The spot price of Platinum is the market price at which one ounce of Platinum can be bought and sold for instant delivery. The Platinum spot price is constantly changing, making it crucial to remain updated on performance indicators such as market conditions and current events because they greatly affect the buying and selling of Platinum.
 
The Platinum price is always quoted in troy ounces but can be converted into any quantity a person wants to buy or sell. Platinum spot prices are universal, as most Platinum markets use live Platinum prices listed in U.S. dollars, so the price of Platinum per ounce is the same worldwide.