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Platinum price 1970-2022 Platinum price 1880–2011 Platinum price 1968–2012. Platinum is traded as an ETF (exchange-traded fund) on the London Stock Exchange under the ticker symbol LSE: PHPT and on the New York Stock Exchange as ticker symbols PPLT and PLTM [12] There are also several ETNs (exchange-traded note) available.
Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. 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.
Platinum prices are stable year to date but have risen 14% over the past year. Costco is diversifying its precious-metals business by selling 1-ounce bars of platinum for $1,090.
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. [31]
The price of platinum is expected to average about $1,770 an ounce in 2013, its highest price since 2011. The price spike is due almost entirely to the closure of several mines in South Africa ...
Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. [1] The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded ...
In 1973, metal dealers established "London Platinum and Palladium Quotation"—a forerunner of the fixings. The prices for platinum and palladium were settled twice a day on the spot market. In 1979, leading dealers from London and Zurich signed an agreement to standardize the origin and specifications of the metals of the good delivery quality.
Platinum coins are a popular investment, and each year the number of such coins sold by Sberbank of Russia increases by 30–50%. [19] Most experts agree that such investments should have a long-term character, as the rise of the platinum price is relatively slow – about 80% over the last 5 years, except for a rapid rise followed by decline ...