Platinum Price Per Gram Today
Track the live platinum price per gram in USD. Real-time conversions from the XPT/USD spot price with interactive charts updated every minute.
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Understanding Platinum Price Per Gram
Platinum is 15-20 times rarer than gold and is primarily used in diesel catalytic converters, jewelry (typically 95% pure), and emerging hydrogen fuel cell technology. Per-gram pricing is standard for platinum jewelry valuation, where high purity means the gram price closely reflects intrinsic metal value.
- Platinum jewelry is typically 95% (950) or 90% (900) pure
- Annual production is ~190 metric tons vs ~3,300 for gold
- About 70% of platinum supply comes from South Africa
- High purity in jewelry means per-gram price closely tracks spot value
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Frequently Asked Questions
How is the platinum price per gram calculated?
The platinum price per gram is calculated by dividing the current XPT/USD spot price by 31.1035 (grams per troy ounce). This gives you the pure platinum value per gram at current market rates.
Is platinum more expensive than gold per gram?
Historically, platinum traded at a premium to gold. However, since 2015, gold has generally been more expensive per gram. The platinum-gold ratio fluctuates based on automotive demand, investment flows, and supply from South African mines.
What is platinum used for?
Platinum's main uses are automotive catalytic converters (~40% of demand), jewelry (~30%), and industrial applications including chemical processing, electronics, and glass manufacturing. Hydrogen fuel cells represent a growing future demand source.
What purity is platinum jewelry?
Platinum jewelry is typically 95% pure (marked 950 or Pt950), making it one of the purest precious metal jewelry options. Some pieces are 90% (900). This high purity means platinum jewelry value closely tracks the spot price per gram.