A heavy, malleable, ductile, precious, gray-white transitional metal, platinum is resistant to corrosion and occurs in some nickel and copper ores along with some native deposits. Platinum is also used to create fine jewelry, laboratory equipment, electrical contacts, dentistry, and automobile emissions control devices.
Platinum's wear and tarnish-resistance characteristics are well suited for making fine jewelry. Platinum is more precious than gold. The price of platinum changes along with its supply and demand. During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice as the price of gold, whereas, during periods of economic uncertainty, the price of platinum tends to decrease due to reduced demand, falling below the price of gold, partly due to increased gold prices.
As a precious metal, platinum (in any form) is also considered to be an asset and should be included in any investor’s portfolio in order to provide balance against the ups and downs of other asset classes such as real estate and paper assets (i.e. stocks/bonds). Prior to investing in any asset class you should first educate yourself on the subject matter and seek the advise of a certified financial planner who actively invests themselves.
24hr Platinum chart
8 hour (New York) EURO price per ounce
24 hour EURO price per ounce
8 hour (New York) EURO price per kilo
24 hour EURO price per kilo
All precious metal pricing is subject to market fluctuations.