Platinum Prices Today Per Ounce. How Has My Investment Performed? JM Bullion ROI Calculator. Enter Your Values Below. Find out how much your is worth in a few easy steps. Enter Your Values Below. Free Platinum Price Widget For Your Website. This feature is only supported in the desktop browsers. Please visit this page in your desktop browser to retrieve the widget. Share live platinum prices with your website followers or on your blog, using our free platinum price widget. To get started, please select one of the size dimensions from the drop- down menu below, and copy the code from the Widget Code text box and paste it into the desired position in your page. If you have any trouble, please contact us at support@jmbullion. What is the Spot Price of Platinum? The platinum spot price is the price of platinum available for delivery now. Platinum is priced by the troy ounce, which has been the standard weight for precious metals since the 1. What is the Spot Price of Platinum? The platinum spot price is the price of platinum available for delivery now. Platinum is priced by the troy ounce, which has been.US and much longer elsewhere in the world. The spot price of platinum is influenced by several factors including the state of the economy, political events, strength of various currencies, and many other macroeconomic factors. Spot prices are used as reference points for dealers to calculate the price they should charge for physical platinum bullion coins, rounds and bars. All of the products on our website are priced based on a premium to spot price; therefore, you will notice that prices update every few seconds during market hours. This allows customers to invest based on the most up to date market conditions possible. Platinum as an Investment. Over the past decade or so platinum prices have increased overall, catching the attention of many investors. Many people look to precious metals such as platinum to help protect themselves against the devaluation of the dollar and fluctuations in the stock market. Platinum, gold, and silver are seen as safe havens of sort in times of financial and political turmoil. Platinum is available for investment in many different forms including paper platinum and platinum bullion. Physical platinum bullion is most commonly found in coin, round and bar form with several size options for each. Some investors enjoy owning government minted coins while others prefer paying lower premiums for bullion bars and rounds. In any case, there are a vast amount of options available in terms of this investment vehicle. Aside from bullion, “paper platinum” is also available in the form of ETFs and certificates. These options are different from physical platinum bullion in the sense that the owner never actually gets to hold the platinum in their hands. A platinum ETF or certificate is basically a piece of paper that says a bank or financial institution is holding a specified amount of platinum for you without you ever seeing that metal. Platinum Spot Price FAQHow is the spot price of platinum calculated? Platinum is traded across multiple time zones and on multiple exchanges such as New York, Hong Kong, Zurich, and Sydney. The platinum spot price is calculated using the most active near month futures contract. This near month futures contract will not always be the front month contract, but rather the near month contract with the most trading volume. Platinum trades nearly around the clock these days, and like many other commodities, is always in the process of price discovery around the globe. If platinum is quoted at $1. The spot price of platinum is quoted as the price for one troy ounce of platinum in U. S. As with most commodities, platinum is usually quoted in USD, but prices may be converted to any local currency. For example, if one is located in the UK, they could simply take a current price of $1. USD per ounce and convert that $1. USD to British Pound Sterling (GBP) at current exchange rates to come up with the local currency price per ounce in England. How often do spot platinum prices change? The price of platinum is constantly changing based on market supply and demand, currency movements and other factors. You may also like: update: I racked up $20,000 in personal charges on my company credit card; update: I racked up $20,000 in personal charges on my company credit card. Fitbit weight loss: it really works! In this post, I'll share with you how I lost 10 pounds in a month with my Fitbit. It's easy, it's fun, and the weight loss is. 5 Tips for Weight Loss after Thyroidectomy Wondrous Item Descriptions. Standard wondrous items are described below. This amulet is a golden disk on a chain. It usually bears the image of a. Nutrition for Everyone USDA. Healthy Food Environments Programs and policies that make healthier foods. The platinum spot price updates every few seconds during market hours. Between domestic and foreign exchanges, spot platinum prices update Sunday through Friday, from 6: 0. PM EST to 5: 1. 5 PM EST each day. Spot prices remain static during that 4. PM EST to 6: 0. 