Platinum Price Calculator — Live Per-Gram Spot Value

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.

Select purity
Enter weight
Common items
Estimated melt value USD
$0.00
Pure content
—
Spot price · gram
—
Spot price · oz
—
As scrap (≈ 85%)
—
Note: This is the melt value — the floor. A refiner pays 90–96% of this, a dealer 70–90%, a pawn shop often less.

Today's Platinum Prices by Weight

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

Per Gram
$49.84
Per Troy Ounce
$1,550.06
Per Kilogram
$49,835.50
Per Pound
$22,604.98
Per Tola
$581.08
Per Tael
$1,868.83
Per Pennyweight
$77.50
Per Grain
$3.2293
FAQ

Asked & answered

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

01 What makes platinum valuable?

Platinum's value comes from several unique characteristics:

  • Rarity: 30× 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. 58.3% for 14K gold).
  • Durability: Extremely resistant to corrosion and wear.
  • Density: Heavier than gold, giving jewelry a substantial feel.
02 Why is platinum sometimes cheaper than gold?

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

  • Industrial dependence: Auto-industry demand drives the 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
Related metals

Closest counterparts by use case — jump to live spot prices and the calculator preloaded for that metal.

Pd Palladium
The unknown one
Per gram $33.71
Au Gold
The classic
Per gram $128.46