Platinum rate in Sberbank of Russia for today: online price chart for 1 gram + dynamics of quotes for all time

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Evgeny Smirnov

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An unallocated metal account (UMA) is one of the types of investing in precious metals by opening a special bank deposit. Gold, palladium, silver and platinum are used for deposits. Banks offer to open a special account for free, but you will have to pay to close it. The spread between the purchase and sale prices is set by financiers individually. It is a few percent. The spread includes the bank's profit on maintaining compulsory medical insurance.

Cash deposits of this type have several advantages:

• financial processes occur instantly;
• on the fact of working with compulsory medical insurance there is no VAT;
• accounts can be opened for third parties, including minors;
• investors can receive money in gold, but after paying VAT;
• The cost of service does not include storage and transportation of metals.

Compulsory medical insurance is considered a hybrid between a classic bank account and a financial instrument for investment. The client analyzes the compulsory medical insurance quotes for precious metals, buys the selected amount of virtual metal and waits for its price to increase. Replenishing your account is available at any time, as is withdrawing money, without consequences or restrictions.

Gold is popular, followed by silver. Platinum and palladium are rarely used as investment vehicles. The level of profitability is determined by the prices of precious metals in the bank.

Online course schedule

The essence of making money on investments in platinum is speculative operations in which income is the difference between the buying and selling rates of an asset. When choosing this method, it is necessary to constantly monitor price fluctuations in the precious metals market. A tool such as an online rate chart allows you to monitor price changes in real time. It also makes it possible to predict the general trend for today and make a decision to buy or sell an asset.

Price of 1 gram of platinum in Sberbank of Russia

Today, Sberbank of Russia is actively promoting investments in precious metals, being one of the key participants in the process. It provides its clients with affordable ways to invest in platinum, palladium, gold and silver. At the same time, he sets current rates that are as close as possible to the quotes on the world market, displayed in this chart.

Platinum price per gram in unallocated metal account and physical metal in bullion

The closest value to world prices today are quotations from the Central Bank, which publishes precious metals rates in terms of dollars to rubles. The price of Sberbank of Russia differs from the market price because it includes the bank’s commission premium.

Today, a non-cash purchase will cost the owner of compulsory medical insurance approximately 3.5% more than the Central Bank discount price per gram.

A physical bullion will cost 27-37% more per gram. The greater its mass, the more favorable the price. The exchange rate difference is due to the addition of the value added tax, which is currently levied on transactions with precious metals, to the cost of refined (chemically pure) metal. The price also includes bank commission. Sberbank of Russia encourages large purchases by reducing the price of platinum per gram.

Platinum price per gram in bullion coins

Platinum products do not appear on the list of investment coins today. And the cost of a gram of metal of the highest standard in commemorative and anniversary copies offered by Sberbank of Russia starts from 2,570 rubles. Transactions with coins made of precious metals are not subject to tax, but their cost includes the work of the artist and production costs.

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Another important point is that the revaluation of commemorative and commemorative coins, as a rule, does not correlate with an increase in the market rate of precious metals. Therefore, with a sharp increase in quotes, buying a coin can be quite a profitable acquisition.

Price of the Central Bank of the Russian Federation

The Central Bank sets current rates for platinum, converted from dollar prices to rubles. Thus, the profitability of such operations is influenced not only by stock exchange quotes, but also by the exchange rate of the national currency today. I always use this chart when analyzing the market.

Platinum | RUB | 1 Gram

Analysis of supply and demand on the global gold market

Gold has always been the main precious metal.
Money was made from it even before our era, and right up to the First World War it was the support of the world financial system - the value of paper banknotes was supported by gold reserves in vaults. Gradually, they decided to abandon the gold standard - there was too little metal to balance the rapid growth of the world economy. In the 21st century, countries print as much currency as they see fit and manipulate the rate in their own interests, but gold remains a valuable asset of any country as part of the gold and foreign exchange reserves of central banks. Today gold has a wider scope of application:

In general, the demand for gold has been falling recently, this is especially noticeable in 2021. However, the demand for investment gold is higher than ever - as I already wrote, during the crisis, investors buy the metal in large volumes, with the main increase coming through online in the form of ETFs. Demand for physical metal (bars and coins) remains relatively stable, having fallen slightly in recent years.