0 PM EST each weekday, as well as from 5: 1. PM EST on Friday until 6: 0. PM EST on Sunday. The price of platinum is in a constant state of discovery and can have extremely volatile periods. What influences the price of platinum? Many economic factors affect the price of platinum, including interest rates, macro- economic trends, indexes like as the Dow Jones Industrial Average, monetary and fiscal policy, foreign relations, and more. For the most up to date news and analysis on the precious metals markets, please read our frequent Market Updates. What are bid and ask prices? Bids represent an offer to buy, while Asks represent an offer to sell. If you are looking to buy platinum, you would pay the Ask price, while if you are looking to sell platinum, you would receive the Bid price. The Ask is always higher than the Bid, and the spread between the two prices is known as the bid- ask spread, which is a reliable measure of liquidity in any traded product. The general rule is the smaller the bid- ask spread is, the more liquid the asset is. Are platinum prices the same all over the world? Yes — the price of platinum is the same all over the world. Exchanges and markets can take the current spot platinum price in USD and convert the price to local currency. Why have trading hours in platinum and other commodities expanded so much in recent years? Commodities are obviously very widely traded vehicles for end users, financial institutions and banks, as well as retail investors. With the pace of economic activity and commerce in modern society, it is important that market participants have access to markets in where they have financial interests or price risk exposure. Why can’t I buy platinum at the spot price? Platinum and other metals are sold by dealers with a premium to the current spot price. When one is looking to sell metals to a dealer, the dealer may offer the current spot price or slightly below the spot price for one’s metals. The difference between the spread represents the dealer’s gross profit. Platinum Futures and Paper Platinum FAQWhat is a platinum futures contract? Platinum does trade on several futures exchanges around the world. The term “futures contract” simply refers to the fact that the contract is for a specific commodity and for a specific delivery date in the future. The fact is, however, that most futures contracts these days are never delivered on. Although one can take delivery on many different futures contracts, the majority of contracts are closed out prior to expiration or are cash settled. Where are platinum futures traded? Platinum futures primarily trade on the NYMEX with a lot size of 5. Could I simply buy platinum futures contracts and take delivery of the platinum? While technically one could buy futures contracts and take delivery on those long positions at expiration, it is not typically done. There is a very specific process for taking delivery on platinum futures contracts and there are also costs associated with it. In addition, one can only take delivery of exchange approved “good- delivery” products. There are other platinum related investment products, as well. Platinum backed exchange traded funds, for example, are designed to hold physical platinum and are purchased by some investors looking to gain exposure to platinum. These funds may not, however, closely track the price of platinum. In addition, when one buys shares in an ETF, they do not take physical delivery of any metal. Other Platinum Price FAQDo platinum coins have any face value? Does this affect the price of platinum coins? Yes, platinum coins do have face values. The United States platinum eagle, for example, has a face value of $1. This is the highest face value to ever appear on a United States bullion coin. The price of the coins, however, is based on the coin’s platinum content, not the face value. Is the spot platinum price the price I pay when I buy platinum from a dealer? No, as mentioned previously, the dealer will use the spot platinum price as a guide. The dealer will take into account current spot prices, as well as their cost on the coin or bullion, and then apply their markup. Dealer markups can range quite a bit. For some products, margins are razor thin while for other products the dealer stands to make a larger profit. What about buying platinum from a local dealer, will I be able to get a better deal? There are many differences between brick and mortar coin shops and online bullion dealers. The fact is that online dealers typically have much lower overhead costs than a storefront operation. Lower overhead costs may equate to lower profit margins for competitive online dealers and smaller premiums for online bullion buyers. Because online bullion dealers have more overhead cost wiggle room, online dealers are often able to offer substantial savings to customers over brick and mortar coin shops. If platinum prices are always on the move, how do I know what price I am buying at? Each dealer may have different procedures when it comes to locking in prices on precious metals. A brick and mortar store, for example, may set prices at the beginning of the day and adjust those prices based on market movement. Online dealers typically utilize a live price feed that automatically adjusts their prices. When buying platinum or other precious metals online, different dealers have different procedures when it comes to locking in a price. At JM Bullion, when you add products to your Cart, the product prices are “fluid” and will continue to change until you advance to Checkout. Once you advance to Checkout, your prices are locked in and displayed on the right side of the checkout form. These checkout cart prices are frozen for 1. If you take longer than 1.
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