Live platinum price

Platinum versus gold for buyers

For much of the 2000s platinum traded well above gold, but since 2015 it has usually been cheaper. Some investors see this as an opportunity, while others point to falling diesel car demand. Platinum is rarer than gold and is mined in very few places, which can lead to sharp rallies during supply disruptions. On the other hand, it is less liquid, so dealer spreads are wider. If you are choosing between metals for jewellery, platinum is denser and more durable than gold, naturally white, and hypoallergenic, which is why it is popular for engagement rings and wedding bands.

Platinum price per gram and kilo

At today's spot: 1 g $52.20, 10 g $521.98, 1 oz $1,623.55, 100 g $5,219.83 and 1 kg $52,198.34. These are melt values; bullion coins and small bars usually cost 5–10% more because of fabrication premiums.

How the platinum spot price is quoted

Platinum is priced per troy ounce of .9995 fine metal on the wholesale market. Most supply comes from South Africa, followed by Russia, Zimbabwe and North America, so mining news from those regions can move the price.

Today platinum trades at $1,623.55 per ounce, or $52.20 per gram. The platinum-to-gold ratio is 0.39, meaning one ounce of platinum buys about 0.39 ounces of gold.

Platinum jewellery and bullion values

Platinum jewellery is usually stamped 950 (95% pure) or 900. Bullion coins such as the Platinum Eagle or Maple Leaf are 9995 fine. To value an item, multiply weight in grams by purity and by the price per gram.

A 6 g platinum 950 wedding band contains 5.7 g of platinum, worth about $297.53 in melt value today. A 1 oz bullion coin is worth about $1,623.55 before premium.

What moves platinum

Around a third of platinum demand comes from catalytic converters for diesel and some gasoline vehicles, with further demand from jewellery, chemicals, glass and, increasingly, hydrogen fuel cells. Because the market is small, supply disruptions and shifts in automotive demand can cause large swings.

Tips for platinum buyers

Platinum carries higher dealer premiums and wider buy/sell spreads than gold. Check the 30-day chart below to understand recent volatility before buying, and compare offers per gram of pure platinum when selling jewellery.

Separate a platinum product from an alloy estimate

A platinum jewelry mark such as 950 describes a metal fraction, not the whole object’s net weight. Gemstones, mechanical parts and mixed-metal settings need separate treatment. If a ring’s net platinum-bearing alloy weighs 10 g at 950, its nominal platinum content is 9.5 g; applying a fine-metal quote to the full gross object would overstate the reference. A professional assay may be needed for unmarked or complicated constructions. A visual color comparison cannot establish whether an item is platinum, white gold or another alloy.

For bullion, use the mint’s or refiner’s specified fine-metal content. A product can advertise a fine ounce while its gross weight includes alloy, so avoid applying a second purity discount to a content figure already stated as fine. Compare delivered prices with the matching currency and source timestamp. Dealer premiums, verification processes and buyback terms can vary by product and availability; there is no universal spread promised by this website.

Consider resale access before purchasing an unusual product. Platinum has different demand and buyer networks from gold, and a dealer may have a minimum quantity, testing requirement or delayed settlement. Ask for an actual buyback quote to understand the transaction rather than relying only on a price chart. For jewelry, a recognized maker, intact stone or desirable design can have a second-hand route beyond metal recycling.

Tax rules must be checked for the specific country and product. A qualifying investment-gold exemption does not automatically cover platinum. These spot references exclude taxes, shipping, storage and processing charges. Live data is cached for five minutes; the quote timestamp is the freshness indicator. Recorded market performance is context, not a promise that a price relationship with gold will return to a chosen level.