Live platinum price in USD

Here you can find the live price chart for the current platinum price in USD. Choose your preferred time range, weight and currency to monitor platinum price trends.

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Performance of the price of platinum in the past 24h in USD (per gram)

Last update: Jul 18, 2024, 3:59 PM

1 h6 hours12 hours16 hours20 hours1 day

-0.14%

-1.68%

-0.6%

+0.58%

-0.32%

-2.52%

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Platinum price today by weight and carats in USD

The price of platinum can vary due to various economic factors which influence demand. It is often quoted in ounces (oz) or grams. Here is today's platinum price in USD.

Last update: Jul 18, 2024, 4:00 PM

WeightCurrent PriceDay MinDay MaxDay AverageDaily Performance

Gram

31.9
31.72
32.75
32.12

-2.53%

Kilo

31900.27
31717.01
32745.19
32124.94

-2.53%

Ounce

992.21
986.51
1018.49
999.2

-2.53%

Ton

31900268.46
31717009.34
32745189.45
32124936.23

-2.53%

The historical performance of the platinum price in USD

This platinum price chart shows you the history of the price of platinum in USD.

Last update: Jul 18, 2024, 3:59 PM

1 day1 week1 month6 months1 year5 years10 years20 years

-2.52%

-0.33%

+2.03%

+13.05%

+1.27%

+19.11%

-33.23%

+26.72%

Platinum prices today by currency (per gram)

The price of platinum varies depending on whether you're looking at it in euros, US dollars, Swiss francs, or British pounds. This table allows you to track the platinum prices in each currency, as well as their daily performance.

Last update: Jul 18, 2024, 4:00 PM

CurrenciesCurrent PriceDay MinDay MaxDay AverageDaily Performance
29.23
28.99
29.94
29.38

-2.28%

28.2
28.03
28.96
28.39

-2.58%

USD

31.9
31.72
32.75
32.12

-2.53%

24.58
24.38
25.13
24.7

-2.12%

AUD

47.2
46.91
48.46
47.52

-2.58%

CAD

43.49
43.23
44.66
43.79

-2.58%

CNY

230.92
229.51
237.13
232.5

-2.58%

INR

2658.08
2641.89
2729.57
2676.31

-2.58%

JPY

4981.05
4950.72
5115.01
5015.22

-2.58%

Why buy platinum?

Platinum is an important metal in many different sectors, from technology and healthcare to jewellery. This means it has strong industrial demand and is likely to increase in value when there is a supply shortage.

Platinum may be a good investment choice for people who want to diversify and grow their investment portfolios.


Trends in the platinum price in US dollars in ounces

The platinum price spiked in the late 2000s, when the US experienced its worst economic crisis since the 1930s.

Since then, the platinum price in USD has been unpredictable, influenced by supply and demand, and the performance of USD itself. Because platinum is primarily denominated in USD, fluctuations in exchange rates (forex) can have a big impact on its price in other currencies such as the EURO, GBP and CHF.


What are the economic indicators that affect the platinum price in USD?

The platinum price in US dollars is most often shaped by global supply and demand. But market trends and macroeconomic factors such as inflation, interest rates, GDP forecasts for the USA, China, the EU and the UK economy, can also play an important role in the demand for platinum.


Where does platinum come from?

South Africa is, by a large margin, the world's biggest producer of platinum, followed by Russia and Zimbabwe. Therefore, disruptions to South Africa’s supply is likely to have a big impact on the price of platinum in USD, while disruption to the supply from other regions will have a lower impact.

  • While most platinum is priced in USD, much of the world's platinum trading actually takes place in the London bullion market.
  • Its members belong to the London Bullion Market Association (LBMA), which markets itself as the 'global authority on precious metals'.


What else can affect the platinum price in US dollars?

The platinum price in USD can also be affected by:

  • Trends in the automotive sector, due to its use in catalytic converters
  • Geopolitical events, such as wars
  • Economic news, such as US inflation, Eurozone GDP, etc.


How to buy platinum in US dollars

You can diversify your portfolio with platinum by investing in ETFs or futures contracts, or by purchasing physical precious metals. Owning bars and coins provides the most direct form of ownership, as you are the sole owner.

All platinum products on our website meet the .995 purity standard, which means they are suitable for investors. Before you buy, check the latest platinum price in US dollars, which is always kept up-to-date on our website.

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Frequently asked questions

Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.

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.

How much does 1 gram of platinum cost?

The cost of 1 gram of platinum can vary depending on the provider. The metal value of fine platinum is determined daily in an independent auction, but vendors typically sell platinum at a percentage premium over the pure metal value. At GOLD AVENUE we offer a diverse selection of high quality platinum products.


Does the price of platinum change?

The price of platinum is actually subject to regular fluctuations and is determined daily in an independent auction by the LBMA (London Bullion Market Association). Therefore, it is advisable for investors to continuously follow the news and keep an eye on the current platinum price.


What affects the value of platinum?

The value of platinum is influenced by numerous factors, such as market supply and demand, interest rates, geopolitical uncertainties, inflation expectations and the strength of the US dollar. Due to possible interactions between these factors, it is advisable for investors to follow the latest news closely.


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