Platinum market chart
Historical benchmark in RUB per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in RUB per Pennyweight
Live platinum price history in Russian Ruble (RUB) 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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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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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 (RUB) |
|---|---|---|
| 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 — RUB.
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 RUB — quick conversion table
| Quantity | Grams | Troy ounces | Value (RUB) |
|---|---|---|---|
| 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 Russian Ruble and refresh with the price above.
Buying Platinum in Russia: 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 Russian Ruble. Physical buyers in Russia pay that reference plus a premium, and local trading is concentrated around Moscow, through bank bullion desks. Buyers there generally watch the Central Bank of Russia daily metal price in rubles per gram as the day's reference.
Taxes and duties. Silver, platinum and palladium bars are also sold through banks, with Russia a major palladium producer. 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 RUB can sit noticeably above the spot value of the same pennyweight of metal.
How people usually buy. The common routes in Russia are Sberbank and VTB bullion desks, unallocated metal accounts (OMS), coin programmes and refiners. The products most often quoted locally include Georgy Pobedonosets coins, 100 g and 1 kg bars, palladium bars.
Local conventions. Bank unallocated metal accounts are a long-standing local savings format, quoted in rubles per gram. 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 RUB quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Russia can change.
Other Precious Metals in RUB
Compare prices across different precious metals
About Platinum Price in RUB
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 Russian Ruble
The current platinum price per pennyweight in Russian Ruble (RUB) 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 Russia, 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 RUB Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Russia investors tracking platinum in RUB.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in RUB – FAQ
How much does one ounce of platinum cost in RUB 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/RUB rate.
What is the current platinum rate in Russia today?
The current platinum rate in Russia 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 Russian Ruble.
How much is 1 pennyweight of platinum in RUB?
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 RUB 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 RUB 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 Russia?
Silver, platinum and palladium bars are also sold through banks, with Russia a major palladium producer. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per pennyweight more than small differences in the RUB spot quote.
Where do people usually buy platinum in Russia?
The usual routes are Sberbank and VTB bullion desks, unallocated metal accounts (OMS), coin programmes, refiners. Local trading is centred on Moscow, through bank bullion desks, and the products most often quoted are Georgy Pobedonosets coins, 100 g and 1 kg bars, palladium bars.
Why is the shop price of platinum higher than the spot price in RUB?
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 Russia platinum market follow?
Local buyers generally follow the Central Bank of Russia daily metal price in rubles per gram, converted into Russian Ruble (RUB). Bank unallocated metal accounts are a long-standing local savings format, quoted in rubles per gram.