Search results
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements.
- Platinum and Gold Prices
- Platinum Automotive Use
- Platinum Performance Over Time
- Platinum's Limited Supply
- Never Pay Below Spot Price For Platinum Bullion
- GeneratedCaptionsTabForHeroSec
Some people may trade platinum and gold the way others trade the silver to gold ratio. Historically, platinum has been priced higher than gold, and the historical average of the platinum to gold ratio is about 0.72. In the past decade, gold has surpassed platinum as the money supply has grown dramatically due to federal monetary policies known as q...
Platinum has long been anchored by heavy utilization in the automotive industry. Some reports claim over 80% of annual platinum supply goes directly into feeding the world’s need for cleaner transportation via the auto industry. This includes spark plugs, catalytic converters, and other related industries like glass. Catalytic converters (which are...
Platinum has not had the same amazing growth story that other assets have had, notably declining where gold and silver have flourished. In 2008, platinum spot prices sharply rose and maintained over $2100 per troy ounce, marking an all time high in March at $2290 per troy ounce. This coincided with the collapse of Bear Stearns, though prices had in...
Platinum has two main supply sources – recycling and mining. Recycling is incredibly important for platinum because of its rarity and the limited number of platinum mines in the world. Platinum is about 30 times rarer than gold and mined at about 1/15 the quantity that gold is. Approximately 25% of platinum supply comes from recycling operations. T...
All platinum bars, rounds and coins have a premium that is a fixed amount of percentage above the spot price. The premium pays for the mints, mines, retailers and all other organizations within the supply chain. Without a premium, no market for investment grade bullion can exist. Investors should expect to pay a small amount above spot to purchase ...
Find the current platinum price per ounce, gram, and kilo in USD and other currencies. Learn how platinum prices are determined by supply and demand, market conditions, and historical trends.
- Android, Ios
May 21, 2024 · Platinum is a precious, silver-white metal with high melting point and resistance to corrosion. It is used for jewelry, catalysts, electrodes, and standards of mass and temperature. Learn more about its history, deposits, compounds, and isotopes.
- The Editors of Encyclopaedia Britannica
10 hours ago · Platinum is one of four main precious metals investors can trade via physical bullion, exchange-traded products or futures contracts. Gold, silver and palladium spot prices are also updated 24/7 ...
Bitcoin price nears record high as daily ETF inflows approach $1 billion. Live Platinum Charts and Platinum Spot Price from International Platinum Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products.
Get the latest platinum price per ounce, kilogram and gram, as well as historical prices and news. See how platinum compares to other precious metals and find out the factors that affect its value.
People also ask
Is platinum a rare element?
Where does platinum come from?
What is platinum used for?
