Platinum does not have the long monetary history of silver and gold, however due to it's greater rarity, it has become prized as both an investment and an industrial metal.Īpproximately 80% of the world's platinum supply comes from South Africa, and labour disruptions can have a real effect on the supply and price of platinum. For access to these additional charts and tools, please call a Monex account representative.How to Buy Platinum Online Why Buy Platinum Bullion? Located on special restricted-access web pages, these additional charts and tools are available via special links, which can be sent to qualified recipients in special emails sent from Monex. In addition, Monex is pleased to offer our customers and prospective customers a wide selection of other tools, including exclusive and customized charts not available to the general public. These charts are the widely accessible chart information available to all Monex customers and prospective customers, websites, competitors, researchers and government officials alike. The 3-Month Live chart incorporates the latest platinum prices for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts use just the final spot platinum price for the previous trading day. The platinum price charts above are for Monex Spot Platinum, which represent the midpoint between Monex bid and ask prices per ounce, for pure platinum bullion. The best value for a single current price of platinum is the nominal price between those prices on an active high-volume marketplace for immediate delivery, which is most commonly referred to as the spot price of platinum. Actually, current platinum prices would be price levels where traders are most actively making a buy or sell market. The NYMEX commodity exchange reports futures contract transaction prices to the public on a 5-15 minute delayed basis. 9995 fine pure platinum 50 troy ounce plate. Universally quoted prices for platinum assume the large commercially standard. Utilization forms of platinum, which has the element symbol Pt, include platinum bars, commercial plates, small ingots, platinum coins, wire, shot and powder. As such, “platinum” actually has different price points at any one instant in time. For greater transparency, the Monex live spot platinum price for its 11-hour trading day can be found here on our Live Prices page and by using the Monex Bullion Investor smartphone app available for both Apple and Android smartphones.īecause platinum is both a highly utilized industrial metal and a monetary investment commodity, it can come in a wide variety of useful forms, qualities and delivery locations. Monex quotes extremely competitive prices for platinum bullion depository delivery and publishes buy/sell commission charges commensurate with the size of a transaction. There are, however, charges that accompany transactions including buy/sell fees, shipping expenses or storage charges. Ask prices for platinum products reflect competitive marketplace conditions for a particular type of platinum investment. Monex offers a two-way buy/sell market with quoted Ask and Bid prices. In fact, a genuine spot platinum price is not truly a quote at all, as it is not where dealers offer to buy or sell. The true spot platinum price is merely a benchmark per-ounce price that acts as a reference associated with the present month of the COMEX futures contract. Monex does not offer any products at spot prices.
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