Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
The chart above illustrates the platinum price per kilo over 3 months. Click on the buttons in the upper left corner to find information on the platinum price across various time frames, from live updates to historical platinum price data. Typically, the platinum price is shown in troy ounces by default, but via the buttons in the upper right corner we also offer options to display the price in grams and kilograms.
A three-month analysis of platinum prices often shows seasonal demand cycles in the automotive industry. Economic data from major manufacturing countries and shifts in mining production can play a key role over this period.
Kilograms are used for large-scale transactions of platinum, particularly in the automotive and industrial sectors. Countries with heavy manufacturing bases, such as Germany and South Korea, often purchase platinum in kilograms for use in industries such as electronics and clean energy.
Current price of platinum is 31,084 usd per kilo.
Platinum is valuable because of its rarity, resistance to corrosion, and crucial role in reducing vehicle emissions.
Platinum is widely used in the automotive industry for catalytic converters, as well as in jewelry and medical equipment.