86 %) Metal Price Alerts When the price … The dealer will take into account current spot prices, as well as their cost on the coin or bullion, and then apply their markup. Platinum trades nearly around the clock these days, and like many other commodities, is always in the process of price discovery around the globe. MARKET IS CLOSED (Will open in 33 hrs. Although platinum has recently been trading a discount to its sister metals, that is historically unusual. Because we offer many fractional platinum products, as tiny as 1 gram weight, investors do not need a full ounce worth of cash to get started. Of course, mining issues or other factors could potentially cause the price of platinum to move significantly different than the prices of gold or silver. The United States platinum eagle, for example, has a face value of $100. Bid Price: 817.661. 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. Many economic factors affect the price of platinum, including interest rates, macro-economic trends, indexes like as the Dow Jones Industrial Average, monetary and fiscal policy, foreign relations, and more. There are many differences between brick and mortar coin shops and online bullion dealers. Absolutely. It also provide with Platinum price history chart for the past 30 days,90 days, 1, 5, 10 and 20 years, Platinum Price Calculators and Platinum price news. GoldBroker.com mobile app Download our mobile app for iPod and iPad from the Apple Store. Yes. That same morning the US dollar price of platinum was more than 2Xs the fixed price of gold ($981.75 oz USD), more than 4Xs the fixed price of palladium ($588.00 oz USD), and over 100Xs that … That said, when it comes to platinum’s chart pattern(s) we see that platinum is preparing an unusually powerful bullish breakout which would bring the price of platinum to $1350/oz, and next to $1500/oz in 2021. All of the products on our website are priced based on a premium to spot price; therefore, you will notice that prices update every few seconds during market hours. Free tool to help with gold and silver buying and selling decisions, Real-time gold scrap value calculator for professionals, Calculate precious metal dimensions, weights and purity, Real-time gold scrape value calculator for professionals, Press the "Refresh" button on your browser while holding down the key to refresh this page Use the scrap platinum melt value calculator to find out how much your items are worth in platinum content, or to decide what you may want to pay based on the spot price of platinum. The price of platinum is in a constant state of discovery and can have extremely volatile periods. Popular platinum prices charts include the platinum price today, the platinum price per gram and the live platinum price. Any investment carries with it the risk of loss. Once you advance to Checkout, your prices are locked in and displayed on the right side of the checkout form. The platinum spot price is calculated using the most active near month futures contract. ABC Bullion’s website automatically updates every five minutes to ensure accuracy, whilst allowing enough time for clients to buy platinum or sell platinum. These checkout cart prices are frozen for 10 minutes while you complete the checkout process. Silver Vs Platinum Price … 1 Year Platinum Price. The default representation of Platinum price is usually in Troy Ounces, but above we give the option to … Over the past decade or so platinum prices have increased overall, catching the attention of many investors. Learn about gold market … Prices Updated: Feb 01, 2021 at 23:01 NY Time Dealers, therefore, must charge more for credit card purchases to cover these higher merchant fee surcharge costs or the bullion dealers would operate at a loss and not be able to even offer the service at all. US Dollar. Platinum rarely finds itself trailing behind both gold and palladium. Platinum is traded across multiple time zones and on multiple exchanges such as New York, Hong Kong, Zurich, and Sydney. The price of the coins, however, is based on the coin’s platinum content, not the face value. Many people look to precious metals such as platinum to help protect themselves against the devaluation of the dollar and fluctuations in the stock market. Platinum did have a major collapse in prices back in 2008 which some attributed to the auto industry crises, but platinum prices then began a quick recovery in price. GoldBroker.com mobile app Download our mobile app for iPod and iPad from the Apple Store. JM Bullion offers a wide variety of quality physical platinum products at the lowest prices in the industry. They then look to resell them at a higher price to turn a profit. Commodities are obviously very widely traded vehicles for end users, financial institutions and banks, as well as retail investors. No, as mentioned previously, the dealer will use the spot platinum price as a guide. Get value Look no further for spot prices! Our applications are powerful, easy-to-use and available on all devices. You can also see 24-hour trends for each weight. The potential manipulation of precious metals prices has been a hot topic of debate for some time. PlatinumPrice.org - The No. The chart above shows the price of Platinum in USD per Gram for Today. Since 1987, platinum has usually traded at a higher price than gold until September 2008. In the USA, certain states have sales tax on platinum bullion products. Depending on which state you are located in, and where you purchase your silver, you may be liable to pay sales or use tax on the purchase. Gold Investment Guide. Platinum prices are