If you wish to keep an eye on the platinum price today then it is worth also watching industrial demand numbers as well as the economic and political situation in South Africa. Are you interested inbuying goldor looking tobuy silverin US? If you have any questions, send us a message by...
However, although the value of platinum can fluctuate in line with various factors that affect the price of silver and gold (economic trends, technology advancements, inflation etc.),it also has its own unique set of influencers: South Africa South Africa is where around 95% of the world’s...
The price of platinum is also determined by mine production. Most platinum comes from mines based in South Africa and Russia, which can lead to problems, such as the massive miner's strike in South Africa in 2014 or the Russia invasion of Ukraine. These two countries also have regular episo...
Platinum is also precious to many patients using dental crowns, pacemakers, and other equipment in the human body because this metal resists corrosion from body fluids and functions. Regardless of the exact reasons for the platinum spot price today, this metal is always perceived as valuable to ...
Factors affecting platinum price Several factors impact the platinum price: Mining in South Africa and Russia: these countries are the largest producers of platinum in the world. Strikes, political unrest or natural disasters may disrupt supply. ...
Below are today’s live platinum spot prices compared to January 2022’s year opening price in the most common measurement units: Jan 2022 PriceToday's Price (-3.91%) Gram$31.39/g$30.16/g Pennyweight$48.82/dwt$46.91/dwt Standard Ounce$889.90/oz$855.07/oz ...
How Are Platinum Spot Prices Determined Today? Theplatinum spot priceis calculated very similarly togold spot priceandsilver spot price, updated on the minute during open market hours. The spot price is the price available for delivery now, while futures contracts are calculated for future delivery...
In March of 2016 the price of platinum has hovered around the $1,000 per ounce mark. This metal is one of the most expensive commodities in the market today for two main reasons that involve supply and demand. The supply is always on the low side, as it is very rarely found in the...
(On July 9, 2019, the price of platinum was $816.60 per ounce. Gold was $1,397.68 per ounce.) How Platinum Is Mined Platinum is mined mainly in South Africa, but also found in Russia and Zimbabwe. The metal is formed when minerals are eroded from their original spot and then ...
Platinum came from mines in South America, wherethe native tribes had been using t for centuries. Today, about 80% of theworld's platinum comes from South Africa. It is said that there is a lot ofplatinum in meteorites (陨石) and on the moon.Questions1. How would you summarize the ...