Select the time period, currency and weight unit above to display the platinum price chart you would like to view. The 24-hour chart displays price movements over the last three days.
Platinum weight units
A commonly used measure for the weighing and pricing of platinum is the troy ounce, which is derived from the Roman monetary system. GoldMoney measures platinum in terms of gram. There are 31.1034 grams per troy ounce. At GoldMoney, we use the platinum gram as the unit of account to record the amount of platinum we store for customers.
Platinum spot prices
The global markets trade platinum almost 24 hours a day, 5 days a week. At GoldMoney, we calculate the spot price based on the most recent average bid price offered by professional traders throughout the world.
We automatically update our platinum spot prices and rates every minute. You buy platinum with us at the spot price, to which we add our consistent buy rate. The buy rate is a fixed percentage of the purchase amount. You sell platinum to us at the spot price with no added fees*. Find out more about our transparent and economical platinum rates.
London platinum fixing prices
In addition to the platinum spot price, the London platinum fixing prices are also of importance. The term 'fix' is used in a nautical sense, as in fixing on a point, and it indicates the price at which the market is balanced. The 'fix' occurs when the buy and sell orders of the fixing brokers are matched to bring the market into balance at a certain price, which becomes the 'fixing' price or 'fix' for short.
The London platinum fix is set twice each business day. The London AM fix begins at 9:45 am (4:45 am in New York), and the London PM fix begins at 2 pm (9 am in New York). The London platinum fix is set by The London Platinum and Palladium Market (LPPM) and is widely followed to provide daily platinum price quotes. Furthermore, it is reported in major newspapers and on many precious metas-related websites. We use weekly London PM platinum fix prices to draw the charts above.
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Platinum price research
Take a look at the rest of our research section to learn more about platinum price fundamentals.
* In exceptional circumstances, GoldMoney may charge a sell fee. The purpose is to provide liquidity to the seller regardless of market conditions. For example, during rare events such as extreme market conditions, we may need to sell to a bullion dealer the metal that we purchase from a customer. If the dealer charges a fee that GoldMoney cannot reasonably absorb, the fee would be passed on to the customer. In keeping with our longstanding policy of full disclosure, if a sell fee is ever imposed, you will be advised of the fee before you transact, thus giving you the choice whether or not to proceed with the sale.