Platinum Price ( Spread Price Premium ) Calculator
Platinum Price ( Spread / Price Premium ) Calculator
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Platinum Price ( Spread / Price Premium ) Calculator Singapore
This Calculator will help you to Calculate Platinum Price Premium Paid and Platinum Spread Price
What is Platinum Price Premium ?
When an Investor purchase a Platinum Bullion Bar or coin . Normally he or she will hardly able to purchase it at the Spot Price , a Premium price above the Spot Price will be paid during the Transaction.
The Goal for every Platinum Investor is to purchase a Platinum Coin or Bar , with a Premium as low as Possible near the Spot Price.
For Example
Buying Price From Bullion seller: USD 1829.97
Selling Back Price to Bullion Seller : USD 1707.16
Market Price For One ounce of Platinum: USD 1737.18
Premium = [ ( Buying Price- Platinum Market Price ) / Platinum Market Price] x 100 %
Premium = [ ( 1829.97- 1737.18) / 1737.18] x 100 %
Premium = 5.34%
What is Platinum Spread ?
For example :
Buying Price From Bullion seller: USD 1076.74
Selling Back Price to Bullion Seller : USD903.48
Spread =[ ( Buying Price- Selling Price ) / Selling Price] x 100 %
Data you need to Plug In :
- Bought Price
- Weight of the Platinum either in Ounce or Gram
- Current Platinum Price Per Ounce . you can refer here
- What is the Platinum Purity
- Platinum Sell Back Price
Check out Gold Spread and Price Calculator Here
