Platinum Price per Gram
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| Platinum Price Per Ounce | Loading… |
| Platinum Price Per Troy Ounce | Loading… |
| Platinum Price Per Kilo | Loading… |
The above ticker provides users with the most up-to-date price of platinum per gram. It pulls data from MetalsAPI every minute and displays the platinum price per gram, ounce, troy ounce, and kilogram.
How Much is Platinum Worth per Gram?
Platinum is one of the most valuable precious metals. Its price changes throughout the day based on global market demand. Most buyers measure platinum in grams, so the per-gram spot price is the most accurate way to determine the value of your platinum piece. Whether you have a platinum ring, chain, medical scrap, or bullion coins or bar, its value begins with understanding the live spot price.
Platinum purity and melt value (per gram)
Not all platinum is the same purity. It’s essential to understand the purity of your piece, as it directly affects the melt value. Jewelry is most commonly produced in 850, 900, or 950 platinum, while investment-grade platinum bullion bars and coins are typically refined to 999.5 purity. The higher the purity, the greater the percentage of pure platinum present.
The live table below shows the current per-gram pricing for the available platinum finenesses. Look on your piece to find the hallmark, or stamp, indicating its fineness and compare it to the table. Standard stamps are 850, 900, 950, PT, PLAT, or 999.5.
2133.66| Fineness | Purity | Common Markings | Price per Gram |
|---|---|---|---|
| 850 | 85% | PT850, PLAT 850 | Loading… |
| 900 | 90% | PT900, PLAT 900 | Loading… |
| 950 | 95% | PT950, PLAT, PLATINUM | Loading… |
| 999.5 (Bullion) | 99.95% | 999.5 Bars (PAMP, Valcambi, Credit Suisse) | Loading… |
| 999.9 (Spot) | 99.99% | Pure Spot Reference | Loading… |
How Much Is My Platinum Worth?
Three factors contribute to platinum’s value: its purity, weight, and the current spot price. These work together to determine a piece’s melt value. When selling, understand that buyers will not pay the full melt value; they will pay only a percentage of it.
Purity (fineness)
Unlike gold, platinum is not measured in karats but rather by fineness, which indicates the percentage of pure platinum present. Jewelry is most commonly made with 850, 900, or 950 platinum, while bullion bars and coins are typically 999.5 pure. This distinction means that, on a per-gram basis, the higher-purity piece will be worth more.
Weight (in grams)
Typically, platinum buyers use the metric system, so all calculations begin with the total gram weight. Heavier items contain more precious metal and can therefore carry a higher melt value.
Spot price
The price of platinum fluctuates throughout the day, susceptible to global factors such as industrial demand and market activity. The melt value of an item ties directly to these factors.
How to calculate platinum’s value
To calculate the value of a platinum item, use this formula:
weight (in grams) x purity percentage x spot price (per gram)
For example, a 950 platinum wedding ring weighing 10 grams at a spot price of $53.00/g looks like this:
10 x 0.95 x $53.00 = $503.50 melt value
This result represents the intrinsic value of the platinum content before buyer fees or payout percentage adjustments.
For those who don’t wish to calculate the melt value manually, use this Platinum Calculator instead. It’s tied to the live market price to provide the most up-to-date estimates.
Platinum Calculator
Current Market Value:
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Average Pawn Shop Offer:
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Alloy’s Estimated Offer:
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What factors can increase or decrease your offer?
May increase value:
- Designer pieces (Tiffany, Cartier, Harry Winston)
- Signed jewelry
- Vintage or collectible items
- Bars from top refiners (PAMP, Valcambi, Credit Suisse, Engelhard)
May decrease value:
- Items with stones under 1 carat that do not have resale value
- Hollow or lightweight construction
Platinum Jewelry vs. Platinum Bullion Value
Most platinum jewelry is crafted in 850, 900, and 950 purity platinum. The small leftover percentage includes other metal alloys added to increase durability for everyday wear. The melt value of platinum jewelry is based solely on the percentage of pure platinum in a piece.
Typical payouts for platinum jewelry are based on a percentage of the piece’s melt value. Designer pieces from notable design houses such as Tiffany or Cartier may fetch higher offers due to the high demand for the name. Buyers who buy only for the metal content will not consider these features. They also do not account for most gemstones under 1 carat, as there is little resale demand.
