Platinum Prices in Bahrain

Platinum price in Bahrain today

A gram of fine (999) platinum in Bahrain is 18.665 BHD right now, an ounce 580.544 BHD and a kilo 18,664.923 BHD. Platinum .950 costs 17.732 BHD per gram because it contains only 95.0% pure metal.

The Bahraini dinar is pegged to the US dollar at 0.376 dinars per dollar, and prices are shown to three decimals.

How we calculate these prices

We take the global price per ounce in dollars (1,544.00), divide by 31.1035 for the gram price, then multiply by the BHD exchange rate and the purity. Prices are indicative and exclude making charges or dealer margins.

Platinum purity grades in Bahrain

• Fine platinum .999: 18.665 BHD per gram — for bullion bars and coins.
• Platinum .950: 17.732 BHD per gram — the usual standard for platinum jewellery, stamped PT950 or PLAT.
• Platinum .900: 16.798 BHD per gram — also used in some jewellery.

What platinum is used for and what moves its price

Platinum is used in vehicle catalytic converters — especially diesel engines — jewellery, chemicals, glass-making and hydrogen fuel cells. Mining is concentrated in South Africa, which supplies roughly 70% of mined platinum, so mining and power news there moves the price.

Tips for buying platinum in Bahrain

• Platinum is denser than gold and does not corrode, but it develops a matte patina with wear that can be polished.
• Platinum bars and coins are less common than gold, so ask for the buy-back price before buying.
• Check the purity stamp on jewellery (PT950 or PT900).