ClearFront News.

Reliable information, timely updates, and trusted insights on global events and essential topics.

education

How much is platinum worth vs gold?

By Christopher Ramos |

As of 15 October 2018, the platinum spot price in New York was $845.10 per ounce, compared to $1,222 per ounce for gold and $15.16 per ounce for silver. Platinum is traded in the spot market with the code “XPT”.

What is platinum price today?

MONEX Live Platinum Spot Prices

Platinum Spot PricesTodayChange
Platinum Prices Per Ounce$985.00-25.00
Platinum Prices Per Gram$31.67-0.80
Platinum Prices Per Kilo$31,667.75-803.75

How much is a kg of platinum worth?

Live Platinum Price

Live Platinum PricePlatinum Spot Price Today
Platinum Price per Gram$32.42£23.42
Platinum Price per Kilo$32,425£23,422
Platinum Price per Ounce$1,008.53£728.51
10 August 2021, 20:54:03 (GMT-07:00)

How much is my platinum ring worth?

A typical 4mm 95% pure platinum ring would cost you around $800, with wedding rings usually starting at about $2,000 (depending on the gem quality). Platinum offers many advantages over other metals.

What’s the difference between the price of gold and platinum?

Platinum usually traded at a higher price than gold from 1987 until September 2008. Since 2011, the price of gold has exceeded the price of platinum. 3 As of June 7, 2021, gold was trading at $1,897 an ounce compared to $1,175 an ounce for platinum. 4 5

How much is a kilogram of platinum worth?

Platinum Price Per 1 Kilogram 37825.35 USD Platinum Price Per 1 Ounce 1072.33 USD

When did gold start to overtake platinum?

It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971). The value of gold in terms of current fiat US dollars versus platinum prices is now at 120-year highs.

When was the last time platinum went up in price?

In times of financial stress and monetary turmoil (e.g., 1980), platinum tends to behave more like gold and other precious metals with widespread hoarding. The last major monetary disorder in 1980 saw all four primary precious metals reach new nominal record-high price points within months of one another.