🇮🇸Platinum Rate in Reykjavík Today
The platinum rate in Reykjavík today is ISK 7,220 per gram for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down ISK 65.82 from the previous close. This is the international spot price converted into ISK for Reykjavík. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Iceland's larger markets, with a population of around 118,918.
Platinum rate in Reykjavík — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ISK 7,220 | ISK 6,619 | ISK 6,318 | ISK 5,415 | ISK 4,212 |
| 1 Troy Ounce (31.1035 g) | ISK 224,575 | ISK 205,861 | ISK 196,503 | ISK 168,431 | ISK 131,002 |
| 1 Kilogram (1,000 g) | ISK 7,220,263 | ISK 6,618,574 | ISK 6,317,730 | ISK 5,415,197 | ISK 4,211,820 |
All figures in ISK (Krona). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Platinum rate in Reykjavík — questions
What is the platinum rate in Reykjavík today?
The platinum rate in Reykjavík today is ISK 7,220 per gram for 24K, and ISK 7,220 per gram for 24K. These are live figures converted from international spot at the current ISK exchange rate.
What is the price of 1 gram of gold in Reykjavík?
One gram of 24K platinum costs ISK 7,220 in Reykjavík, and 22K costs ISK 6,619 per gram. 18K works out at ISK 5,415.
Why is 22K cheaper than 24K in Reykjavík?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is ISK 601.69 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Reykjavík different from other cities?
The underlying metal price is identical everywhere in Iceland — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.