What is a platinum spot price?

Platinum is sold by the troy ounce (slightly lighter than the standard ounce). The platinum spot price is simply the price of one troy ounce of platinum at that particular time. With that being said, you will not pay this price of platinum if you are buying the metal. Many different factors affect platinum prices.

Are the platinum prices per ounce the same?

ARE THE PLATINUM PRICES PER OUNCE THE SAME AROUND THE GLOBE? One troy ounce of platinum is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of platinum can be higher or lower based on the value of a nation’s currency.

How much does platinum cost per troy ounce?

Platinum was once the most expensive of the precious metals traded, maxing out at 1,000 US dollars per troy ounce. That is no longer the case as it has been surpassed by gold. Platinum is both malleable and ductile and can be extracted from ore that contains platinum group elements (PGM). (read more)

How do I buy platinum?

You can then purchase platinum at the prices shown using BullionVault. We give you the fastest platinum price updates online, with live data processed about every 10 seconds. There is no need to refresh your browser. This chart also gives you up to 20 years of historical data, so you can see the long-term trend in platinum pricing.