Platinum prices per ounce is a free service provided by Platinum Price OZ website, where shows current platinum price(including bid price and ask price) and platinum price history chart(London platinum fixing). Platinum price per ounce today is being updated once every 1 minutes.
Platinum Price Per Ounce in US Dollar
|Ounce||US Dollar||US Dollar||Ounce|
|1 Ounce =||857 USD||1 USD =||0.00117 Ounce|
|2 Ounce =||1714 USD||2 USD =||0.00233 Ounce|
|5 Ounce =||4285 USD||5 USD =||0.00583 Ounce|
|10 Ounce =||8570 USD||10 USD =||0.01167 Ounce|
|20 Ounce =||17140 USD||20 USD =||0.02334 Ounce|
|25 Ounce =||21425 USD||25 USD =||0.02917 Ounce|
|50 Ounce =||42850 USD||50 USD =||0.05834 Ounce|
|100 Ounce =||85700 USD||100 USD =||0.11669 Ounce|
|1000 Ounce =||857000 USD||1000 USD =||1.16686 Ounce|
Troy Ounce VS Avoirdupois Ounce
Troy ounce - a mass unit for platinum
Troy ounce (abbreviated t oz) is a mass unit of troy weight system, is commonly used in measuring platinum and other precious metals. 1 troy ounce is equal to 31.1034768 grams, or 1/12 per troy pound. In fact, the London platinum fixing prices are fixed based on the unit of troy ounce; therefore, the platinum prices of this website use the unit of troy ounce.
Ounce - a mass unit, not for platinum
The avoirdupois ounce is commonly used as a unit of mass in the United States. It is defined as 1/16 of an avoirdupois pound, equal to 28.349523125 grams.
The difference between troy ounce and avoirdupois ounce
According to convert to gram, it is obviously that the troy ounce is heavier than the avoirdupois ounce, 1 troy ounce = 1.09714286 avoirdupois ounces. In additional, the troy ounce is used for precious metals and gemstones, whereas, the avoirdupois ounce is used in the daily life, rather than for measuring precious metals and gemstones.