Table of Contents
How much is platinum worth today?
MONEX Live Platinum Spot Prices
| Platinum Spot Prices | Today | Change |
|---|---|---|
| Platinum Prices Per Ounce | $1,093.00 | +19.00 |
| Platinum Prices Per Gram | $35.14 | +0.61 |
| Platinum Prices Per Kilo | $35,139.95 | +610.85 |
How much is 1kg of platinum worth?
Live metal spot prices (24 hours): 11/14/2021 01:41:15
| Platinum Spot Prices | Platinum Price Today |
|---|---|
| Platinum price per Gram | US$35.44 |
| Platinum price per Ounce | US$1,102.24 |
| Platinum price per Kilogram | US$35,437.94 |
How much can I get for platinum?
According to CNN Commodities Prices, platinum is $1,538.70 USD per troy ounce. Based on this, the melt value of your 95% platinum rings is about $1,060. Typically we can return 70% of the fine platinum value based on the weight and market price.
Is platinum cheaper than gold?
Platinum prices are now almost 50 per cent cheaper to gold — $1,020/oz vs. Well, before delving deeper into fundamentals of the metal, one needs to understand what has made the metal cheaper and less precious than gold.
Why is platinum so cheap?
Platinum Is in a Supply Deficit, Lifting Prices With mining stalled, the global platinum market entered a supply deficit. In other words, demand for platinum is exceeding the available supply of the precious metal. During the first quarter of 2021, demand for the metal rose by 26%.
How much is 1 kg of gold in US dollars?
Gold Price Per Ounce in US Dollar
| Kilo | US Dollar | Kilo |
|---|---|---|
| 1 Kilo = | 59964.4 USD | 0.00002 USD |
| 2 Kilo = | 119928.7 USD | 0.00003 USD |
| 5 Kilo = | 299821.8 USD | 0.00008 USD |
| 10 Kilo = | 599643.6 USD | 0.00017 USD |
How much is 8g of platinum?
Estimate the value of your Platinum items by entering the weight into the appropriate ‘Carat’ section below….Latest Gold Comparison.
| UK Scrap Gold | £15.57 |
|---|---|
| Top Dog Scrap Gold | £12.45 |
| Best Price for Gold | £12.45 |
| H Pawnbrokers | £9.00 |
| Ramsdens | NLP* |
Can I buy platinum?
There are four ways you can invest in the platinum market globally. In India, however, you have only two options—platinum bullion, coins or jewellery and futures trading on a commodity exchange. You can buy a Platinum Futures Contract (1 gram) traded on the Multi Commodity Exchange (MCX).
Can you pawn platinum?
Can platinum be pawned? Yes, you can pawn platinum just like you can pawn any other precious metal like gold or silver. Selling through an online platinum buyer, like CashforGoldUSA, will often be easier than comparison shopping between individual pawn shops.
Is platinum stronger than gold?
While platinum is typically stronger and more durable, it is still a softer metal than gold making it more vulnerable to scratches. Whether you decide to choose a white gold or platinum ring, they are both precious metals, meaning your ring will look beautiful either way.
Is platinum easy to scratch?
Platinum Scratches Easier than 14k Gold Despite being more durable, platinum is actually a softer metal than 14k gold. This means it will scratch a little easier than 14k gold. When platinum is scratched, the platinum only gets moved from one place on the ring to another.
Why is Platinum price rising?
It is widely used in a variety of sectors, and in recent years high demand and low supply have pushed the platinum market into deficit. Generally, when demand for a metal is high and supply is low, its price will rise.
Will platinum prices rise?
Looking ahead, Reynolds believes that platinum prices will rise in 2019 . “Although supply should pick up slightly on higher output from North America, while demand is also set to rise, the ongoing decline in sales of diesel vehicles will dampen any increase in prices,” he noted.
How much does platinum cost?
The per ounce cost will generally go down as the amount of ounces purchased goes up. For example, a dealer currently has a 1 ounce platinum Valcambi bar selling for $1,533 and a 10 ounce varied brand platinum bar selling for $15,030.