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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
But this formula will give you an idea of the base price of your platinum jewelry. For example, a ring weighing 20.0 grams of platinum may cost $1,425.00. If you divide 1,425 / 20 â you will get $71.25 per gram. That is the amount you are paying per 1 gram of platinum in your ring (inclusive of labor, retail markup, etc.).