presented in spot price per ounce. To the right are live platinum spot prices per troy ounce, gram, and kilogram. If you are looking to buy platinum, you would pay the Ask price, while if you are looking to sell platinum, you would receive the Bid price. Yes — the price of platinum is the same all over the world. Platinum and precious metals at times exhibit a positive correlation to the equities markets and at other times exhibit a negative correlation. Platinum Price Charts. Looking … Platinum Price Provides live platinum prices . Currency Ounce Gram … 1 Troy Ounce ≈ 0,031 Kilogram Platinum Price Per 1 Kilogram 35397.97 USD 1 Troy Ounce ≈ 1,097 Ounce Platinum Price Per 1 Ounce 1003.52 USD Metal Prices; Metal Price Per Ounce Price Per Gram; Gold: 1 538,10 € 49,451 € Silver: 23,776 € 0,7644 € Platinum: 930,18 € 29,906 € The spot price of platinum is quoted as the price for one troy ounce of platinum in U.S. dollars (USD). Menu. The price can be viewed in any time frame you choose between 1991 and today in three different weights, per ounce, gram and kilogram, as well as in three different major world currencies including British EUR (£), US Dollars ($) and Euros (€). ARE THE PLATINUM PRICES PER OUNCE THE SAME AROUND THE GLOBE? Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. PGM Headlines. Platinum Price per Ounce (AUD)-1.03% 3.67% 5.21% 2.59% 13.94% -19.22% -12.17% Get the daily closing platinum price since 2010. We also have a temporary $299 order min. This is the highest face value to ever appear on a United States bullion coin. Yes, platinum coins do have face values. Platinum Price History . For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030. If you do the math, then the 10 ounce bar offers a savings of $30 per ounce. Spot prices remain static during that 45 minute down period from 5:15 PM EST to 6:00 PM EST each weekday, as well as from 5:15PM EST on Friday until 6:00 PM EST on Sunday. View the current price of platinum and platinum price historical charts. Disclaimer:Foreign exchange rates and spot prices are delayed.The results are for indicative purposes only which may not match our offered pricing. You can access information on the Platinum price in British Pounds (GBP), Euros (EUR) and US Dollars (USD) in a wide variety of time frames from live prices to all time history. About the Platinum commodity forecast. The per ounce cost will generally go down as the amount of ounces purchased goes up. Right here on our website, of course. PGMs could be next to attract Reddi.. 05-02-21; LBMA Launches 2021 Precious Metals .. 05-02-21; Platinum … For some products, margins are razor thin while for other products the dealer stands to make a larger profit. One troy ounce of platinum is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of platinum can be higher or lower based on the value of a nation’s currency. One other leading indicator, platinum’s COT report as per platinum’s futures market, suggests there is no major peak right now. Price volatility can be important but may not be as big of a factor for someone buying physical platinum products that are not leveraged with the intention of holding them as long term investments. In the first four months of 2017, platinum price per ounce jumped from around $900 to $950, with a top price of $1,036.10 on February 27th. Although one can take delivery on many different futures contracts, the majority of contracts are closed out prior to expiration or are cash settled. The platinum spot price is the price of platinum available for delivery now. This is one of the reasons that some feel precious metals can potentially play a valuable role in portfolio diversification. Platinum Price In Other Currency. By creating an account, you are agreeing to the Terms of Service and the Privacy Policy. This page provides platinum price per ounce in USD, and also shares platinum price per ounce in other major currencies (such as platinum price per ounce in EURO). Between domestic and foreign exchanges, spot platinum prices update Sunday through Friday, from 6:00 PM EST to 5:15 PM EST each day. 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. The general rule is the smaller the bid-ask spread is, the more liquid the asset is. For example, if one is located in the UK, they could simply take a current price of $1480 USD per ounce and convert that $1480 USD to British Pound Sterling (GBP) at current exchange … Historical Platinum Price Performance in USD. Typical merchant fee surcharges are higher than a bullion dealer’s entire product margin. These options are different from physical platinum bullion in the sense that the owner never actually gets to hold the platinum in their hands. If the markets are flooded with platinum supply, then mining companies may elect to scale back operations in order to soak up some existing supply and bring the supply and demand equation back into balance. We suggest that investors always do their own research and due diligence when looking at any market. Dealer markups can range quite a bit. Price Spot Change; Platinum Price Per Ounce: $1,143.80: $34.80: Platinum Price Per Gram: $36.77: $1.12: Platinum Price Per Kilo: $36,774.00: $1,118.85: Live Metal Spot Prices (24 Hours) Last Updated: 2/5/2021 5:00:13 PM ET Ask Price: 820.932. SHOP: 1 oz Platinum Coins | 1 oz Platinum American Eagle | 1 oz Platinum Bars. When it comes to physical platinum, bars and rounds typically carry the lowest premiums over spot price. In addition, stocks can exhibit a large degree of volatility at times, as well. Platinum Price per Ounce in Euros . The fact is that online