Platinum Melt Value Calculator
Platinum jewelry is usually 95% pure, marked PLAT, PT950, or 950, and far purer than most gold alloys. Enter a weight below to price it at the live platinum spot rate.
A quirk of the current market: platinum trades below gold per ounce, so a platinum ring is often worth less as metal than the same ring in 18K gold, which surprises sellers who remember when platinum was the premium metal.
What PLAT platinum is worth right now
| Amount — PLAT 950 (.950) | Melt value now |
|---|---|
| 1 gram | $57.63 |
| 5 grams | $288.17 |
| 10 grams | $576.35 |
| 1 pennyweight (dwt) | $89.63 |
| 1 troy ounce | $1,792.65 |
| A typical band (4–9 g) | $230.54 – $518.71 |
Computed from the live spot price on load; the printed figures are a 2026-08-23 snapshot. Item weights are typical ranges — weigh yours and use the calculator above for the exact number.
| Purity | Fineness | Value per gram | Value per troy oz |
|---|---|---|---|
| .999 fine | 0.999 | $60.61 | $1,885.11 |
| PLAT 950 (.950) | 0.95 | $57.63 | $1,792.65 |
| .900 | 0.9 | $54.60 | $1,698.30 |
| .850 | 0.85 | $51.57 | $1,603.95 |
Dollar figures here are computed from the live spot price when the page loads and change continuously; the printed baseline is a 2026-08-23 snapshot. Cite the metal content and formula, not a captured price. Formulas on the methodology page.
Marks and lookalikes
PT950/PLAT: 95% platinum. PT900: 90%. 'Platinum-plated', 'platinaire', and unmarked white metal are usually silver or base alloys. White gold is not platinum; it's gold alloyed pale and rhodium-plated, marked with karat stamps (14K, 18K, 750). Buyers separate the two instantly by density and XRF.
Sources: live spot prices via gold-api.com · coin weights and fineness from U.S. Mint historical specifications · karat/fineness definitions per standard jewelry marking practice. Melt value ≠ an offer to buy; see how we calculate.