Live Platinum Prices
Live Platinum Prices Per Ounce - Platinum Price
Welcome to the page of Live Platinum Price Per Ounce. As a platinum investor, it is very necessary to keep track of fluctuation of platinum price. The Live Platinum Price per Ounce provides the platinum price per ounce in real time(including bid price and ask price); it also provides daily platinum price history chart (includes platinum price history charts in different periods). This page is being updated every 1 minutes.
Platinum Price Per Ounce
=
1008 US Dollar
Bid Price: $1008
Ask Price: $1018
Day's Range: $989 - $1019
Prices Updated: Jul 16, 2024 at 07:29 NY Time
Live platinum price charts
Platinum Price per Ounce in US Dollar
| Ounce | US Dollar | US Dollar | Ounce |
|---|---|---|---|
| 1 Ounce = | 1008 USD | 1 USD= | 0.00099 Ounce |
| 2 Ounce = | 2016 USD | 2 USD= | 0.00198 Ounce |
| 5 Ounce = | 5040 USD | 5 USD= | 0.00496 Ounce |
| 10 Ounce = | 10080 USD | 10 USD= | 0.00992 Ounce |
| 20 Ounce = | 20160 USD | 20 USD= | 0.01984 Ounce |
| 25 Ounce = | 25200 USD | 25 USD= | 0.0248 Ounce |
| 50 Ounce = | 50400 USD | 50 USD= | 0.0496 Ounce |
| 100 Ounce = | 100800 USD | 100 USD= | 0.09921 Ounce |
| 1000 Ounce = | 1008000 USD | 1000 USD= | 0.99206 Ounce |
What is the live platinum price, spot platinum price, and platinum fixing price?
Live platinum price: also called realtime platinum price, at that price the physical platinum is available for delivery to the buyer and become the buyer's own personal possession. It is not the spot platinum price, or platinum fixing price.
Spot platinum price: current platinum price, physical platinum price, affected by the futures price, is calculated according to the most recent average bid price offered by the worldwide professional traders.
Platinum fixing price: also called London platinum fixing, is a benchmark price for both the platinum and platinum-related goods transactions. It is fixed by five members of the London Bullion Market Association via conference call.
What is the relationship among these platinum prices?
These platinum prices have inextricable link, they Influence each other, complement each other. Their fluctuation largely depend on supply and demand. All of them may be as reference prices for physical platinum or platinum futures transactions. Additional, platinum fixing price is more akin to a momentary spot price (or a momentary live platinum price), that is used among the five major banks' most important customers who sale or buy in multiples of 400 ounces platinum. Whereas, live platinum price is more accurate to keep track on the fluctuation of platinum price in order to maximize your profit and wealth preservation. Compared to above two prices, spot platinum price is much closer the price that you would like to pay for physical platinum.