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It subsequently fell to US$774 per troy ounce ($25/g) in November 2008. [8] As of 21 November 2022, the platinum spot price in New York was $980 [9] per ounce, compared to $1,742 per ounce for gold [10] and $20.84 per ounce for silver. [11] Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the ...
As of 2020, the most expensive non- synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume. Carbon in the form of diamond can be more expensive than rhodium. Per-kilogram prices of some synthetic radioisotopes range to trillions of dollars.
The following months brought a decline in platinum's price below $1,000 per troy oz, precipitating further suspensions and a final price of $1,249.95. When sales were officially ended on December 31, 2008, over a year after its initial release, the Mint reported total sales of 19,583 units.
Analysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand for platinum from ...
The price for palladium reached an all-time high of $2,981.40 per ounce on May 3, 2021, [95] [96] driven mainly on speculation of the catalytic converter demand from the automobile industry. Palladium is traded in the spot market with the code "XPD".
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". [6] [7] Platinum is a member of the platinum group of elements and group 10 of the periodic table of ...
The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely ...
In 2016, the mint introduced a one ounce platinum coin with a face value of 100 euros. [3] Like any bullion coin, the value is based primarily on the metal content and the spot price of that metal on the commodities markets. The gold Philharmonic has a fineness of 999.9 (often written 0.9999, also known as 24 karat or 99.99% pure). [4]
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