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Price Of Platinum Per Gram Today

One troy ounce of platinum is 31.10348 grams. So the approximate price of platinum per gram can be calculated as follows.

(price of platinum per gram) = (price of platinum per troy ounce) / 31.10348

Eg: If platinum is $1300 USD per ounce

(price of platinum per gram) = $1300  USD / 31.10348

(price of platinum per gram) = $41.796 USD

Use the chart on the top right to perform the calculation yourself.

Platinum is a popular precious metal today due to its rarity, its physical beauty and also its increasing industrial applications.  It has special properties too and has been minted as several coins in many countries.  The price of platinum per gram today is available at various websites and is constantly updated, as it is liable to fluctuations based on the prevailing economic conditions.

Knowing the price of Platinum Coins

One can invest in platinum safely in the form of coins and bars, but before investment careful thinking is required.  One needs to find the spot price of platinum per gram today.  The spot price is the price at which it is being currently delivered in the spot market.  This spot market is a market open to the public for trading where commodities are traded and immediately delivered.  When the investor wishes to buy coins, there is usually a markup or premium on these coins above the spot price of the metal.  When you buy from dealers, you may have to pay another 2% in order to compensate for what the dealer would have paid the wholesalers for the coins.  Hence, the price you pay could be more than the mint price.

Analyzing Platinum price trends

You also need to follow the platinum price trends in order to buy or sell at the right time.  In many cases, when the economy is slowing the prices of platinum can drop, but many economists claim that the demand for platinum in the industry is so tight with respect to the scarce supply, that the price will remain elevated, regardless of the condition of the economy.  Before buying platinum coins or any other forms of investment, it is better to discuss and avail the necessary information, as it is a volatile market and the price of platinum per gram today is likely to be affected by market swings.

Volatile Market

The price of platinum is unpredictable when compared to the price of other precious metals.  When the economy slows down, the price of gold and silver usually rises, as people consider it a safe investment.  But this causes a fall in the price of platinum below gold.  When the economy is stable, platinum commands a higher price than gold, which can also be double that of gold.  Platinum prices are provided for an oz, but this can be converted into the price of platinum per gram today, by dividing the amount by 28.3495.

The most prestigious collection of platinum bullion coins are available from the US Mint which produces the Platinum Eagles, the Royal Canadian Mint producing the Platinum Maple leafs and the Australian Perth Mint produces the Platinum Koalas.

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Price Of Platinum Per Gram Today

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