What is the Platinum Spot Price?
The spot price of Platinum is the price you would pay for a raw ounce of Platinum for immediate delivery. The spot price fluctuates constantly, making it important to stay up to date on current events, market conditions and other performance indicators, as they affect both buying and selling. The price for any Platinum product is the spot price plus a premium, which is added by all dealers to cover their overhead.
Platinum prices are quoted in ounces but can easily be converted into grams or kilos, depending on the quantity you want to buy or sell.
+ $9.80 ^
|Platinum Price Per Ounce||$850.80||$9.80|
|Platinum Price Per Gram||$27.35||$0.32|
|Platinum Price Per Kilo||$27,353.83||$315.08|
Top Platinum Bullion Products
APMEX Platinum Investment Tools and Alerts
At APMEX, we offer a number of tools to help our customers become better-informed investors. You can track your Precious Metals holdings, be alerted to spot price movements, request notifications on products that are out of stock and more. Learn more about all the tools and alerts available with your free APMEX account.Learn More
Platinum Price Recent News
When it comes to Precious Metals investing or collecting, knowledge is power. We are committed to helping you make the best decision about how to allocate your collecting or investment budget. Our Market Reports provide valuable information about the possible reasons behind movements in the markets.Read Our Market Reports
Platinum Price FAQs
When looking at the Platinum price chart, you will discover an ounce is not a "regular" ounce. Typically, when Americans refer to ounces, they are referring to avoirdupois ounces. The Platinum spot price is calculated in troy ounces, which are equal to 1.09711 avoirdupois ounces. One troy ounce equals 31.1035 grams.
Platinum is traded at the same price per ounce, in U.S. dollars, no matter where in the world. While Platinum is traded in U.S. dollars, the price can easily be converted to local currencies.
The bid Platinum price per ounce today is the highest current market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Platinum to a dealer.
Many investors see Precious Metals as a way to balance their portfolio because they hold value when other investments falter, resulting in investors considering Precious Metals as safe-haven investments. As always, you should decide what investments make the most sense for your goals.
The Ask Platinum price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Platinum to you for the ask price.
Many investors make the most of their Platinum value by investing in a Precious Metals IRA, which is a Self-Directed IRA. Any profits on your Platinum investment can be tax deferred as long as the proceeds are kept with your reinvestment custodian or transferred to another IRA account, just like with regular IRAs.
The Spread is the difference between the Ask price and the Bid price. This spread is also referred to as the bid-ask spread and represents the dealer’s profit. The dealer pays you the Ask price when you resell Platinum, while you will pay the Bid price when you buy from the dealer.