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Platinum

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Snapshot Realtime Price News US-Dollar
Historical Prices Euro

Latest Price Platinum in USD per Troy Ounce

Realtime Quote
1,026.75 USD 15.75 USD 1.56 %
Trade Time 02:21 PM
02/24/2017 02:21:00 PM UTC-0500
Trade Date 02/24/2017
02/24/2017 02:21:00 PM UTC-0500
Open 1,010.00 Prev. Close 1,011.00
Daily Low 1,009.00 Daily High 1,029.75
52-week Low 890.50 52-week High 1,195.00

Platinum in USD - Historical Prices

Date Closing Price Open Daily High Daily Low
02/22/2017
02/22/2017 06:00:00 PM UTC-0500
1,011.00 1,003.50 1,018.25 995.75
02/21/2017
02/21/2017 06:00:00 PM UTC-0500
1,004.00 1,003.50 1,006.00 997.00
02/20/2017
02/20/2017 06:00:00 PM UTC-0500
1,004.00 1,005.00 1,006.00 989.25
02/19/2017
02/19/2017 06:00:00 PM UTC-0500
1,005.50 1,004.00 1,006.50 997.50
02/18/2017
02/18/2017 06:00:00 PM UTC-0500
1,002.50 1,002.00 1,002.50 1,001.50
02/16/2017
02/16/2017 06:00:00 PM UTC-0500
1,002.00 1,012.50 1,016.00 1,001.00
02/15/2017
02/15/2017 06:00:00 PM UTC-0500
1,013.00 1,011.00 1,018.25 1,008.50
02/14/2017
02/14/2017 06:00:00 PM UTC-0500
1,010.50 1,002.00 1,011.25 987.75
02/13/2017
02/13/2017 06:00:00 PM UTC-0500
1,002.50 998.00 1,008.50 996.00
02/12/2017
02/12/2017 06:00:00 PM UTC-0500
998.00 1,006.50 1,011.00 993.00

Platinum

For a long time, platinum was the most expensive of the precious metals and was traded at prices of over 1,000 US dollars per troy ounce. However, it has since been replaced in this position by gold. The high price for platinum can be explained by its rarity, scarce deposits and the complex extraction methods required. One ounce of platinum with the standard purity of 95 per cent is obtained from ten metric tons of ore and requires a refining process of five months.

South Africa is the world’s most important producer of platinum. Pure platinum mines can only be found in South Africa. Apart from this, platinum is only obtained as a by-product during the mining of non-ferrous metals. Other producers of platinum are Canada and Russia.

Because of its chemical properties, platinum is used primarily as an industrial metal. Because of its high boiling point, its ductility and conductivity and its resistance to water, air and many acids, platinum is used primarily to manufacture automotive catalytic converters, in the chemical and electrical industry and in petroleum refineries. Besides the properties already mentioned, platinum in an alloy with iridium is very hard and able to withstand extreme temperatures. The valuable precious metal is also used for jewelry.

Like palladium, platinum was also discovered and used rather late. The chemist Wilhelm Carl Heraeus first succeeded in making platinum usable in 1856 by melting it.

The properties of platinum and palladium are very similar. Therefore, if platinum is in short supply or if the price is too high, it is expected that industry would turn to palladium as a substitute. Only in the jewelry industry, palladium has not been as successful as platinum and is not used as a substitute.

The most important trading venues for platinum are the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market.

Platinum Chart in USD - 1 Year
  • Intraday
  • 1w
  • 3 Mo.
  • 1y
  • 3y
  • 5y
  • Max

Commodities Top Performers

CO2 European Emission Allowances 5.17 EUR
1.57 %
Platinum 1,026.75 USD
1.56 %
Copper 5,912.79 USD
1.49 %
Lumber 368.00 USD
1.39 %
Cotton 0.76 USD
1.16 %

Forward Curve Platinum