See the chart below to view the platinum price last year. You can look at the platinum price in EUR per Kilo, or change the dropdown options to see the platinum price chart for USD, GBP, AUD and different weights.
The platinum price last year is always interesting viewing. If you wish to look at the platinum price last year in order to spot any trends in the price or perhaps to see when is a good time to buy, then you might also be interested in viewing the platinum price for other time frames. Simply select the time period of your choice, using the menu options above the chart.
You can adjust the chart for the platinum price last year to instead enable you to keep track of the price of platinum in real time for up-to-date information. We always have a current pricing per ounce accessible. A variety of factors influence its price, with supply being one of the most crucial. As it is so rare, platinum supply has a substantial impact on the price per ounce.
Platinum is 30 times rarer than gold. It is believed that there is more gold in outer space, on the moon and meteorites, than there is here on earth. The platinum that was straightforward to mine has been removed, as has been the case with many natural resources. The remaining platinum has a higher cost of extraction in terms of both money and the environment. These more difficult-to-reach resources enhance mining costs, which could lead to higher platinum prices in the future.
Whilst the platinum price last year might show some trends, it is also worth looking at industrial information to give you an idea of future demand trends. For example, as platinum is so widely used catalytic converters you might spot future demand if there is an uptick in expected car production for the next five years.
Are you looking to buy gold or silver in Ireland? If you have any questions, please contact us by live chat, email, or phone.
Next week, on Tuesday 21st October, we’ll be hosting a live conversation about what record-breaking gold and silver prices really mean. It’s titled “Gold at $4,000, Silver at $50: Peak or Turning Point?” which captures the mood of the moment. Gold has climbed more than 50% in a year and silver has broken through levels not seen for […]
Gold and silver both reached record highs this week, briefly pausing only after crossing thresholds that many investors had once assumed would hold for years. Prices have eased since, but something significant has changed in the collective psychology of markets. The ceiling has gone. What was once a speculative hope has become accepted fact, and […]
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