The formula to calculate the Platinum Price (PP) is:
PP=PAWP
Where:
Platinum Price is the cost per kilogram of platinum. It is calculated by dividing the total purchase amount by the weight of the platinum. This metric is important for buyers and sellers to determine the value of platinum transactions.
Let's assume the following values:
Using the formula to calculate the platinum price:
PP=50002=2500
The Platinum Price (PP) is $2,500 per kg.