Platinum Calculator

Calculate the exact value of your platinum based on current market prices. Whether you have platinum jewelry, bullion bars, coins, or industrial platinum, our calculator provides accurate valuations using live spot prices.

Platinum Value Calculator

Enter your platinum's weight to calculate its current melt value based on live market prices.

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Estimated melt value
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Weight conversions
Important: This reflects the melt value at today's price. Cash offers from jewelers or pawn shops are commonly lower (often 10–30% or more) due to refining and business costs. Actual amounts vary.

Today's Platinum Prices by Weight

Current platinum prices calculated across different weight units. All prices shown are for pure 999 platinum.

Per Gram
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Per Troy Ounce
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Per Kilogram
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Per Pound
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Per Tola
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Per Tael
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Per Pennyweight
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Per Grain
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Frequently Asked Questions About Platinum

Find answers to common questions about platinum pricing, purity, and valuation.

What makes platinum valuable?

Platinum's value comes from several unique characteristics:

  • Rarity: 30x rarer than gold, mined primarily in South Africa and Russia
  • Industrial demand: Essential for catalytic converters (40% of demand)
  • Purity in jewelry: Typically 90-95% pure (vs. 58.5% for 14K gold)
  • Durability: Extremely resistant to corrosion and wear
  • Density: Heavier than gold, giving jewelry substantial feel

Why is platinum sometimes cheaper than gold?

Despite being rarer, platinum prices fluctuate based on different market forces:

  • Industrial dependence: Auto industry demand affects price (unlike gold's investment focus)
  • Economic cycles: Industrial metals decline during recessions
  • Substitution: Palladium has replaced some platinum uses in catalytic converters
  • Investment demand: Gold has stronger safe-haven status

Historically, platinum traded at a premium to gold, but market dynamics have shifted in recent years.

Understanding Platinum

What Makes Platinum Valuable

Platinum is one of the rarest precious metals on Earth, approximately 30 times rarer than gold. Its unique properties make it indispensable for various industries:

  • Automotive: ~40% of platinum is used in catalytic converters
  • Jewelry: Prized for its durability and natural white color
  • Industrial: Essential in petroleum refining and chemical production
  • Medical: Used in pacemakers, dental work, and cancer treatments
  • Electronics: Hard disk drives and fiber optic cables

Platinum Purity Standards

Platinum jewelry and investment products come in various purity levels:

  • Pt999/999: 99.9% pure - Investment grade bullion
  • Pt950/950: 95% pure - High-end jewelry standard
  • Pt900/900: 90% pure - Common jewelry purity
  • Pt850/850: 85% pure - Entry-level platinum jewelry

Platinum vs Gold

While gold often gets more attention, platinum offers unique investment characteristics:

  • Rarity: Platinum production is ~5% of gold production
  • Industrial Demand: Creates price volatility but also utility value
  • Density: Heavier than gold (21.45 g/cm³ vs 19.32 g/cm³)
  • Price Ratio: Historically traded at premium to gold, though this varies

Buying & Selling Platinum

Key considerations when transacting in platinum:

  • Premium: Expect 3-8% over spot for bars, 10-20% for coins
  • Selling: Reputable dealers pay 90-98% of spot price
  • Hallmarks: Look for "Pt", "950", "999" stamps
  • Authentication: XRF testing confirms platinum content