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The price of platinum

 

                                                             

* Information provided from these graphs is not legally binding. All rights reserved.

The tables on this page show the current platinum price. The graphs show the platinum price in U.S. dollars and Euros per troy ounce and per kilogram. These  graphs are automatically tracked so that the correct platinum price is shown. By pressing the F5 key on your keyboard, you can refresh this page and immediately access the current prices.

Buy Platinum: Rare, unique and solid
Besides gold and silver, investing in physical platinum is becoming increasingly popular. Precious metals such as platinum, have been used as a currency for centuries. Nowadays the platinum price is determined by its scarcity and the demand for platinum from the industrial sector. Platinum is scarcer and harder to source than gold. Its unique properties make it very suitable for various industrial applications. It is a good conductor of heat and is very suitable for use in catalytic converters. It has a high resistance to corrosion and decay and does not damage easily.

Platinum and the economy
The platinum price reached a record high on March 4th, 2008 a when one troy ounce platinum cost around 2273 U.S. dollars. The price of platinum is of course dependent on the demand for this precious metal and largely determined by the industrial sector. In difficult economic times, the demand for platinum decreases and the platinum price can fall far below the price of gold. In the case of an economic upturn the price of platinum may be twice as much as the gold price.

Platinum investment
Buying and investing in platinum is very attractive to speculators, as a great deal of profit can be achieved in a short amount of time. Investing in platinum is also interesting for those looking to diversify their investment portfolio.

 

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