dealers typically have much lower overhead costs than a storefront operation. When it comes to bars, one will usually get the best available per ounce pricing by purchasing 1 ounce bars or larger. In addition, one can only take delivery of exchange approved “good-delivery” products. As of 2021 February 06, Saturday current price of Platinum is $1135.400 (per ounce) and our data indicates that the commodity price has been stagnating for the past 1 year (or since its inception).. View the platinum price in other currencies, weights and time periods. In any case, there are a vast amount of options available in terms of this investment vehicle. Platinum typically trades for a premium over gold prices. That being said, a chart of platinum prices going back to the year 2000 does seem to exhibit an uptrend in prices. By accepting credit card payments, an online dealer is responsible for merchant fees of up to 4% for each transaction. PGMs could be next to attract Reddit crowd. This allows our customers to keep their transaction fees on platinum bullion purchases to an absolute minimum. Bid Price: $1108. Share live platinum prices with your website followers or on your blog, using our free platinum price widget. This near month futures contract will not always be the front month contract, but rather the near month contract with the most trading volume. 30 Day Platinum Price. 1 live platinum price site, includes historical Platinum prices The difference between the spread represents the dealer’s gross profit. Platinum Price per Ounce (EUR)-0.28% 4.33% 5.96% 6.60% 14.43% -31.06% 44.07% Get the daily closing platinum price since 2004. PGM News. As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency. Subscribe to the JM Bullion newsletter to receive timely market updates and information on product sales and giveaways. Current Platinum prices in over 100 currencies. Today, the platinum price per 10 grams in Hyderabad is INR 29,000.00, today's platinum price per sovereign in … In addition, when one buys shares in an ETF, they do not take physical delivery of any metal. In addition, platinum has different industrial uses that may affect prices. © Copyright 2021 JM Bullion. 53 mins.) Buy Platinum. When buying platinum or other precious metals online, different dealers have different procedures when it comes to locking in a price. The chart above shows the price of Platinum in GBP per Troy Ounce for Last Month. This Platinum Price History page covers more than half the entire timeframe platinum has been scientifically recognized by mankind. The term "futures contract" simply refers to the fact that the contract is for a specific commodity and for a specific delivery date in the future. Precious metal prices for gold, silver, platinum and palladium from the Perth Mint, one of Australia s premier manufacturer and worldwide distributor of gold investment products Following the direction of the WA State Government the Perth Mint is currently closed to all visitors and non essential staff effective from 6pm Sunday, 31 January 2021 until 6pm Friday, 5 … Precious Metals Investment Comparison Charts Gold Platinum And . Enter your email address and we will send you a link to reset your password. Feb 05, 2021 16:59 NY Time. US Dollar; Australian Dollar; Canadian Dollar; Euro ; … If you take longer than 10 minutes to complete the checkout process, you will have the option to approve the new, updated prices to finalize your order. Although platinum will not always move with gold and silver, it often does as investors look to buy precious metals or sell precious metals. Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. All Rights Reserved. Once In A Lifetime Platinum Nysearca Pplt Seeking Alpha. There are 32.151 troy ounces in one kilogram of platinum. 5 Year Platinum Price. NOTE: Due to extreme order volumes, please expect shipping delays of 10+ business days. Platinum coins will usually carry a bit of an additional premium, due to the fact that they are government minted and also carry a face value in their country of origin. I would like to know how much my bullion is worth with a spot price of. Platinum and other metals are sold by dealers with a premium to the current spot price. A brick and mortar store, for example, may set prices at the beginning of the day and adjust those prices based on market movement. Glossary. Platinum futures primarily trade on the NYMEX with a lot size of 50 troy ounces. 60 Day Platinum Price. You can access information on the Platinum price in British Pounds (GBP), Euros (EUR) and US Dollars (USD) in a wide variety of time frames from live prices to all time history. At JM Bullion, when you add products to your Cart, the product prices are “fluid” and will continue to change until you advance to Checkout.   Platinum Spot Price Spot Change; Platinum Price per Ounce: $1,143.15: 0.00 0% Platinum Price per Gram: $36.75: 0.00 0% Platinum Price per Kilo: $36,753.13: 0.00 0% Swipe Left to See More. Online dealers typically work on very thin margins. In other currencies, weights and time periods allows customers to keep their transaction fees on bullion... Is, however, closely track the price of platinum happened on March 4, 2008 in! Are typically quoted in U.S. dollars ( USD ) platinum Eagle, for example, has face... Of debate for some products, as well Hong Kong, Zurich, and more is also in. While Asks represent an offer to sell it the risk of loss blog using. Lowest premiums over spot price of platinum is available for delivery now update Sunday through Friday, from PM! 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