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 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.
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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!
The two main differences between platinum and white gold are the composition and price. White gold consists more of a mixture of durable metals like nickel, zinc and copper while platinum is more pure with 95-98% platinum composition. More platinum is needed to make a ring though, causing the price to be 40-50% more.
The gold-platinum ratio is the best way to understand the price relationship between the two: if the ratio is above 1, platinum is cheaper than gold, and vice-versa. The chart below shows the daily gold vs platinum chart, representing platinum value vs gold value over the past 5 years. Both gold and platinum are shown in US dollars per troy ounce.
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.