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| Product | /oz | Premium | Price | |
|---|---|---|---|---|
U.S. Gold Bureau
$1,840.09 for 25+
|
$1,927.24 | +14.85% | $1,927.24 | View Deal |
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Prices are fetched automatically and may not reflect current merchant prices. Currency conversions and tax treatment are approximate. Rankings are based solely on price. We are not a dealer and accept no responsibility for transactions with listed merchants. Past performance is not indicative of future results. This site does not provide investment advice. Full disclaimer
1 oz Platinum Bar: frequently asked questions
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The cheapest 1 oz platinum bar across 26 dealers is $1,689.87 at Summit Bullion, about 0.9% over the platinum spot price of $1,673.00. Prices shift with the platinum market, so the comparison table above shows the live ranking.
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Platinum is mined at a far lower annual volume than gold worldwide. That scarcity in primary supply is one reason platinum commands attention as a store of value, though its price relative to gold is also shaped by industrial demand from the automotive and chemical sectors.
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Platinum's annual mining output is a fraction of gold's, and it is concentrated in a small number of producing countries. Fewer dealers hold inventory, fewer investors recognise it on sight, and bid-ask spreads can be wider as a result. Buyers should factor liquidity into their decision: selling platinum quickly at a fair price is generally harder than selling gold or silver.
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A standard 1 troy oz platinum bar weighs 1 oz (31.1 g). Platinum is denser than gold, so a 1 oz bar is physically smaller than its gold equivalent at the same weight. Most 1 oz bars are rectangular with a flat matte or brushed finish, stamped with weight, purity, and the refinery's hallmark.
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Cast bars are made by pouring molten platinum into a mould, producing a slightly rougher surface and occasionally irregular edges. Minted bars are cut from a rolled platinum sheet and then stamped under high pressure, giving sharper design detail and a smoother finish. Minted bars typically carry a slightly higher premium; cast bars are a lower-cost route to the same metal content.