Platinum

Platinum is widely used in jewelry and equipment that must withstand high temperatures and corrosive conditions, such as chemical crucibles and glass furnace linings. Finely powdered platinum can serve as catalyst.

Why is platinum more expensive than gold? More than 1,000 tons of gold are mined each year. Only 150 tons of platinum are mined per year. This scarcity usually makes platinum more expensive than gold.

The price of platinum is generally quoted worldwide in USD pertroy ounce, because the US and the UK are the dominant markets for commodities trading.

Prices change every week.