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 =||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|
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.