Where do you trade platinum futures?

Platinum Futures Exchanges You can trade Platinum futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). NYMEX Platinum futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 50 troy ounces .

Does platinum have a futures market?

It is no surprise, then, that platinum’s multiuse functionality has earned its increased importance in the futures markets over the past few years….Platinum Futures.

What are platinum futures?

Platinum futures are contracts that effectively lock in a price for an amount of platinum to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

How many ounces in a platinum futures contract?

The contract for delivery on futures contracts shall be 50 troy ounces of platinum, weighed to the nearest thousandth of a troy ounce, or the equivalent weight in grams, of homogeneous cast plate and/or ingot, with a weight tolerance of 10% either higher or lower.

How do you trade platinum on the stock market?

How to trade platinum CFDs. One of the easiest and most popular ways to trade platinum is with CFDs. A contract for difference (CFD) is a type of contract between a trader and a broker in order to try and profit from the price difference between opening and closing the trade.

Where is platinum traded?

Platinum is traded on the New York Mercantile Exchange (NYMEX) and the London Platinum and Palladium Market. To be saleable on most commodity markets, platinum ingots must be assayed and hallmarked in a manner similar to the way gold and silver are.

How do you trade platinum?

The trading of platinum is global, as it is traded from the New York Mercantile Exchange (NYMEX), through the Chicago Board of Trade (eCBOT) and all the way to Asia with the Tokyo Commodity Exchange (TOCOM). The platinum market is open for trading from 22:00 to 20:59 GMT.

Can we trade platinum?

There are four ways you can invest in the platinum market globally. In India, however, you have only two options—platinum bullion, coins or jewellery and futures trading on a commodity exchange. You can purchase bullion and coins from various centres such as banks and authorised dealers.

How much is a platinum contract?

Current Platinum Futures | Futures Prices

What is the symbol for platinum futures?

PL
It appears on the periodic table of elements by the symbol Pt and atomic number 78. 1 Platinum futures are commodities contracts traded on the CME’s COMEX futures exchange (under symbol PL) and the Tokyo Commodity Exchange.

Is platinum a good trade?

Investing in platinum allows investors to profit from a weak dollar as well as strength in consumer spending. Growth in large industrial economies such as the United States has often occurred at the expense of a strong currency.