The cost of platinum is affected by the location of mining operations, refining facilities, and transportation costs. As a result, the price of platinum may be lower in countries where it is mined and refined. South Africa, Russia, and Zimbabwe are among the largest producers of platinum in the world and may have lower prices due to their proximity to mining operations.
However, the final price of investment products like bars or coins will also depend on local taxes, tariffs, and other fees, which can vary significantly from country to country.
The price of platinum is constantly changing, and the cheapest country for platinum may also change over time. If you’re interested in purchasing platinum or platinum jewelry, I suggest doing research on the current market value and consulting with a reputable jeweler or investment professional to help you make an informed decision.