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The platinum calculator is a platinum melt value calculator which can be used to determine the value of platinum metal inside an item with a known weight and platinum purity. These items may include platinum jewelry (such as, bangles, bracelets, chains, earrings, necklaces, pendants, and rings), platinum bullion and platinum coins.
The platinum calculator is designed to calculate the platinum metal value for one item at a time. If you would like to calculate the platinum metal value for multiple items simultaneously consider using the scrap platinum calculator for scrap platinum, the platinum bullion calculator for platinum bullion bars and coins, and the platinum coin calculator for platinum coins.
Table of contents:
This calculation determines the value of platinum metal based on the weight, purity, and bid price for platinum metal.
95% pure platinum
% pure platinum
|Step 1: Convert the weight of the platinum alloy into troy ounces|
Weight of platinum alloy
= Weight of platinum alloy × Conversion factor
= 0 × 31.1034768
= 0 oz t
|Step 2: Convert the weight of the platinum alloy into the weight of platinum metal|
Weight of platinum metal
= Weight of platinum alloy × Platinum purity (%) ÷ 100
= 0 × 99.9 ÷ 100
= oz t
|Step 3: Calculate the value of platinum metal|
Value of platinum metal
= Weight of platinum metal × Price of platinum metal
= × 0
|* Unit weight conversions|
|1 avoirdupois ounce (oz) = 28.349523125 g||1 baht = 15.244 g||1 carat (ct) = 0.2 g|
|1 grain = 0.06479891 g||1 kilogram (kg) = 1000 g||1 masha = 0.97 g|
|1 milligram (mg) = 0.001 g||1 pennyweight (dwt) = 1.55517384 g||1 pound (lb) = 453.59237 g|
|1 ratti = 0.1215 g||1 tael (China - Treasury standard) = 37.5 g||1 tael (Hong Kong) = 37.7993638 g|
|1 tola (India) = 11.6638038 g||1 tola (Pakistan) = 12.5 g||1 tonne (t) = 1000 kg|
|1 ton (short) = 907.18474 kg||1 ton (long) = 1016.047 kg||1 troy ounce (oz t) = 31.1034768 g|
This calculation determines a price relative to the value of platinum metal from calculation 1.
This calculation is useful for people selling platinum. For people selling to a platinum buyer for cash it helps you negotiate a fair price. For people onselling platinum it helps determine listing prices.
In addition, this calculation can also be used by platinum buyers to come up with offer prices.
|Step 1: Calculate price relative to the value of platinum metal|
= Value of platinum metal × Platinum metal value (%) ÷ 100
= × 0 ÷ 100
This calculation determines how the price compares relative to the value of platinum metal from calculation 1.
This calculation is useful for people buying platinum. In general, how far the price deviates from the platinum metal value determines if it is cheap or expensive.
|Step 1: Calculate platinum metal value (%)|
Platinum metal value (%)
= Price ÷ Value of platinum metal × 100
= 0 ÷ × 100
= 0 %
Generate a unique link which saves the inputs of the calculators above (excludes currency and price per troy ounce).
When people click the link, the inputs will automatically be pre-populated with the same inputs.
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The calculators on this page are for information purposes only.
We do not buy or sell precious metals.
Platinum is often used inside alloys (mixture of metals).
The calculator on this page is only calculating the value of the platinum metal component.
The calculators assume homogenous (uniform) composition.
Platinum trades on international commodity markets.
This website uses the platinum bid price which is different from the platinum ask price and platinum spot price:
Look under the platinum price being used in the calculator to confirm when the price was last updated.
The live platinum price is retrieved when the page first loads or when the currency is changed.
If you are on this webpage for some time then the price shown become less up-to-date, therefore we recommending refreshing the page every so often in this situation. The frequency you refresh is dependent on your tolerance for currency and price flucations and their effect on the calculator currency-denominated inputs and outputs.
Occasionally we are unable to connect to our live platinum price feed.
If this occurs, the website will fall back to using the non-live platinum price equivalent of the currency requested.
We aim to update the non-live platinum price currencies once per hour.
Occasionally there will be a longer interval between updates.
All prices in this list should only be considered estimates due to small delays in data synchronization and the nature of price and currency fluctuations.
The platinum metal value may only be one factor which influences the price.
Other factors may include, but not limited to:
We use a simple rounding algorithm in calculating currency-denominated values. This is due to accepting a large range of currencies and the need to present user-friendly numbers.