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As of 2020 [update], the most expensive non- synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume. Carbon in the form of diamond can be more expensive than rhodium. Per-kilogram prices of some synthetic radioisotopes range to trillions of dollars.
As of 21 November 2022, the platinum spot price in New York was $980 per ounce, compared to $1,742 per ounce for gold and $20.84 per ounce for silver. Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code is "XPTUSD". As the cost of platinum per ounce fell, the cost per ounce for other metals ...
Platinum is a chemical element; it has symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish platina, a diminutive of plata "silver". Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements.
For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...
One Good Delivery gold bar weighing 12.4 kilograms (400 ozt) A gold bar, also known as gold bullion or a gold ingot, refers to a quantity of refined metallic gold that can be shaped in various forms, produced under standardized conditions of manufacture, labeling, and record-keeping. Larger varieties of gold bars, produced by casting molten ...
Platinum–iridium alloy. The international prototype of the kilogram (IPK) is an artifact standard of platinum–iridium alloy that was defined as having a mass of exactly one kilogram. Platinum–iridium alloys are alloys of the platinum group precious metals platinum and iridium . Typical alloy proportions are 90:10 or 70:30 (Pt:Ir).
The platinum-group metals ( PGMs ), also known as the platinoids, platinides, platidises, platinum group, platinum metals, platinum family or platinum-group elements ( PGEs ), are six noble, precious metallic elements clustered together in the periodic table. These elements are all transition metals in the d-block (groups 8, 9, and 10, periods ...
The following months brought a decline in platinum's price below $1,000 per troy oz, precipitating further suspensions and a final price of $1,249.95. When sales were officially ended on December 31, 2008, over a year after its initial release, the Mint reported total sales of 19,583 units.