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* Live platinum price
Platinum price per gram today
Platinum jewelry is usually 85–95% pure (PT850–PT950) and denser than gold, so a platinum ring of the same size weighs more. Below is today's spot price converted to the per-gram melt value of each common platinum purity.
Published May 30, 2026 · Updated August 29, 2026
Today's platinum spot price
- Per troy ounce
- $1,829
- Per gram
- $58.80
- As of
- August 29, 2026
Spot is the price of pure platinum ($58.80/g). Jewelry is rarely pure, so its melt value is the spot price scaled by its purity — see the table below.
Platinum value per purity (per gram, today)
Each figure is the pure-metal melt value: spot per gram × platinum fraction. A scrap buyer pays roughly 85% of this after their margin. Tap a purity above for its full per-gram, by-weight, and scrap-value breakdown.
What PT999 is worth by weight
- 1 g
- $58.74
- 5 g
- $294
- 10 g
- $587
- 1 troy oz
- $1,827
Getting a real scrap value
- Confirm the purity from the hallmark — the stamp sets the multiplier.
- Weigh the piece in grams (a $10 jewelry scale is plenty accurate).
- Multiply: spot/g × purity × weight = pure melt value. Subtract ~15% for a realistic buy-back offer.
- Exclude gemstones and clasps that aren't platinum from the weight.
- Not sure of the hallmark? Scan it in the Jewelry Identifier app to read the metal and purity from a photo.
Prices update daily from the global spot market. This is an estimate for guidance, not a certified appraisal or a locked quote.
* Frequently asked
FAQ
- Q. How is platinum jewelry priced per gram?
- A. Take the spot price per gram ($58.80 today) and multiply by the purity. A buyer then deducts roughly 15% for refining and margin, so a cash offer lands below the pure-metal melt value.
- Q. Is the price on this page live?
- A. It reflects the global spot price as of August 29, 2026. Spot moves continuously during market hours; treat these as a close estimate, not a locked quote.
- Q. Why is a buy-back offer lower than the melt value?
- A. Refiners and pawn shops deduct assay, refining, and margin — commonly 15% or more. Stones and non-platinum components are usually excluded from the weight too.
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