Platinum Prices in Kuwait

Platinum price in Kuwait today

A gram of fine (999) platinum in Kuwait is 15.419 KWD right now, an ounce 479.597 KWD and a kilo 15,419.411 KWD. Platinum .950 costs 14.648 KWD per gram because it contains only 95.0% pure metal.

The Kuwaiti dinar is linked to a basket of currencies rather than the dollar alone, so the KWD platinum price can shift slightly even when the dollar price is flat. 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 KWD exchange rate and the purity. Prices are indicative and exclude making charges or dealer margins.

Platinum purity grades in Kuwait

• Fine platinum .999: 15.419 KWD per gram — for bullion bars and coins.
• Platinum .950: 14.648 KWD per gram — the usual standard for platinum jewellery, stamped PT950 or PLAT.
• Platinum .900: 13.877 KWD 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 Kuwait

• 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).