How much is 1 gram of platinum worth?

Internationally, the platinum price, set by the LBMA London (London Bullion Market Association) or the LME , has a significant influence on the value of fine platinum. Auctions for both platinum and palladium take place twice daily, once in the morning from 9:45 a.m. and once in the afternoon from 2:00 p.m. (London time). Once the platinum price is determined, the palladium auction begins.

It is important to note that the price of platinum is often quoted in US dollars per troy ounce. To determine the USD platinum price for 1 gram, the weight must be converted.