The PT price per gram in GBP is the live metal quote expressed per gram, in pounds. It updates as the global platinum price and the GBP/USD exchange rate move. Below, you’ll see the simple way to read those moves, how they feed into your checkout price, and the practical choices that matter at Baird Mint.
What does “PT price per gram” mean in the UK?
It’s the platinum USD per troy ounce quote converted into GBP per gram using the troy‑ounce factor 31.1034768 and live FX.
Quick formula (for reference):
GBP/gram = (USD/oz ÷ 31.1034768) ÷ (USD per GBP)
Illustrative example only: If platinum trades at $1,500/oz and GBPUSD = 1.30, then 1,500 ÷ 31.1035 ≈ $48.23/gram; $48.23 ÷ 1.30 ≈ £37.10/gram. Your retail checkout will be close to a live spot‑linked number, plus a premium and any applicable UK taxes.
If you prefer to act without doing any maths, watch a live platinum price per gram (GBP) chart and then compare options in Platinum Bars or Platinum Coins.
Why does PT price per gram move during the day?
Answer in one line: Real‑time USD/oz ticks (OTC spot and futures) plus GBP/USD swings cause the live PT price per gram in GBP to change.
Think of two dials:
Metal dial: spot and the PL futures contract influence the USD/oz side.
FX dial: if GBP strengthens while USD/oz is flat, GBP/gram usually eases; if GBP weakens, GBP/gram rises.
On volatile days, keep both dials in view. If you see a jump in PT/gram and no headlines, it may simply be an FX move.
What’s driving platinum in 2025? (supply, demand, and risk)
Analysts expect deficits again in 2025, with tight mine supply and subdued recycling. South Africa remains the key supply risk. On the demand side, autocatalysts and industrial uses dominate, while hydrogen technologies (fuel cells, electrolysers) add a developing growth leg. The market is smaller than gold, so fresh headlines can move prices more quickly.
From benchmark to checkout: why your price isn’t “just spot”
Retail price reflects a live, benchmark‑linked quote plus fabrication, distribution and dealer costs, then UK VAT if you take delivery.
Premiums: bars usually carry lower fabrication than coins; coins can offer a CGT advantage if they are Royal Mint legal‑tender issues.
VAT: platinum bullion delivered to a UK address is VAT‑rated at 20%.
Vault route: buy and sell back in Baird Vault Storage to avoid VAT at purchase and sell‑back; VAT would apply if you later request UK delivery.
CGT note: Royal Mint legal‑tender platinum coins are CGT‑exempt for UK residents; bars are not.
What widens or tightens the premium over PT price per gram?
The quote you see at checkout tracks live PT/gram, then adds a premium. These are the levers that move that premium:
Format and size. Larger bars (100 g, 1 kg) often carry a lower per-gram fabrication cost than 1 oz coins. Proofs carry collectible premiums; standard bullion is priced primarily for metal exposure.
Brand and packaging. Recognised refiners and sealed assay packaging add confidence and can improve resale.
Market conditions. In fast markets, spreads can widen as dealers hedge and replenish stock. When trading is orderly, spreads often compress.
Inventory and batch availability. Fresh supply can lower premiums; thin inventory can lift them until restock.
Order handling. Consolidated orders reduce handling per unit. For larger tickets, bank transfer keeps execution clean and avoids card limits.
Exit path. If CGT matters, legal-tender coins may justify a higher premium; if lowest cost per gram matters, bars usually win.
Use this list when you compare similar items. If two products track the same PT price per gram but one carries a higher premium, check size, brand, packaging, and your exit plan before you choose.
PT price per kilogram (GBP): when does “per kg” make sense?
Institutional desks and some private buyers like to think in GBP per kg for 1 kg bars. The conversion is simple: GBP/kg = GBP/gram × 1,000. Kilo bars usually provide the lowest per-gram premium, but they change your liquidity profile. If you want the option to sell in stages, balance one larger bar with smaller units you can place independently.
Common conversion mistakes to avoid
Mixing ounce types. Always use the troy ounce factor 31.1034768. An avoirdupois ounce will throw the math off.
Forgetting FX. PT/gram in GBP depends on both USD/oz and GBP/USD. A currency move alone can shift your GBP quote.
Comparing different fineness or finishes. Investment-grade platinum bars are typically 999.5 fine: proofs and collectible finishes price differently than standard bullion.
Comparing per-gram to per-ounce without converting. Convert once so you compare like with like across bars and coins.
Using PT/gram in Real Decisions
Watch PT/gram and GBP/USD together when you shortlist.
Choose format by objective: pick bars for lower fabrication per gram, or coins if CGT matters to your exit plan.
Decide delivery vs vault early: it changes VAT treatment and logistics.
Settle efficiently: for larger tickets, use bank transfer; we confirm receipt of funds and execute to delivery or vault.
Stage entries: set price alerts on your preferred market app and scale in against PT/gram bands instead of trying to pick the exact low.
See Today’s PT/gram, Then Place a Live‑Priced Order
View a live PT/gram reference, then deal at live pricing on our Platinum Bars or Platinum Coins pages. Prefer custody without VAT at purchase? Begin with Vault Storage for holding in custody without VAT at purchase or sell‑back; if you later request UK delivery, VAT is due at that point.
Act on Today’s PT Price per Gram with Baird Mint
Open an account to place live‑priced platinum orders at the current PT price per gram in GBP, choose the format that fits your plan, and hold metal in insured Vault Storage (no VAT at purchase or on sell‑back while vaulted; VAT applies if later delivered to a UK address).
Information provided is general and not tax or financial advice.