Until 2021, approximately half of gold demand came from the jewelry industry. It’s unlikely that you need to talk in detail about the variety of gold jewelry - rings, earrings, bracelets, pendants, necklaces and much more are made from it. Gold is most loved in China, India and the Middle East.

Demand from central banks is an interesting point that differentiates the gold market from other precious metal markets. Essentially, this is a guarantee that the price of gold will never fall too much, because it is part of the financial reserves of all countries in the world. Moreover, developing countries want to reduce their dependence on the dollar and are trying to increase their accumulation of the metal. The main buyers are India, China, Türkiye, Brazil, Russia.

Gold enters the world market from all regions of the world. 50 countries mine more than 10 tons of gold per year, the top five are China (400 tons), Australia and Russia (300 tons each), the USA and Canada (200 tons each). Production is distributed almost evenly across regions:

Production is growing annually by about 3%, with particularly high rates in Africa. The cost of production remains at $1,000/oz. Recycling was high in the early '10s, but has dropped a bit now. Overall, gold supply has been rising since 2013 and is projected to suffer only slightly in 2020 due to coronavirus restrictions. In conditions of fallen demand, this creates a surplus on the world market:

When gold prices fell sharply in 2013, investors turned away from it and the supply of the metal gradually began to outweigh demand. In 2021, more than 400 tons of metal remained unclaimed, but this figure pales in comparison with the projected results of 2020: almost 1,000 tons of mined gold should have remained unused. As for me, this doesn’t really fit in with the rate growth of $400 per year, so we conclude that now other pricing factors play a decisive role.

How the price is formed, why it changes and is different in different banks

The cost of precious metals in commercial banks includes several components: stock exchange quotes in dollars, the exchange rate of the ruble against the currency of trading operations for today and commissions of the financial institution itself.

To determine what markup Sberbank of Russia has set for platinum, it is enough to compare its rates with the Central Bank rate.

What affects the price of platinum

Fluctuations in the market value of any product are influenced by an independent economic law: the relationship between supply and demand. The mechanical engineering, chemical and jewelry industries absorb up to 70% of the mined platinum. Therefore, the price of this element rises when economic indicators are stable and investors do not need to save their resources with gold.

Today, the exchange rate is also significantly influenced by annual production volumes, which, by the way, have decreased somewhat in recent years.

Forecast

Most experts do not predict a sharp drop in prices for precious metals. It is expected that in the coming years the value of such assets will be stable, with minor fluctuations and positive dynamics.

The Central Bank of the Russian Federation's increase in gold reserves is a kind of insurance against exchange rate fluctuations. At the end of 2021, the gold reserve was increased to 2102 tons. This protects metal assets from depreciation as a result of instability in the foreign exchange market.

In 2021, two different vector factors are expected to influence gold. The strengthening of the American currency may provoke a subsidence. On the other hand, the cost of the precious metal and investors’ interest in it as an asset with a long-term prospect of stability will increase. This is caused by numerous political conflicts in the world and the continuing rise of populism in developed countries.

Metal assets have always been considered a safe haven for investments designed to preserve capital and generate income over the long term. Investing in precious metals to obtain monthly profits will not justify itself. In order to profitably buy or sell metal, you need to track exchange rates and the cost per gram of the Central Bank.

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Types of investments in platinum

Today, there are several simple and publicly available ways for individuals to make a contribution to this metal.

Compulsory medical insurance

An unallocated metal account makes it possible to make money on exchange rate fluctuations, since the bank’s commission for transactions with non-cash precious metals is minimal. Profits from operations are subject to income tax. The tax agent is the account owner. However, after 3 years of owning the platinum, profits from its sale are not subject to taxation.

Ingots

Sberbank of Russia currently sells refined platinum ingots weighing from 5 to 100 grams. However, this method has its drawbacks. The VAT levied on purchases and the costs of storing bullion make purchasing bullion less attractive in terms of earning money.

Investment coins

Hoarded platinum coins are not issued today. But Sberbank of Russia offers an assortment of commemorative banknotes made from this metal. The advantage of this type of deposit: no VAT is charged, small circulations of coins and how old they were made. The most recent release took place in 1995, which plays into the hands of the owner of the item.

Which investment method is more profitable?

The best prospects for today are provided by compulsory medical insurance. Rates of physical precious metals in bars and coins due to taxes, bank markups and related expenses will most likely bring losses. Even in the event of a record price increase, the same metal account will provide a profit unencumbered by additional expenses.

