Platinum market chart
Historical benchmark in CAD per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in CAD per Mesghal
Live platinum price history in Canadian Dollar (CAD) per mesghal. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 4.6875 grams
= 0.150707 troy ounces
Price per mesghal: —
Platinum price by currency
Fine platinum per mesghal · current exchange rates
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (CAD) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Mesghal? Platinum weight, conversions and local use
Definition. The mesghal (4.6875 g) is the traditional Persian unit for gold, equal to 4.6875 g or 4.608 g depending on the local standard. Locally it is written مثقال. One mesghal equals 4.6875 grams, or 0.15071 troy ounces, which at today's platinum spot price works out to — CAD.
Where it is used. Iranian bazaar dealers quote 17-carat (705) gold per mesghal, and the mesghal rate is published alongside the coin (Bahar Azadi) price. The unit is the trading standard in Iran and parts of the Middle East.
Pricing conventions. Because Iranian jewellery is traditionally 18K sold at a 705 assay, converting a mesghal quote to a world price requires adjusting for purity as well as weight. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
Good to know. One mesghal equals 5 dirham in the old Persian system; the sooth (soot) subdivides it further for small stones.
Platinum price per Mesghal in CAD — quick conversion table
| Quantity | Grams | Troy ounces | Value (CAD) |
|---|---|---|---|
| 1 mesghal | 4.688 g | 0.1507 oz t | — |
| 5 mesghals | 23.438 g | 0.7535 oz t | — |
| 10 mesghals | 46.875 g | 1.5071 oz t | — |
| 100 mesghals | 468.75 g | 15.0707 oz t | — |
Values are calculated from the live XPT spot price converted into Canadian Dollar and refresh with the price above.
Buying Platinum in Canada: local market, taxes and premiums
At the live price shown above per mesghal, the price you see here is the international XPT spot price converted into Canadian Dollar. Physical buyers in Canada pay that reference plus a premium, and local trading is concentrated around Toronto and the Royal Canadian Mint distribution network. Buyers there generally watch the LBMA price converted at the Bank of Canada daily rate as the day's reference.
Taxes and duties. Platinum must be 99.95% to be zero-rated; numismatic and lower-purity items are taxed at the provincial rate. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum in CAD can sit noticeably above the spot value of the same mesghal of metal.
How people usually buy. The common routes in Canada are Royal Canadian Mint, bank-linked bullion desks, online dealers and TSX-listed metal trusts. The products most often quoted locally include Gold Maple Leaf, Silver Maple Leaf, RCM 1 kg bars, Maplegram sheets.
Local conventions. The Maple Leaf is struck at 99.99% fineness, one of the purest mass-market bullion coins available. Before you buy, compare the dealer's asking price per mesghal with the live platinum price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline CAD quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Canada can change.
Other Precious Metals in CAD
Compare prices across different precious metals
About Platinum Price in CAD
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Mesghal in Canadian Dollar
The current platinum price per mesghal in Canadian Dollar (CAD) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum in Canada, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in mesghals, which may be more practical for local transactions.
The mesghal is a traditional unit of weight used in Iran and the Middle East for gold. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current CAD Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Canada investors tracking platinum in CAD.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in CAD – FAQ
How much does one ounce of platinum cost in CAD today?
One troy ounce of platinum currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XPT/CAD rate.
What is the current platinum rate in Canada today?
The current platinum rate in Canada is the live spot price shown on this page per mesghal. Prices refresh every 5 minutes and follow the international Platinum spot price converted to Canadian Dollar.
How much is 1 mesghal of platinum in CAD?
1 mesghal of platinum equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the CAD exchange rate (1 mesghal = 4.6875 grams).
How is the platinum price per mesghal calculated?
The platinum price per mesghal is calculated by converting the international spot price (quoted per troy ounce in USD) to CAD using the current exchange rate, then converting to the mesghal weight unit (1 mesghal = 4.6875 grams).
Do I pay tax or VAT when buying platinum in Canada?
Platinum must be 99.95% to be zero-rated; numismatic and lower-purity items are taxed at the provincial rate. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per mesghal more than small differences in the CAD spot quote.
Where do people usually buy platinum in Canada?
The usual routes are Royal Canadian Mint, bank-linked bullion desks, online dealers, TSX-listed metal trusts. Local trading is centred on Toronto and the Royal Canadian Mint distribution network, and the products most often quoted are Gold Maple Leaf, Silver Maple Leaf, RCM 1 kg bars, Maplegram sheets.
Why is the shop price of platinum higher than the spot price in CAD?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per mesghal with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Canada platinum market follow?
Local buyers generally follow the LBMA price converted at the Bank of Canada daily rate, converted into Canadian Dollar (CAD). The Maple Leaf is struck at 99.99% fineness, one of the purest mass-market bullion coins available.