View GoldCore’s 10 Year Platinum Price Chart in Dollars per ounce, to help you spot trends and decide when to buy platinum bullion. Adjust the chart to see the 10 year platinum price in British Dollars, US Dollars, Australian Dollars, as well as euros.
Ten year Platinum price chart
GoldCore’s 10 year platinum price chart brings you up-to-the minute price movements for the platinum price. You can see the 10 year platinum price chart in a number of currencies and weights. This will help you to decide when is the best time to execute your platinum trade and add the precious metal to your portfolio.
The platinum price is determined by demand and supply.
Because platinum is seen as a store of value, its spot price is continually fluctuating due to reasons such as:
Supply and demand in the market
Threats of inflation or deflation, real or perceived
Variations in the exchange rate
The state of the world
Current events in politics
Supply is particularly tight in the platinum market. The metal is very rare (gold is 30 times less rare) and 70% of the mined supply comes from one country: South Africa. This means that the supply and, therefore, price is extremely sensitive to any political or economic upset that goes on in this country. When looking at the 10 year platinum price chart you might be able to spot the South African miner strike that went on for some time.
Demand is hugely affected by the automotive sector. You will see that the majority of demand for industrial platinum comes from the automotive sector looking to use it in catalytic converters. The metal is used to oxidize hazardous gasses into less toxic gasses.
Due to market pressures, the price of platinum fluctuates on a minute-by-minute basis. You can watch the 10 year platinum price chart in the currency of your choosing on the GoldCore platinum price chart, and keep informed no matter how frequently the value changes.
Are you interested in buying gold or buy silver in US? If you have any questions, send us a message by live chat, email, or phone, and one of our experts will answer.
Will The Gold Price Shift As Two Great Titans Leave Us?
For much of November gold has been on a tear and this week investors have sent it way up, punching past $2000. Will these giddy heights of over $2,000 be how gold chooses to see out month-end? At the time of writing we cannot be sure. Yesterday prices did soften ever so slightly but the […]
Gold, a seasonal rally and the future of money
Happy Thanksgiving to all of our readers. For anyone celebrating we hope you have a wonderful day and we thank you for your support this past year. Big news this week – gold hit $2,030 in intra-day trading on Tue, it didn’t hang on but it did close the day with a hefty $20 gain […]