Our platinum price chart displays the live spot price in the professional platinum bullion market. By using our chart to keep an eye on the price of platinum, you will know exactly when to make your move and buy platinum at the prices displayed on GoldCore.
We provide fast live platinum price updates along with historical data so that you can observe how platinum prices have changed over time and see long-term trends in pricing.
GoldCore's platinum price chart allows you to choose between four different currencies: Euros, British Pounds, US Dollars, and Australian Dollars, when looking at the chart.
The above chart displays the spot price of platinum in Euros. The platinum pricing chart provides a good overview of current or monthly movements for those considering buying or selling platinum. The prices can also be viewed in British Pounds (£), US Dollars ($) or Australian Dollars (A$).
The price of platinum in Ireland is currently governed by world market demand, which is dominated by two primary factors: industrial demand and investor interest. The above platinum chart depicts the current platinum price in Euros (€). There is also the option to view today's platinum price in British Pounds (£), US Dollars ($) or Australian Dollars (A$).
The price of platinum can change at any moment, depending on availability, demand, as well as the currency in which the buyer intends to pay for it.
However, you can track the price of platinum in real-time on our platinum pricing chart for instant, accurate data. We have a live price per ounce always available. This price is influenced by a number of factors, with supply being one of the most important. Platinum supply has a significant impact on the price per ounce in Ireland. As with many natural resources, the easy to obtain platinum has been removed. The remaining platinum has a higher financial and environmental cost of extraction. These harder to reach deposits raise the cost of mining and could contribute to higher prices of platinum in the future.
Each year, much less platinum is extracted from the ground than gold. Since it is significantly rarer, platinum generally fetches a higher price than gold during periods of stability.
As with other precious metals, the price of platinum is influenced by supply and demand. Automotive catalysts, which are used to reduce the harmfulness of pollutants, have the highest demand for platinum.
Following the automotive catalysts, the majority of demand is for catalysts used for petroleum and chemical refining, the computer sector, jewellery, and, of course, investing.
The price of platinum is also determined by mine production. Most platinum comes from mines based in South Africa and Russia, which can lead to problems, such as the massive miner's strike in South Africa in 2014 or the Russia invasion of Ukraine. These two countries also have regular episodes of political unrest, which can impact mining and, ultimately, supply. If supply is affected, so is the price
Like other precious metals, platinum is priced per troy ounce. The benchmark price or current platinum price is quoted per troy ounce.
The London Metal Exchange publishes the LBMA Platinum Price twice a day, at 09:45 GMT and 14:00 GMT, which is used as a basis for platinum pricing.
A troy ounce is different from a normal or avoirdupois ounce. A troy ounce is equivalent to 31.1 grams, while a regular ounce is smaller, measuring 28.35 grams. The troy ounce is only used to measure the weight of precious metals like platinum.
To get the price of platinum per gram, we divide the troy ounce price of platinum by 31.1.
As an investor, you might want to know what the price of platinum is per kg. To get the price of platinum per kg, we multiply the troy ounce price of platinum by 31.1.
The platinum spot price is the price a wholesale bullion bank will pay for platinum that will be delivered to their vaults within two business days.
Since it is viewed as a store of value, the spot price of platinum constantly fluctuates based on factors like:
The price of platinum is volatile and can alter on a minute-by-minute basis due to market forces. On the GoldCore platinum price chart, you can track the platinum price in the currency of your choice, and stay in the know no matter how often the value changes.
The spot price of platinum is calculated based on its weight and purity. It is worth the amount of troy ounces of platinum multiplied by the wholesale spot price for a troy ounce of platinum.
The platinum futures price is the amount you will pay for an ounce of platinum delivered at a later date.
Unlike an OTC market, a futures exchange does not deal in the buying and selling of physical platinum bullion. Rather, the trades are intended to involve platinum-backed assets like platinum derivatives, which are used to hedge against risk or future price movements in the platinum market.
There is no such thing as the "right" price for buying or selling platinum. The platinum price reflects underlying influences in the platinum market, such as supply and demand dynamics. This makes platinum, along with other investment-grade precious metals, one of the few proven financial insurances that can protect your wealth during tough times.
Therefore, it is best to focus on the fundamentals in the platinum market such as its rarity, limited production, as well as the expected risks in the global economy when deciding to buy or sell.
What will AI do to life as we know it? This is the question dominating so many platforms at the moment. From company boardrooms to government debates, the power of AI is something that is scaring and impressing in equal measure. So it was with interest when I spoke to James Rickards about his new book, […]
What has President Trump’s victory done to gold and silver? Well, gold and silver both took a pretty big hit yesterday but this is a ‘news driven move’ according to my guest this week on GoldCore TV. Chris Vermuelen joins us this week, and what a great time to have him on. I asked him if the US […]
David Hunter Called It Last Time, What’s Next?
Five Steps to Protect Your Portfolio with Physical Gold
Jim Rogers and his Survival Plan for the coming Debt Collapse
