Enter a weight and fineness to estimate platinum melt value at the current live spot price.
Estimate only, not a binding offer.
Prices refresh automatically — the “live” badge means it’s pulled from a real-time feed.
This calculator multiplies your item's weight by its fineness (like Pt950) and by today's live platinum price per gram — the same method used to price platinum rings, wedding bands, and bullion.
A Pt950 stamp means the item is 95% pure platinum, alloyed with 5% other metals (commonly ruthenium or cobalt) for durability. It's the most common standard for platinum jewelry.
It depends on current market prices — platinum and gold prices move independently and their relative value shifts over time. Check today's live prices on the Gold Price and Platinum Price pages to compare.
Platinum melt value = weight in grams × fineness (as a decimal) × platinum price per gram — the same formula used for gold and silver, just with platinum's purity and spot price.