Platinum price today

How to calculate your platinum's value

The market quotes platinum per troy ounce. Prices here are in US dollars (USD), the currency the spot is quoted in; we convert them from troy ounces into grams and kilos. Estimated melt value is pure metal content: weight × (fineness ÷ 1000) × price per gram of fine platinum.

1. 1.Enter the piece weight in grams, troy ounces, or kilos.
2. 2.Pick the fineness stamped on it (for example Pt950 or Pt900).
3. 3.We multiply weight by the purity factor and the live per-gram spot.

About the live platinum price

Today's platinum price reflects the international XPT spot, quoted in US dollars (USD). It is a metal reference, not a jewelry retail price. Almost all jewelry platinum is Pt950: 95% platinum, the rest ruthenium, iridium, or cobalt.

Frequently asked questions

✦What is today's platinum price per gram?

The per-gram figure above is the fine (999) platinum spot in US dollars (USD). It updates live from the international market.

✦What do Pt950 and Pt900 mean?

They are the fineness in parts per thousand. Pt950 is 95% pure platinum and the standard for engagement rings and wedding bands; Pt900 is 90% and Pt850 is 85%. We multiply weight by that factor and by the fine-platinum per-gram price.

✦Is platinum worth more than gold?

It depends on the day. Platinum traded above gold for years, but today it is usually cheaper per gram. A platinum piece still weighs more than the same piece in gold, because platinum is denser (21.4 g/cm³ against 19.3 g/cm³ for pure gold).

✦How do I know if my jewelry is platinum?

Look for the stamp: Pt, Plat, or Platinum followed by 950, 900, or 850. Platinum does not tarnish or turn yellow and feels heavy in the hand. Without a stamp, a buyer can confirm it with an acid test or an XRF analyzer.

✦Does this include labor or design?

No. This is metal value only. Jewelry retail prices usually add labor, brand, and margin, and platinum costs more to work than gold.