Platinum Daily Price Recap
Platinum closed the previous day up 1.74% ($14.2436); this denotes the 5th day in a row an upward move has occurred. Relative to other instruments in the metals asset class, Platinum ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Platinum below illustrates.
Platinum Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Platinum’s price has gone up 7 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Platinum:
- From INDBullionaire:
@friendly_rohit Googling Platinum price isn’t a good method. Infact take the spot price of 819 USD per ounce convert it into INR. Divide by 31.10 to get price of 1 Gram in INR. Add 12.5% custom duty, then add 5% (min) making charge and 3% GST. It comes to 2,426.68 per gram.
- From Vumington:
@1sihle @ImcocoMash Some company share prices are linked to commodity market price for e.g KIO linked to iron ore market price & premiums, Platinum miners share prices get triggered by small swings in palladium & platinum price… its not just as simple as buy, sell.. you need to know the market.
- From friendly_rohit:
@INDBullionaire hi currently 1gm platinum price has come down to 2000-2200 is it right price to buy now or shld i wait as it will it go down further?also the rate for 1gm on coinbazaar still shows 2990 so why is this difference in price