​In the world of precious metal, platinum and palladium are regarded as the rarity and have industrial applications, but also for their volatile pricing trends. Investors and collectors closely monitor these metals for different fields such as economic conditions, industrial demand, and investment potential.

​Unlike other metals, platinum is regarded as the rarest element in the Earth’s crust. When it comes to investing in platinum, investors mostly inquire about how much is platinum per ounce?

According to the latest records, platinum value per ounce hovers around $900-$1000 based on market fluctuations and economic indicators. To check the real time price of platinum, investors can turn towards the platinum price chart, which displays the historical trends.

​Platinum has a great contribution in catalytic converters. Even, 70% of global platinum depends on South African mining output. Platinum is also dependent on investment demand and ETF inflows.

​In recent years, palladium has a great significance in value. Platinum has a heightened demand in the automotive sector, especially for gasoline engines. The palladium price today is currently hovering around $1200 $1300 per ounce. It indicates that platinum is more expensive than palladium.

​As the world is shifting towards greener technologies and governments are enforcing stricter regulations, the demand for both metals is booming. There are some auto manufacturers who use palladium because of its price value and shifting back towards platinum, especially in hybrid and hydrogen fuel and cell technologies.

If you are looking to invest in long term goals, platinum price charts play a great role. If you are looking to invest in platinum, you can contact AU Bullion.