Platinum market chart
Historical benchmark in GBP per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in GBP per Tola
Live platinum price history in British Pound (GBP) per tola. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 11.6638 grams
= 0.375000 troy ounces
Price per tola: —
Platinum price by currency
Fine platinum per tola · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (GBP) |
|---|---|---|
| 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 Tola? Platinum weight, conversions and local use
Definition. The tola (11.6638 g) is the traditional South Asian unit for gold and remains the standard quote in Indian and Gulf jewellery shops. Locally it is written तोला. One tola equals 11.6638 grams, or 0.37500 troy ounces, which at today's platinum spot price works out to — GBP.
Where it is used. Ten-tola bars ('TT bars', 116.64 g) are the classic Dubai-to-India trade format, and wedding jewellery is still ordered by the tola. The unit is the trading standard in India, Pakistan, Nepal and the Gulf.
Pricing conventions. Indian shops quote a tola rate for 22K (0.916) rather than pure metal, then add making charges of 8–25%. Gulf shops quote 24K per tola or per gram and charge a smaller fixed making fee. 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. The tola was once the weight of a British India silver rupee, which is why the unit is tied so closely to jewellery and savings culture.
Platinum price per Tola in GBP — quick conversion table
| Quantity | Grams | Troy ounces | Value (GBP) |
|---|---|---|---|
| 1 tola | 11.664 g | 0.3750 oz t | — |
| 5 tolas | 58.319 g | 1.8750 oz t | — |
| 10 tolas | 116.638 g | 3.7500 oz t | — |
| 100 tolas | 1,166.38 g | 37.5000 oz t | — |
Values are calculated from the live XPT spot price converted into British Pound and refresh with the price above.
Buying Platinum in United Kingdom: local market, taxes and premiums
At the live price shown above per tola, the price you see here is the international XPT spot price converted into British Pound. Physical buyers in United Kingdom pay that reference plus a premium, and local trading is concentrated around London, the world's largest OTC bullion centre. Buyers there generally watch the twice-daily LBMA auction fixed in London as the day's reference.
Taxes and duties. Silver, platinum and palladium attract 20% VAT unless stored in an HMRC-approved bonded vault. 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 GBP can sit noticeably above the spot value of the same tola of metal.
How people usually buy. The common routes in United Kingdom are Royal Mint bullion, London dealers such as those around Hatton Garden, online dealers and LBMA-vaulted allocated accounts. The products most often quoted locally include Gold Britannia, Sovereign, 1 kg silver bars, allocated vault grams.
Local conventions. London is the pricing centre for the LBMA Gold Price, quoted per troy ounce and settled in loco London good-delivery bars. Before you buy, compare the dealer's asking price per tola 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 GBP quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in United Kingdom can change.
Other Precious Metals in GBP
Compare prices across different precious metals
About Platinum Price in GBP
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 Tola in British Pound
The current platinum price per tola in British Pound (GBP) 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 United Kingdom, 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 tolas, which may be more practical for local transactions.
The tola is a traditional Indian unit of weight, still commonly used for gold in South Asia. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current GBP Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for United Kingdom investors tracking platinum in GBP.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in GBP – FAQ
How much does one ounce of platinum cost in GBP 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/GBP rate.
What is the current platinum rate in United Kingdom today?
The current platinum rate in United Kingdom is the live spot price shown on this page per tola. Prices refresh every 5 minutes and follow the international Platinum spot price converted to British Pound.
How much is 1 tola of platinum in GBP?
1 tola 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 GBP exchange rate (1 tola = 11.6638 grams).
How is the platinum price per tola calculated?
The platinum price per tola is calculated by converting the international spot price (quoted per troy ounce in USD) to GBP using the current exchange rate, then converting to the tola weight unit (1 tola = 11.6638 grams).
Do I pay tax or VAT when buying platinum in United Kingdom?
Silver, platinum and palladium attract 20% VAT unless stored in an HMRC-approved bonded vault. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per tola more than small differences in the GBP spot quote.
Where do people usually buy platinum in United Kingdom?
The usual routes are Royal Mint bullion, London dealers such as those around Hatton Garden, online dealers, LBMA-vaulted allocated accounts. Local trading is centred on London, the world's largest OTC bullion centre, and the products most often quoted are Gold Britannia, Sovereign, 1 kg silver bars, allocated vault grams.
Why is the shop price of platinum higher than the spot price in GBP?
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 tola with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the United Kingdom platinum market follow?
Local buyers generally follow the twice-daily LBMA auction fixed in London, converted into British Pound (GBP). London is the pricing centre for the LBMA Gold Price, quoted per troy ounce and settled in loco London good-delivery bars.