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 in US Dollar
|Ounce||US Dollar||US Dollar||Ounce|
|1 Ounce =||948 USD||1 USD=||0.00105 Ounce|
|2 Ounce =||1896 USD||2 USD=||0.00211 Ounce|
|5 Ounce =||4740 USD||5 USD=||0.00527 Ounce|
|10 Ounce =||9480 USD||10 USD=||0.01055 Ounce|
|20 Ounce =||18960 USD||20 USD=||0.0211 Ounce|
|25 Ounce =||23700 USD||25 USD=||0.02637 Ounce|
|50 Ounce =||47400 USD||50 USD=||0.05274 Ounce|
|100 Ounce =||94800 USD||100 USD=||0.10549 Ounce|
|1000 Ounce =||948000 USD||1000 USD=||1.05485 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.