Platinum market chart
Historical benchmark in USD per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in USD per Baht
Live platinum price history in US Dollar (USD) per baht. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 15.2440 grams
= 0.490106 troy ounces
Price per baht: —
Platinum price by currency
Fine platinum per baht · 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 (USD) |
|---|---|---|
| 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 Baht? Platinum weight, conversions and local use
Definition. The gold baht is 15.244 g of 96.5% pure gold as sold in Thai shops, or 15.16 g when the metal is pure. Locally it is written บาท. One baht equals 15.244 grams, or 0.49011 troy ounces, which at today's platinum spot price works out to — USD.
Where it is used. Thai gold shops sell chains and bars by the baht, and the Gold Traders Association publishes a daily buy and sell rate for exactly this unit. The unit is the trading standard in Thailand.
Pricing conventions. Thai 96.5% jewellery carries a small fixed workmanship charge rather than a percentage premium, which is why Thai gold is unusually easy to resell near its quoted value. 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 weight unit shares its name with the currency but is entirely separate — a 'one baht' chain is a weight, not a price.
Platinum price per Baht in USD — quick conversion table
| Quantity | Grams | Troy ounces | Value (USD) |
|---|---|---|---|
| 1 baht | 15.244 g | 0.4901 oz t | — |
| 5 bahts | 76.22 g | 2.4505 oz t | — |
| 10 bahts | 152.44 g | 4.9011 oz t | — |
| 100 bahts | 1,524.4 g | 49.0106 oz t | — |
Values are calculated from the live XPT spot price converted into US Dollar and refresh with the price above.
Buying Platinum in United States: local market, taxes and premiums
At the live price shown above per baht, the price you see here is the international XPT spot price converted into US Dollar. Physical buyers in United States pay that reference plus a premium, and local trading is concentrated around New York and the large national online dealers. Buyers there generally watch the COMEX front-month contract and the LBMA PM auction as the day's reference.
Taxes and duties. Silver, platinum and palladium follow the same state-level rules, and long-term gains on physical metal are taxed as collectibles at up to 28%. 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 USD can sit noticeably above the spot value of the same baht of metal.
How people usually buy. The common routes in United States are APMEX-style online dealers, local coin shops, US Mint authorised purchasers and COMEX futures and ETFs. The products most often quoted locally include American Gold Eagle, American Buffalo, 1 oz Silver Eagle, 10 oz and 1 kg bars.
Local conventions. Prices are quoted per troy ounce; jewellery is sold in karats (14K and 18K dominate) rather than fineness. Before you buy, compare the dealer's asking price per baht 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 USD quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in United States can change.
Other Precious Metals in USD
Compare prices across different precious metals
About Platinum Price in USD
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 Baht in US Dollar
The current platinum price per baht in US Dollar (USD) 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 States, 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 bahts, which may be more practical for local transactions.
The baht is a Thai unit of weight for gold, equal to 15.244 grams. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current USD Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for United States investors tracking platinum in USD.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in USD – FAQ
How much does one ounce of platinum cost in USD 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/USD rate.
What is the current platinum rate in United States today?
The current platinum rate in United States is the live spot price shown on this page per baht. Prices refresh every 5 minutes and follow the international Platinum spot price converted to US Dollar.
How much is 1 baht of platinum in USD?
1 baht 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 USD exchange rate (1 baht = 15.244 grams).
How is the platinum price per baht calculated?
The platinum price per baht is calculated by converting the international spot price (quoted per troy ounce in USD) to USD using the current exchange rate, then converting to the baht weight unit (1 baht = 15.244 grams).
Do I pay tax or VAT when buying platinum in United States?
Silver, platinum and palladium follow the same state-level rules, and long-term gains on physical metal are taxed as collectibles at up to 28%. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per baht more than small differences in the USD spot quote.
Where do people usually buy platinum in United States?
The usual routes are APMEX-style online dealers, local coin shops, US Mint authorised purchasers, COMEX futures and ETFs. Local trading is centred on New York and the large national online dealers, and the products most often quoted are American Gold Eagle, American Buffalo, 1 oz Silver Eagle, 10 oz and 1 kg bars.
Why is the shop price of platinum higher than the spot price in USD?
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 baht with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the United States platinum market follow?
Local buyers generally follow the COMEX front-month contract and the LBMA PM auction, converted into US Dollar (USD). Prices are quoted per troy ounce; jewellery is sold in karats (14K and 18K dominate) rather than fineness.