You can use our platinum price one year chart to identify trends so you know exactly when to make your move and buy investment grade bullion. If you would like to look at the platinum price one year in pounds, or in Euros, US dollars, or Australian dollars, please use our chart options to do so.
Platinum price one year
The platinum price one year in GBP (£) is depicted in the graph above. The platinum price can also be shown in Euros (€), US Dollars ($), or Australian Dollars (A$). You can also identify trends and work to predict future movements in the platinum price by adjusting the time frame and the weight in which you choose to view the chart.
In UK, as across the world, the platinum price one year is determined by global market demand and supply. Platinum is a very rare metal. Significantly less platinum is mined, than gold. This is because it is 30 times rarer. This means that it is very sensitive to any changes in the economy and politics of the countries in which it is mined.
The platinum price one year reflects the platinum market's fundamental effects, such as supply and demand dynamics. As a result, platinum, like other investment-grade precious metals, is one of the few proven financial insurances that can preserve your wealth in difficult times.
When it comes to purchasing or selling platinum, there is no such thing as the "correct" price. When selecting whether to purchase or sell platinum, it is best to focus on the fundamentals of the market, such as its rarity and limited production, as well as the predicted hazards in the global economy. We would advise keeping an eye on events in South Africa and Russia as this is where the majority of mine supply comes from, as well as market announcements from industries such as automotive and green technology as both are major users of platinum.
Do you want to buy gold or buy silver in UK? If you have any questions, send us a message via live chat, email, or phone and one of our experts will answer.
