Platinum Tools on ToolZana give you a simple, free way to work out what platinum is worth at the live market rate. The platinum calculator on this page uses the live platinum price, shows the last-updated time, and gives a clear result on the same page, so you can check a value before you buy, sell, or compare a quote.
What Platinum Tools Do
Platinum is priced by weight and purity, like gold and silver, but it is traded in a smaller, more specialised market, and quotes can vary more between dealers. The Platinum Price Calculator multiplies the weight you enter by the live platinum price per gram and by the purity fraction for the platinum you choose. The result is the metal value at the market rate, before any dealer charges.
Use platinum tools when you are checking a piece of platinum jewellery, a platinum coin, or scrap platinum. Enter the weight in grams, choose the purity, and read the result. If you do not know the purity, check the hallmark or the description in the quote before you calculate. Common platinum purities include 950 platinum, which is 95 percent pure platinum, and the calculator result changes with the purity you choose.
All Platinum Tools
How to Use Platinum Tools
Open the Platinum Price Calculator, enter the weight, and choose the purity. Press Calculate and read the metal value. Compare that value with the quote you have been given. If the quote is higher, the difference is the dealer margin, making charges, stones, workmanship, or other charges, which should be shown separately and not hidden inside the metal value.
- Open the Platinum Price Calculator from the card above.
- Enter the weight in grams and choose the platinum purity.
- Press Calculate and read the result at the live platinum price.
- Compare the result with the live platinum price and with any shop quote before you decide.
Platinum, Gold, and Silver
Platinum, gold, and silver prices move independently. A rise in the gold price does not mean platinum has risen by the same amount, and platinum has its own supply and demand, including industrial use, which affects its price differently from gold and silver. That is why ToolZana keeps platinum tools separate, and why the Platinum Price Calculator uses the live platinum price rather than a price derived from gold or silver. If you want to compare metals, use the Gold vs Silver Calculator for gold and silver, and value platinum separately with the tool on this page.
Frequently Asked Questions
Are Platinum Tools free?
Yes. The Platinum Price Calculator is free to use, with no sign-up required.
Do Platinum Tools use live platinum prices?
Yes. The calculator uses the live platinum price shown on ToolZana, with the last-updated time shown on the tool page.
What purity should I choose for platinum?
Choose the purity marked on the item or stated in the quote, for example 950 platinum. Purity changes the result because it changes the pure-platinum content.
Does the platinum value include making charges?
No. The result is the metal value only. Making charges, stones, store margins, and applicable VAT are excluded unless a quote shows them separately.
Can I value scrap platinum?
Yes. Enter the weight and purity of the scrap platinum in the Platinum Price Calculator to get its metal value at the live rate.