For example, if one is located in the UK, they could simply take a current price of $1480 USD per ounce and convert that $1480 USD to British Pound Sterling (GBP) at current exchange rates to come up with the local currency price per ounce in England. How often do spot platinum prices change?
What currency does platinum trade in?
The spot price of platinum is quoted as the price for one troy ounce of platinum in U.S. dollars (USD). Does platinum only trade in U.S. dollars? Platinum prices are typically quoted in U.S. dollars (USD) per troy ounce. As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency.
What is a platinum spot price?
Platinum is sold by the troy ounce (slightly lighter than the standard ounce). The platinum spot price is simply the price of one troy ounce of platinum at that particular time. With that being said, you will not pay this price of platinum if you are buying the metal. Many different factors affect platinum prices.
How often do platinum prices change?
Platinum prices change constantly, and our live spot platinum prices and charts update every minute during trading hours to reflect recent market fluctuations. The platinum price table below displays pricing in increments; platinum price per gram, per ounce and per kilogram.
