Platinum market chart
Historical benchmark in NOK per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in NOK per Pennyweight
Live platinum price history in Norwegian Krone (NOK) per pennyweight. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 1.5552 grams
= 0.050000 troy ounces
Price per dwt: —
Platinum price by currency
Fine platinum per pennyweight · current exchange rates
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US Dollar
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Saudi Riyal
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Swedish Krona
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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 (NOK) |
|---|---|---|
| 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 Pennyweight? Platinum weight, conversions and local use
Definition. The pennyweight (1.55517 g, one twentieth of a troy ounce) is the unit American jewellers and scrap buyers still quote in. One pennyweight equals 1.55517 grams, or 0.05000 troy ounces, which at today's platinum spot price works out to — NOK.
Where it is used. Repair work, casting weights and scrap gold offers in the US are almost always priced per pennyweight rather than per gram. The unit is the trading standard in United States jewellery trade.
Pricing conventions. A scrap buyer quoting per dwt is quoting on a unit roughly 1.5 times a gram, so always convert before comparing with an online per-gram offer. 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 name survives from the medieval English penny, which literally weighed one pennyweight of silver.
Platinum price per Pennyweight in NOK — quick conversion table
| Quantity | Grams | Troy ounces | Value (NOK) |
|---|---|---|---|
| 1 pennyweight | 1.555 g | 0.0500 oz t | — |
| 5 pennyweights | 7.776 g | 0.2500 oz t | — |
| 10 pennyweights | 15.552 g | 0.5000 oz t | — |
| 100 pennyweights | 155.517 g | 5.0000 oz t | — |
Values are calculated from the live XPT spot price converted into Norwegian Krone and refresh with the price above.
Buying Platinum in Norway: local market, taxes and premiums
At the live price shown above per pennyweight, the price you see here is the international XPT spot price converted into Norwegian Krone. Physical buyers in Norway pay that reference plus a premium, and local trading is concentrated around Oslo, with dealers importing from continental Europe. Buyers there generally watch the LBMA price converted at the Norges Bank daily rate as the day's reference.
Taxes and duties. Silver, platinum and palladium carry 25% VAT, so most Norwegian silver investors buy stored metal abroad. 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 NOK can sit noticeably above the spot value of the same pennyweight of metal.
How people usually buy. The common routes in Norway are Norwegian bullion dealers, European online dealers with insured shipping, bank deposit boxes and ETCs. The products most often quoted locally include 1 oz bullion coins, 100 g bars, vaulted allocated grams.
Local conventions. Because Norway is outside the EU customs union, imports need customs declaration even when the metal itself is VAT-free. Before you buy, compare the dealer's asking price per pennyweight 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 NOK quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Norway can change.
Other Precious Metals in NOK
Compare prices across different precious metals
About Platinum Price in NOK
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 Pennyweight in Norwegian Krone
The current platinum price per pennyweight in Norwegian Krone (NOK) 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 Norway, 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 pennyweights, which may be more practical for local transactions.
The pennyweight is a unit of mass equal to 24 grains, 1/20 of a troy ounce. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current NOK Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Norway investors tracking platinum in NOK.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in NOK – FAQ
How much does one ounce of platinum cost in NOK 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/NOK rate.
What is the current platinum rate in Norway today?
The current platinum rate in Norway is the live spot price shown on this page per pennyweight. Prices refresh every 5 minutes and follow the international Platinum spot price converted to Norwegian Krone.
How much is 1 pennyweight of platinum in NOK?
1 pennyweight 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 NOK exchange rate (1 pennyweight = 1.55517 grams).
How is the platinum price per pennyweight calculated?
The platinum price per pennyweight is calculated by converting the international spot price (quoted per troy ounce in USD) to NOK using the current exchange rate, then converting to the pennyweight weight unit (1 pennyweight = 1.55517 grams).
Do I pay tax or VAT when buying platinum in Norway?
Silver, platinum and palladium carry 25% VAT, so most Norwegian silver investors buy stored metal abroad. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per pennyweight more than small differences in the NOK spot quote.
Where do people usually buy platinum in Norway?
The usual routes are Norwegian bullion dealers, European online dealers with insured shipping, bank deposit boxes, ETCs. Local trading is centred on Oslo, with dealers importing from continental Europe, and the products most often quoted are 1 oz bullion coins, 100 g bars, vaulted allocated grams.
Why is the shop price of platinum higher than the spot price in NOK?
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 pennyweight with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Norway platinum market follow?
Local buyers generally follow the LBMA price converted at the Norges Bank daily rate, converted into Norwegian Krone (NOK). Because Norway is outside the EU customs union, imports need customs declaration even when the metal itself is VAT-free.