🇸🇯Platinum Rate in Longyearbyen Today
The platinum rate in Longyearbyen today is kr17,255 per troy ounce for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down kr157.29 from the previous close. This is the international spot price converted into NOK for Longyearbyen. 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 Svalbard and Jan Mayen's larger markets, with a population of around 2,368.
Platinum rate in Longyearbyen — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | kr554.76 | kr508.53 | kr485.41 | kr416.07 | kr323.61 |
| 1 Troy Ounce (31.1035 g) | kr17,255 | kr15,817 | kr15,098 | kr12,941 | kr10,065 |
| 1 Kilogram (1,000 g) | kr554,757 | kr508,527 | kr485,412 | kr416,068 | kr323,608 |
All figures in NOK (Krone). 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 Longyearbyen — questions
What is the platinum rate in Longyearbyen today?
The platinum rate in Longyearbyen today is kr17,255 per troy ounce for 24K, and kr17,255 per troy ounce for 24K. These are live figures converted from international spot at the current NOK exchange rate.
What is the price of 1 gram of gold in Longyearbyen?
One gram of 24K platinum costs kr554.76 in Longyearbyen, and 22K costs kr508.53 per gram. 18K works out at kr416.07.
Why is 22K cheaper than 24K in Longyearbyen?
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 kr46.23 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Longyearbyen different from other cities?
The underlying metal price is identical everywhere in Svalbard and Jan Mayen — 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.