See the chart below to view the platinum price last year. You can look at the platinum price in USD per Kilo, GBP, EUR, AUD and different weights.
The platinum price last year is always interesting viewing. If you wish to look at the platinum price last year in order to spot any trends in the price or perhaps to see when is a good time to buy, then you might also be interested in viewing the platinum price for other time frames. Simply select the time period of your choice, using the menu options above the chart.
You can adjust the chart for the platinum price last year to instead enable you to keep track of the price of platinum in real time for up-to-date information. We always have a current pricing per ounce accessible. A variety of factors influence its price, with supply being one of the most crucial. As it is so rare, platinum supply has a substantial impact on the price per ounce.
Platinum is 30 times rarer than gold. It is believed that there is more gold in outer space, on the moon and meteorites, than there is here on earth. The platinum that was straightforward to mine has been removed, as has been the case with many natural resources. The remaining platinum has a higher cost of extraction in terms of both money and the environment. These more difficult-to-reach resources enhance mining costs, which could lead to higher platinum prices in the future.
Whilst the platinum price last year might show some trends, it is also worth looking at industrial information to give you an idea of future demand trends. For example, as platinum is so widely used in catalytic converters you might spot future demand if there is an uptick in expected car production for the next five years.
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In March 1921, officials at the United States Treasury faced an unusual problem. Gold arriving from Europe appeared suitable for purchase by the American mint. It was easy enough to test both its weight and purity, and therefore establish its value. But they didn’t want it. The Treasury didn’t want it because the gold was […]
At the time of writing, gold is trading around $4,362 an ounce, down roughly 0.9% today, while silver has fallen more sharply to about $64.92, a decline of 3.3%. The immediate trigger was yet another uncomfortable US inflation report, in the form of August’s PPI. Producer prices rose 0.4% in August and 5.4% over the […]
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