Platinum how much is it worth

We provide platinum investors with up to the minute live platinum product prices on in-demand platinum bullion coins. Just like gold, silver, and palladium, platinum appears on the periodic table of elements with its symbol Pt and atomic number Today, platinum investin g offers a unique option within the precious metals marketplace as platinum bullion ingots and coins are often recommended as an integral part of portfolio diversification.

Commercial applications for platinum span multiple industries. One of the largest consumers of platinum is the automobile industry. Aside from the automotive industry, the medical industry has a high demand for platinum for a variety of reasons. In addition to being a great metal for manufacturing medical equipment, platinum is also used in many anti-cancer drugs. According to a study conducted by Johnstone, Park, and Lippard, half of all cancer therapy patients currently use drugs which contain platinum.

Apart from these two main sources of demand, platinum can also be found in more typical commercial applications for precious metals such as machine parts, tools, and jewelry. Platinum is a widely-used although extremely rare metal and its relative scarcity in the face of ever-increasing demand gives platinum bullion bars and platinum coins incredible investment potential.

Its historical price performance makes platinum a provocative and attractive investment vehicle. Platinum prices are no different than other precious metals prices as they tend to react to civil disputes, geopolitical issues, and overall demand.

Issues such as electricity available for the mines can greatly impact the price. The huge demand from the automotive industry means that auto manufacturers switching between platinum and palladium can also cause large price swings over long periods of time.

Historic Prices for Platinum Below are some of the most dramatic price increases that platinum prices have seen in the past years. Below are some of the most dramatic price increases that platinum prices have seen in the past years. For more information about our high quality platinum bullion products and the process of investing with Monex, contact one of our knowledgeable Account Representatives at Although platinum and silver act primarily as industrial metals, they both experience price fluctuations for very different reasons.

This does happen, because both silver and white gold, which are white-hued metals, can look a lot like platinum. So our advice is that if you find a white-colored ring, watch, bracelet and can buy it for a very low price, do so and then call us at and speak with our precious metal consultants. Your accidental discovery could be worth hundreds of dollars or more.

For several decades now, a lot of them have been fashioned from platinum. And when engagements are broken, those rings can end up on eBay or even in pawnshops.

Keep your eyes open, buy white rings, and be ready for a possible and profitable surprise. Call Specialty Metals Smelters and refiners at Our consultants are here to tell you how to recycle platinum scrap into bright, shiny cash. We process gold, silver, platinum, palladium and rhodium from jewelry scrap, electronic scrap, catalytic converters, platinum thermocouple wire and more.

Clark St. Catalytic Converters As we have explained in earlier posts on this blog, it is harder to snap up large quantities of automotive and industrial catalytic converters today than it was only a few years ago.

Testing Labs Platinum is widely used to make the crucibles, tongs, stands and other devices that are used in medical and other testing labs that are found in hospitals and universities. Request A Quote. Used Thermocouple Wire We have written recently about reclaiming the value from used thermocouple wires.

Old Jewelry A woman recently inherited a wedding band that she thought was silver, called us about testing, sent it to us, and got the pleasant news that the ring was made of platinum. Investment guide Guide to gold How to buy gold Gold investment Gold investment plan Investment insurance Compare asset performance Guide to silver How to buy silver Guide to platinum How to buy platinum.

Charts Gold price Silver price Platinum price Price alerts. Live gold price chart Live silver price chart. Platinum Price Live Chart. Why do the prices quoted on BullionVault change over the weekend, when the chart doesn't? This chart is a live feed of the spot price in the wholesale market. It closes over the weekend and public holidays. BullionVault on the other hand never shuts.

It allows you to trade 24 hours a day, every day of the year. Can I get an alert if the market moves significantly? Set a custom platinum price alert to be emailed whenever the platinum price moves through your chosen value.

Can I purchase at these platinum rates? BullionVault gives private investors around the world access to the professional bullion markets. You can benefit from the lowest costs for buying, selling and storing, starting from 1 gram at a time — just a fraction of one ounce. For more information see our page explaining how to buy platinum online. Calculate commission and storage fees using our cost calculator.

What is the Daily Price? London is the heart of the worlds physical platinum market. Everyday, its biggest bullion banks agree a price to clear their outstanding order, and the London Bullion Market Association publishes that price on its website.

The price is determined on UK working weekdays at 2pm London time for platinum 3pm for gold, mid-day for silver. The prices are made public at midnight. Orders are processed shortly after the price is determined using a provisional, estimated price, and then adjusted to the published price on the following working day.

Place your order for platinum by pm pm for gold, am for silver.