Platinum Prices in Qatar

Platinum price in Qatar today

A gram of fine (999) platinum in Qatar is 180.69 QAR right now, an ounce 5,620.16 QAR and a kilo 180,692.34 QAR. Platinum .950 costs 171.66 QAR per gram because it contains only 95.0% pure metal.

The Qatari riyal is pegged to the US dollar at 3.64 riyals per dollar, so QAR platinum prices follow the global price directly.

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 QAR exchange rate and the purity. Prices are indicative and exclude making charges or dealer margins.

Platinum purity grades in Qatar

• Fine platinum .999: 180.69 QAR per gram — for bullion bars and coins.
• Platinum .950: 171.66 QAR per gram — the usual standard for platinum jewellery, stamped PT950 or PLAT.
• Platinum .900: 162.62 QAR 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 Qatar

• 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).