Bullion products are specifically designed for investment and typically contain very high-purity platinum, most commonly 999.5. This is the industry standard used by major refiners, including PAMP Suisse, Valcambi, Royal Canadian Mint, and more.
Bullion typically carries the following features to make authentication easy:
- Serial numbers
- Reputable refiner hallmarks
- Sealed assay cards
- Consistent metallic composition
Payouts for bullion are generally the highest for any precious metal, as they are already refined to the highest purity. They are generally more liquid than jewelry due to the ease of authentication and refinement.
Is Platinum a Good Metal to Sell Right Now?
Platinum has a more volatile market price than gold because it is closely tied to industrial demand. When specific sectors, such as automotive manufacturing or clean energy, are strong, platinum prices tend to follow suit. However, when these industries slow, prices can dip.
How to tell if it’s a good time to sell:
- Check the spot price: The per-gram rate listed at the top of the page reflects real-time market prices, updated every minute.
- Look at short-term trends: Pay attention to the sectors mentioned—note rising demand, supply disruptions, or broader market uncertainty that could push platinum prices higher.
- Compare offers: Regardless of what the market is doing, it’s always best practice to shop around before selecting a buyer.
Timing platinum’s exact peak is difficult. Instead, if the price matches your financial goals, it may be a good time to sell. Don’t get too caught up in minute-to-minute market fluctuations; instead, zoom out and look at its overall performance to make a decision.
How to Sell Platinum Without Getting Lowballed
Selling precious metals, including platinum, should be straightforward. Here are a few ways you can safeguard yourself in the process.
- Know your melt value – Check live-updating charts or tickers, like the one at the top, to understand the current value of platinum. Manually calculate, or use online calculators, to provide you with the melt value derived from a piece’s weight, purity, and the spot price.
- Use reputable buyers – Always ask around for referrals and read online reviews of any buyer before making a decision. Reputable companies should have an active BBB profile, and even better, a Trustpilot page with reviews from recent customers.
- Compare multiple offers – Trustworthy buyers will explain how they calculate value and base their offers on the live market. A green flag is any company that provides an upfront estimate without requiring someone to send their valuables first.
- Consider a reputable mail-in buyer – The Alloy Market is an online precious metal buyer that purchases platinum. Their services provided include:
- Free insured shipping
- Professional testing
- Transparent, itemized offers
- Same-day payments
The Alloy Market Wants to Buy Your Platinum
Request a free Alloy Kit, ship from home, and receive a same-day offer after evaluation.
Where to Sell Platinum (Jewelry or Bars)
There are several selling options for someone looking to sell platinum bars, coins, and jewelry, each offering different advantages in terms of speed, payout, and convenience.
Local jewelry stores
Some jewelers buy platinum jewelry, especially pieces from a well-known, sought-after designer. Vintage pieces are also often a draw as they may have high resale value. Offers vary widely, and stores may limit their platinum purchases due to local demand.
Coin shops and bullion dealers
These shops specialize in bullion bars and coins, especially those from well-known refiners such as PAMP, Valcambi, and Credit Suisse. Their purchasing frequency and pricing also depend on local demand.
Pawn shops
The most readily available, pawn shops offer fast payouts and allow sellers to use their items as collateral for a short-term loan. Sellers trade the convenience of a quick sale for some of the value of their item, as pawn shops notoriously pay low percentages of melt value for precious metals.
Online marketplaces
Platforms like eBay or Etsy allow sellers to set their own prices, but they require time, photography, handling questions, authentication, and shipping. Their reach is much larger, but they typically aren’t quick. It can take weeks or even months to procure a buyer. They also charge fees for their services.
The Alloy Market
The Alloy Market offers a balance of convenience and strong payouts. When you request a free evaluation kit, we ship it to you right away. Inside, we provide a postage-paid parcel to pack and ship your items to us, insured.
Items are professionally evaluated the same day they are received, and we send a detailed breakdown of your offer. When you accept, we initiate payment on the same business day.
Platinum Items You Can Sell
Not sure if we accept your item? Get in touch!
Sell Your Platinum Jewelry or Bullion
We’ll Buy Your Platinum
Have platinum to sell? Whether it’s investment-grade bullion or broken chains, The Alloy Market will buy your platinum.
Join the countless others who have made The Alloy Market their go-to precious metal buyer.
Getting An Estimate For Your Platinum Is As Easy As 1, 2, 3!
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