1 kg (32.1507 oz)353 oz sold |
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Out-of-stock |
Out-of-Stock |
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Platinum’s name is derived from the Spanish term "Platina del Pinto", which is literally translated into "little silver of the Pinto river". Platinum is one of the rarest elements found in the Earth's crust with annual production of around 30 metric tons (vs. ~2,500 tons for gold and ~ 23,000 tons for silver). Mining is very geographically concentrated as South Africa accounts for over 80% of the world production.
The 1 kg Heraeus minted platinum bars are 1,000 grams of .9995 pure platinum and guaranteed by the Heraeus.
Each bar is stamped with its exact weight and purity, and bears the Heraeus logo, an internationally recognized symbol of quality and sound provenance. The 1 kg platinum bar is one of the biggest sized platinum bar products in the market, thus premiums are one of the lowest. Each bar is encased and sealed in soft plastic sleeves.
Points computation: 1 bar = 321.50 points
Tier | 1 | 3 | 5 |
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Points required | - | 3,000 | 10,000 |
Price | 43,781.68 SGD | 43,650.94 SGD | 43,520.20 SGD |
Price/Gram | 43.78 SGD | 43.65 SGD | 43.52 SGD |
Price/oz | 1,361.76 SGD | 1,357.70 SGD | 1,353.63 SGD |
Percentage Over Spot (ASK PRICE) | 7.15% | 6.83% | 6.51% |
Buy/Sell Spread | 12.24% | 11.98% | 11.72% |
Duration | Storage Fee Per Parcel |
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6 months | 91.94 SGD |
12 months | 183.88 SGD |
24 months | 367.76 SGD |
36 months | 551.63 SGD |
60 months | 919.39 SGD |
Item | Cost Per Bar |
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Transfer-in and testing | 193.00 SGD |
* Percentages represent annual storage charges, based on the locked-in spot metal price at the time of order submission. You can lock-in storage charges for up to 5 years. See full S.T.A.R. Storage Fees here.