What is the price of platinum right now?

MONEX Live Platinum Spot Prices

Platinum Spot Prices Today Change
Platinum Prices Per Ounce $977.00 -18.00
Platinum Prices Per Gram $31.41 -0.58
Platinum Prices Per Kilo $31,410.55 -578.70

What is the stock symbol for platinum?

Overview: Platinum Stocks It has the symbol Pt and the atomic number 78. The precious metal is among the least reactive metals and has high resistance to corrosion even at elevated temperatures.

What are the best platinum stocks to buy?

Platinum stock and fund list

  • Sibanye Stillwater Ltd (SBSW)
  • Anglo American Platinum (ANGPY)
  • Impala Platinum Holdings (IMPUY)
  • Platinum Group Metals (PLG)
  • Aberdeen Standard Physical Platinum Shares ETF (PPLT)
  • GraniteShares Platinum Trust (PLTM)
  • iPath Series B Bloomberg Platinum Subindex Total Return ETN (PGM)

Does platinum have a future?

The average price for platinum is projected to rise to US$1,150 in the fourth quarter of 2022.

Is it good to invest in platinum?

Besides, one should avoid buying platinum jewellery as an investment. Since it is not 100% pure, platinum jewellery holds less resale value and making charges are also quite high. “I will rate platinum as next to gold as an investment prospect with diamond and silver next.

Is platinum better than gold?

Gold: Value. Platinum is almost always more valuable than gold. It’s a rarer metal, and platinum rings have higher densities and purities than gold rings. You also need more platinum to make a ring, so they often cost 40-50% more than gold.

Can I invest in platinum?

There are four ways you can invest in the platinum market globally. In India, however, you have only two options—platinum bullion, coins or jewellery and futures trading on a commodity exchange. You can purchase bullion and coins from various centres such as banks and authorised dealers.

What is a better investment gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.

How do I buy stock in platinum?

To gain exposure to the metal, investors may purchase platinum bars or coins, platinum futures contracts, or shares of platinum mining companies. Another option is a platinum exchange-traded fund (ETF).

Is platinum a good investment 2022?

The council said platinum supply should fall 1% in 2022 as a backlog of semi-processed material in South Africa runs out. It said it expected demand, which dropped last year as a sharp fall in purchases by investors more than offset higher consumption by industry and jewellers, to rise by 7% in 2022.

Why is platinum so cheap 2020?

Platinum Is in a Supply Deficit, Lifting Prices The covid-19 pandemic greatly disrupted platinum mining operations. This was especially true in South Africa, the world’s #1 source for newly mined platinum. With mining stalled, the global platinum market entered a supply deficit.

Is platinum a good investment in 2021?

“The global economy continues to recover with the IMF projecting a growth rate of 5.9% in 2021, with platinum poised to benefit as a result. Residual pandemic effects, such as the semiconductor shortages, will continue to inhibit platinum demand in 2021 and 2022, both of which would otherwise be far higher.

How much does platinum sell for?

Platinum cards have overall ratings from 80 to 88 overall. The higher the rating, the more coins you get by quickselling. You can use the table below to determine how many coins you will get when you quicksell your platinum MUT 22 cards: 80 Overall – 13,000 Coins. 81 Overall – 18,000 Coins. 82 Overall – 26,000 Coins.

Is platinum a good buy?

This precious metal’s resistance to corrosion makes it a good choice for precious platinum jewelry items. Cherished for its white luster and high value due to its utility and highly limited rarity. Platinum jewelry buying will remain very popular in Asia, especially in China and Japan. Platinum is one of the heaviest and densest metals.

Why is platinum so low?

Why Is Platinum Price So Low? February 13, 2022 by Paulette Feldman A number of factors have been responsible for both its demise and rise, a few of which include: Its high industrial demand during the popularity of diesel cars—platinum is used as an auto catalyst The fall in supply —due to local regulatory and political issues in South Africa in 2007—and the rise in demand

What is the current price of platinum?

Platinum Price Today; Current Price $ 34.79: Today High $ 34.79: Today Low $ 34.79: Today Change $ 0.00 (0.00 %)