Costco’s New Platinum Bars: A Guide to Pricing and Availability

Thursday, 3 October 2024, 16:02

Costco's new platinum bars are making waves in the precious metals market. These 1-ounce bars, sold exclusively online, retail for $1,089.99. While Costco limits purchases to one bar per member, demand is surging as platinum's investment potential rises amid volatile markets.
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Costco’s New Platinum Bars: A Guide to Pricing and Availability

Costco Expands Precious Metals Offerings

Costco is broadening its precious metals selections with the introduction of platinum bars. Following the success of gold bars, which quickly sold out last year, these 1-ounce platinum bars are now available online. Each bar is described as 999.5 pure platinum, crafted by a Swiss refiner recognized by the London Bullion Market Association (LBMA).

The Price and Availability

  • Cost of Platinum Bar: $1,089.99
  • Delivery Not Available in: Louisiana, Nevada, Puerto Rico, New York, Utah
  • Purchase Limit: One bar per member, max five bars per transaction

Investment Insights on Platinum

While platinum has industrial uses and is featured in luxury jewelry, it hasn't surged in popularity like gold. Compared to a 42% gain for gold in the past year, platinum has only appreciated by about 16%, according to FactSet's analysis. The current spot price for platinum is approximately $1,004 per ounce, making Costco's price about 8% higher than the market value.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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