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 ounce over 6 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.
Platinum prices over the last six months tend to follow trends in the automotive and manufacturing sectors. Supply chain disruptions, mining output, and demand for catalytic converters in vehicles play a crucial role in price changes over this timeframe.
Platinum is often measured in troy ounces, especially for investment purposes, in the same way as gold and silver. The automotive industry, where platinum is used in catalytic converters, also frequently prices platinum in ounces, particularly in the United States and Europe.
Current price of platinum is 966.81 usd per ounce.
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.