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 =||841 USD||1 USD =||0.00119 Ounce|
|2 Ounce =||1682 USD||2 USD =||0.00238 Ounce|
|5 Ounce =||4205 USD||5 USD =||0.00595 Ounce|
|10 Ounce =||8410 USD||10 USD =||0.01189 Ounce|
|20 Ounce =||16820 USD||20 USD =||0.02378 Ounce|
|25 Ounce =||21025 USD||25 USD =||0.02973 Ounce|
|50 Ounce =||42050 USD||50 USD =||0.05945 Ounce|
|100 Ounce =||84100 USD||100 USD =||0.11891 Ounce|
|1000 Ounce =||841000 USD||1000 USD =||1.18906 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.