How much is 1 gram of platinum worth?

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How much is 1 gram of platinum worth?

Internationally, the platinum price, which is 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 quoted in US dollars per troy ounce. To determine the GBP platinum price for 1 gram, the weight as well as the dollar to pound exchange rate must be taken into account. With GOLD AVENUE this conversion takes place automatically.

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