PLATINUM

The ATLAS price chart lets you view live Platinum prices today or research the historical price of Platinum over the last 30 years.

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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.

 

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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.
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.
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.
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.
First, decide what kind of Platinum you’re interested in buying. There are several types of Platinum, ranging from scrap to bullion products. Second, determine the form in which you’d like to buy. If you’re buying Platinum bullion, choose between Platinum coins, bars and rounds (they look like coins but carry no face value and are not backed by a sovereign government as currency). Next, do your research and identify a reputable seller. For example, The American Numismatic Association offers a list of Authorized Dealers. Atlas Gemstones has been on that shortlist for many years. Finally, prepare for how you will securely protect and store your Platinum. There are many factors and options for this. Of course, many choose to store their Platinum their own vaults or lockboxes at home, as well.
Today’s spot price of Platinum, like all days, is constantly changing according to supply and demand, market conditions, geopolitical forces and many other variables. However, today’s price of Platinum could also refer to the total percent change of the spot price, as calculated relative to the price at the start of that trading day.
A troy ounce of Platinum is equal to 31.10 grams. It’s a unit of measure first used in the Middle Ages, originating in Troyes, France. You may notice that this is slightly heavier than the 28.35 grams we’ve come to expect from the standard ounce (also known as the avoirdupois ounce). Troy weight units are primarily used in the Precious Metals industry.
The price of Platinum can fluctuate based on market conditions, supply and demand, geopolitical events and more. When someone refers to the price of Platinum per ounce, they are referring to the spot price. The spot price of Platinum is always higher than the bid price (what dealers pay for Platinum per ounce) and always lower than the ask price (what you will pay a dealer for Platinum per ounce). The difference between the spot price and the ask price is known as the premium of Platinum per ounce.
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.
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.
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.
Interested in selling your Platinum? Atlas Gemstones offers you an easy and fast way to sell your Platinum bars or Platinum coins online. Learn how to sell your Platinum today.
Today’s spot price of Platinum, like all days, is constantly changing according to supply and demand, market conditions, geopolitical forces and many other variables. However, today’s price of Platinum could also refer to the total percent change of the spot price, as calculated relative to the price at the start of that trading day.
Visit AtlasGemstones.com/platinum-price to view live Platinum prices as well as historical data related to Platinum spot price. All prices are updated in real-time. View the bid, ask and spot price at any time, on any device.

The worth of Platinum is determined by the current spot price. This price is determined by many factors such as market conditions, supply and demand, and even news of political and social events. The value or worth of a Platinum product is calculated relative to the weight of its pure metal content and is measured in troy ounces. However, collectible or rare Platinum products may carry a much higher premium over and above the value found in its raw metal weight. Additionally, other factors such as merchandising, packaging or certified grading from a trusted third-party may influence the final worth of the Platinum product you are purchasing.
Platinum bullion refers to a Platinum product that is valued by and sold mostly for its metal content and does not contain any numismatic or collectible value. Platinum bullion often appears in the form of bars, rounds and Sovereign coins that carry a face value and are backed by a government. These products are most commonly categorized therefore as either .999 fine or .9999 fine Platinum bullion, meaning the product is either 99.9% or 99.99% pure Platinum.

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