Gold to Platinum Ratio
Live Gold to Platinum spot price chart
Select your preferred metal or cryptocurrency from the comprehensive list below to track its spot price variations over time. We offer comprehensive charts for gold, silver, platinum, and palladium prices, alongside ratios and cryptocurrencies. Hover your cursor over our live platinum price chart to pinpoint the precise spot price at specific moments. At NYC Bullion, we empower you with real-time insights into the ever-evolving world of precious metals.
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| Platinum Spots: Platinum Per Oz | Bid: Loading... | Ask: Loading... | Change: Loading... |
| Platinum Spots: Platinum Per Gram | Bid: Loading... | Ask: Loading... | Change: Loading... |
| Platinum Spots: Platinum Per Kilo | Bid: Loading... | Ask: Loading... | Change: Loading... |
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FAQ
How is the price of platinum determined?
Platinum is a rare precious metal, with its high price being a direct result of its limited supply. The fluctuations of platinum prices are more volatile than those of other metals. Several factors influence the price of platinum, including its demand in the automobile and jewelry industries, its scarcity, and its use in the medical industry.
Why should I care about platinum spot price?
Being aware of platinum's typically volatile price helps you make informed investments. Our alert system keeps you up-to-date with platinum prices throughout the day.
Are platinum spot prices the same everywhere?
Platinum spot prices do not vary geographically, allowing for an arbitrage-free platinum market.
Why can't I buy at the platinum spot price? What is a premium?
A premium price accounts for various logistical costs, such as minting, transportation, storage, and dealer fees. This cost varies among dealers, and the final selling price to investors and buyers includes the premium. This is why one can rarely ever find platinum products sold at spot price.
Why does the price of platinum change so frequently?
The price of platinum is influenced by various factors, such as interest rates, foreign relations, monetary policy, macroeconomic trends, and fiscal policy. While platinum prices can be volatile in the short term, long-term investments typically overcome this volatility.
What does the spot price mean?
The spot price refers to the price of a precious metal per troy ounce (31.103 grams). Spot prices are determined by world economic conditions, inflation, and demand in industries such as automobile and medical.
Why should one invest in platinum?
Platinum is a valuable commodity for diversifying one's portfolio in a volatile economy. Its demand in various industries and flexibility in investment options make platinum an appealing commodity for investors.
What are bid and ask prices?
When buying platinum from a dealer, the 'ask' price is what the buyer pays, while the 'bid' price is what sellers pay when selling previously purchased platinum to a dealer. The difference between these prices is called the “spread” or the “bid-ask spread”.
What is the difference between an ounce and a troy ounce?
The United States uses the troy ounce standard to measure platinum. A troy ounce is approximately 31.103 grams, while an ounce is about 28.349 grams.