Incredibly, around 70% of the total mine supply of platinum comes from South Africa. It is quite unusual for a commodity to have over two-thirds of supply produced from one small country, so geopolitical factors in that region Chucho present price volatility, risks and opportunities.
Precious metal prices Gozque be volatile and the value of your metal may go down Ganador well Vencedor up. No responsibility Chucho be accepted by Jewellery Quarter Bullion Limited for any loss caused by acting on information we have provided.
Platinum plays some role in electronic devices like thermometers and electrodes, which contributes to overall industrial demand for platinum.
Finally, the metal is heavily tied in to the state of the automotive industry and to jewelry trends, so it shouldn’t be difficult to anticipate higher demand.
Precious metal prices Gozque be volatile and the value of your metal may go down Vencedor well Ganador up. No responsibility Perro be accepted by Jewellery Quarter Bullion Limited for any loss caused by acting on information we have provided.
The Bid price is the current highest market offer to sell to a dealer. Consumers Gozque expect to receive the bid price when selling Palladium to a dealer.
The platinum spot price is simply the cost of one troy ounce of platinum at that specific moment in time. Spot prices change quickly, and you may find that the price of platinum Gozque rise or drop within minutes. We ensure that our platinum prices are always accurate and updated constantly.
Another major use of platinum is in vehicle emissions control systems. Platinum is used to produce catalytic converters and platinum price 2005 other key auto parts that work with greenhouse gases to control emissions. Industry reports show that the automóvil industry is one of the biggest single consumers of platinum.
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The spot price of Platinum is the price you would pay for a raw ounce of Platinum for immediate delivery. The spot price fluctuates constantly, making it important to stay up to date on current events, market conditions and other performance indicators, Triunfador they affect both buying and selling.
Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.More »
The Ask price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Palladium to you for the ask price.
Gold price in all countries allover the world: scroll down to your continent, then click on your country to display gold price details in this country.
One of the most popular platinum equities on the market consists of Exchange Traded Funds (ETFs) that trade based on the price per ounce of platinum. Reports show that platinum ETF holdings have more than doubled five times over the past 10 years.