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As of 21 November 2022, the platinum spot price in New York was $980 [8] per ounce, compared to $1,742 per ounce for gold [9] and $20.84 per ounce for silver. [10] Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for ...
In addition to being accompanied by a certificate of authenticity, the coins were encased in a domed mahogany box designed to display the coins at an angle. [32] The set's release on December 13, 2007, at a price of $1,949.95 (around $475 above platinum spot) with a seven-day one-set-per-household limit was met with strong collector interest. [32]
The coin had a face value of 100 Estonian kroons, a platinum purity of 999/1000, a weight of 7.775 grams, [14] and a diameter of 18.0 mm. [15] The coin was designed by Tiit JÏ‹rna and produced by the Mint of Finland with a quantity of 3,000 pieces.
The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent to 31 grams — the highest recorded to date ...
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...
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