EURUSD 1.1696 USDJPY 111.37 USDCAD 1.2485 EURCZK 26.029 USDCZK 22.250 EURPLN 4.2508 USDPLN 3.6344
EURUSD 1.1696 USDJPY 111.37 USDCAD 1.2485 EURCZK 26.029 USDCZK 22.250 EURPLN 4.2508 USDPLN 3.6344

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Platinum is an extremely rare metal, about 30 times rarer than gold

PLAT-JUL17
Bid / Ask: 918.60000 / 922.80000
Price change: 0.10000 (0.01%)
Opening price: 918.50000
Maximum price: 924.30000
Minimum price: 914.50000
Display period:
Chart type:

Rule of thumb

Price of platinum is influeced by the volume of production as well as the demand from the industrial sector and the general economic climate

The price of platinum is quoted in U.S. dollars per troy ounce, where ounce is 31.1 grams of metal.

 

Platinum, along with gold and silver belong to a group of precious metals. Its appearance reminds silver.

 

Platinum has excellent thermal characteristics and stable electrical properties. It is used in jewelry, laboratory equipment, electric equipment and medicine. Substances based on platinum compounds have use also in the pharmaceutical industry. A substantial portion of platinum production can be attributed to the production of automotive catalysts.

 

Resources of platinum are limited and located in several areas of the globe, mainly in South Africa, Russia and North America. The world's richest deposits is located in South Africa, where according to estimations, up to 90% of world reserves of platinum are located. South Africa production of platinum has 80% share in the world market. In some underground mines are mined platinum to a depth of 4 km.

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