Platinum Spot Price & Charts

The platinum price today will update every 60 seconds in real-time during the trading day based on the market. To see the current platinum price, please reference the platinum price chart above.

The current market price of platinum which can be bought for immediate delivery is called the platinum spot price. The platinum spot price is the price of one troy ounce of platinum in US Dollars. Our website shows the real-time platinum spot price, in addition to the historical platinum price in the chart above. The platinum spot price can fluctuate throughout the day, based on market factors such as supply, demand, economic events, and geopolitical events. The actual price you may pay to purchase platinum in the form of platinum bars or platinum coins may differ from the platinum spot price, based on costs of production, procurement, supply, and demand.

The platinum spot price is calculated from platinum future contracts from worldwide markets such as the Commodities Exchange (COMEX), the London Bullion Market Association (LBMA), and the New York Mercantile Exchange (NYMEX). The price of the contract is set by platinum supply and demand.

The platinum bid price and the platinum ask price are the prices at which platinum can be bought and sold, respectively. The platinum bid price is the highest price the buyer is willing to pay for platinum. When selling platinum, a dealer will purchase platinum at the bid price. The platinum ask price is the lowest price the seller is willing to sell platinum. When buying platinum, a dealer will sell platinum at the ask price. The difference between the platinum bid price and the platinum ask price is called the bid-ask spread, which can vary based on the current supply and demand in the market, transaction size, as well as other factors.

Platinum is an actively traded asset, and is bought and sold constantly by traders, investors, banks, which causes the price of platinum to change frequently. The platinum price changes throughout the trading day and is updated in real-time on our website to provide the current price of platinum, whether you are interested in buying or selling platinum.

The platinum price is influenced by many factors. The automotive industry uses platinum for catalytic converters, spark plugs, and more. Platinum is also used for jewelry and is a popular choice for engagement rings. In addition, platinum is used for industrial purposes, such as in electronics. The supply and demand of these industries can affect the price of platinum. Many investors purchase platinum for portfolio diversification.

The price of physical platinum is based on the current market platinum price, as well as a premium over the platinum spot price. Physical platinum has a cost to procure, manufacture and distribute, which is why you cannot typically purchase platinum for the platinum spot price.

The premium over spot is the markup an investor will pay above the raw platinum value of a product. For example, if the platinum spot price is $1,000 per ounce and an investor purchased a 1 oz platinum product for $1,100, the premium over spot is $100, which is the difference between the $1,100 platinum product and the $1,000 platinum price.

You can buy physical platinum from a reputable dealer online or from a local coin shop. Platinum bullion are products are typically purchased for their platinum content, and are in the form of platinum coins, bars (ingots), or rounds, while collectible coins are typically purchased for the metal content, as well as the numismatic or collectible value. There are several platinum coins produced by sovereign mints around the world, including the American Platinum Eagle from the United States Mint, the Canadian Platinum Maple Leaf from the Royal Canadian Mint, the British Platinum Britannia from The Royal Mint, the Australian Platinum Kangaroo from The Perth Mint, and the Austrian Platinum Philharmonic from the Austrian Mint. You can check out our selection of Platinum Coins here. Platinum bars are produced in a variety of sizes to provide options for investors, including several gram sizes, up 1,000 grams. Our full selection of platinum bars can be viewed here.

The amount you invest in platinum depends on your overall investment goals. We recommend working with a finance professional for any investment advice. Platinum and other precious metals can be a way to diversify your portfolio.