What is a platinum spot price?

The platinum spot price is simply the cost of one troy ounce of platinum at that specific moment in time. Spot prices change quickly, and you may find that the price of platinum can rise or drop within minutes. We ensure that our platinum prices are always accurate and updated constantly. What currency is platinum traded in?

What currency does platinum trade in?

The spot price of platinum is quoted as the price for one troy ounce of platinum in U.S. dollars (USD). Does platinum only trade in U.S. dollars? Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency.

What is the currency code for platinum bullion?

Platinum bullion has the ISO currency code of XPT. Ingots, coins, and bars are traded or collected, similar to gold and silver bullion. The price of platinum is more volatile than gold prices or silver prices. In fact, the price chart of platinum varies widely. For example, platinum plummeted to a loss of almost 2/3 of its value in the year 2008.

Why is the price of platinum more volatile than gold?

The price of platinum is more volatile than gold prices or silver prices. In fact, the price chart of platinum varies widely. For example, platinum plummeted to a loss of almost 2/3 of its value in the year 2008. The price of platinum tends to be double the price of gold during times of sustained economic growth and stability.