Dynamics

The features of the precious metals market and price changes on it are clearly shown by comparing the dynamics of two key parameters - the price of a troy ounce of gold (the traditional measure of weight for this metal, equal to 31.1035 grams) and the domestic MICEX stock exchange index. To obtain a more objective picture, it is advisable to consider a fairly long period - from 1998 to the current year. The first indicator is indicated in US dollars, the second - in traditional points.

Analysis of the diagram clearly demonstrates several important points:

• with a stable financial and economic situation in the country, the dynamics of the price of gold is practically not inferior to the growth of the stock exchange index;
• when any crisis occurs - 2 of them (in 1998 and 2008) are shown in the diagram, the third (in 2014) is not marked, but is also clearly visible - the rise in gold prices rapidly overtakes the index, which collapses no less quickly;
• The huge difference in dynamics during crises allows gold to easily compensate for a slight lag during times of economic growth.

Based on the analysis, several obvious conclusions can be drawn:

• gold (like other precious metals, the dynamics of which are generally similar) is a much more reliable asset than stock market shares;
• when forecasting crisis phenomena, it is advisable to transfer assets into precious metals;
• With a steadily growing Russian economy, it is reasonable to retain part of the assets in gold and other metals, which will provide a so-called safety cushion and safety of funds in any development of events. Moreover, not everyone is able to predict crises;
• Regardless of the situation on the financial markets and in the economy, investing in gold is the most guaranteed asset, reliably preserving the owner’s funds and often allowing him to earn money.

The general conclusion with which most experts agree is the following. Gold and other precious metals in the form of compulsory medical insurance from Sberbank do not always allow you to earn a lot, but they guarantee a fairly stable income. At the same time, they will definitely eliminate the loss of the owner’s savings.

Purchasing and storing bullion at Sberbank

Purchasing bullion is an operation similar to currency exchange. Platinum can be purchased at the cash desk of a branch of Sberbank of Russia. The bank provides safe deposit boxes for long-term rent for storing valuables. Sberbank of Russia does not currently offer metal deposit accounts to its clients.

Advantages and disadvantages

The advantage of owning platinum is that you have physical metal in your hands. Thus, you are insured against bank bankruptcy and non-payment of the deposit. But this is a way, first of all, to save money, and not to increase it.

Procedure for selling bullion

Today, to sell bullion, you should contact an authorized branch. In addition to the metal, you should have a certificate for it, a purchase receipt and an identity document of the owner. The operation itself is identical to currency exchange at the established rate.

Selling a bullion purchased from another bank

Banks have no problem accepting metals purchased from competitors if you have a certificate and receipt of purchase in your hands, and the bullion itself is in excellent condition. Today, Sberbank of Russia accepts silver, platinum and gold from the population.

Taxes and restrictions on acquisition

The volume of purchased platinum, or the purchase amount, is not limited either by law or by Sberbank of Russia. Value added tax is already included in the price of the bullion and is not reimbursed upon sale.

An example of trading precious metals on the stock exchange

Support-resistance levels often become points where quotes of precious metals on the stock exchange change their direction of movement; in the slang of stockbrokers, they “push off”. For example, the price of gold falls, but upon reaching a certain level, the decline stops, the trend reverses or becomes sideways.

After several attempts to break through the support level, quotes often change direction and make a leap upward. Similar phenomena are also typical for upward movements on the stock exchange; only then does the rate begin to decline after unsuccessful attempts to break through resistance lines.

On the gold chart, support at approximately $1,275 was tested three times before the price surged higher.

You can also use the breakout or counterbreakout method. It is based on breaking through support or resistance lines.

The breakout method consists of opening a position along the trend, when the resistance level is broken - buy, the support line - short (sell).

Counter-breakout, if you are sure that the price, having broken through the level, will go back. If quotes exceed the resistance level - sell, fall below the support level - buy.

How to open compulsory medical insurance in SB

Compulsory medical insurance is opened if you have a current account with Sberbank of Russia. If you are not yet a bank client, you need to visit one of its branches with an identity document and a certificate of assignment of an individual tax payer number. The manager will prepare the documents and open the account.

If you already have a service agreement with Sberbank of Russia, then you can apply for compulsory medical insurance online in your own account and immediately top it up by non-cash purchase of platinum, without leaving your home.