Platinum Prices vs Gold Prices. Interactive chart comparing daily gold and platinum prices over the last 10 years. Both gold and platinum are shown in U.S. dollars per troy ounce.
Platinum Vs. Gold Price Chart (monthly data) As you can see by the chart above, platinum was worth more than gold for the vast majority of the 20th Century. It was not until the global financial crisis of 2008 that gold prices began to overtake platinum prices in terms of overall, now fully fiat US dollar valuations (Post-1971).
The gold price versus platinum price shows a correction of the XAU/XPT pair in the short term. The World Platinum Investment Council stated in its second-quarter 2021 report that global platinum demand rose by 23% year-on-year to 1,907koz (thousand ounces). For the full year, the forecast is for a 1% increase over last year (2020) to 7,753koz. While demand has shown an increasing trend, supply has also risen sharply thanks to the processing of the backlog created by plant outages in 2020.
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The platinum vs. gold price is an important indicator of the relative values of both precious metals. The gold and platinum price charts below show the price of gold and platinum today as well as the gold and platinum prices over one month, one, five, ten, twenty and fifty year periods. The gold platinum ratio is also presented for each period.
Since 2011, the price of gold has exceeded the price of platinum. 3 As of June 7, 2021, gold was trading at $1,897 an ounce compared to $1,175 an ounce for platinum. 4 5. On May 19, 2008, platinum traded to a modern-day high of $2,182 per ounce. 6.
Platinum has a higher price and is rarer than gold, whereas gold is technically a purer substance. Due to the hefty price difference and similar uses, it can be hard to pick. To help you decide, we’ve made a thorough examination of the two different metals!
Price. Gold can cost more per ounce than platinum, but it’s lighter, so you get more bang for your buck weight-wise. Gold is also more stably priced than platinum and fluctuates much less. The current prices of gold, platinum, and silver can always be found at the top of nationwidecoins.com.
price: Platinum is the most expensive of the precious metals, due to stunning appearance and superior durability. White gold is more affordable than platinum, but requires more maintenance, so it may accrue more cost in the long run. Rose gold is more affordable than platinum, and has approximately the same price point as white gold and yellow gold.