Platinum Price
Current Platinum Spot Price (USD per ounce)
Platinum Price Performance
How the platinum price has moved across key timeframes. Change is calculated from the opening price of each period to the current live price.
| Timeframe | High | Low | Change |
|---|---|---|---|
| 1 Day | 2,170 usd | 2,019 usd | -5.99% |
| 1 Week | 2,248 usd | 2,019 usd | -4.84% |
| 1 Month | 2,432 usd | 2,006 usd | -1.70% |
| 3 Months | 2,921 usd | 1,729 usd | +16.49% |
| 1 Year | 2,921 usd | 892.30 usd | +103.90% |
| 5 Years | 2,921 usd | 820.55 usd | +69.94% |
| 10 Years | 2,921 usd | 562.25 usd | +109.97% |
Platinum Price per Ounce
The platinum price is quoted in USD per troy ounce on international markets. Platinum is traded on the NYMEX and referenced by the LBMA Platinum Price, which is set twice daily. The per-ounce price is the standard for investment-grade platinum bars and coins.
View platinum price per ouncePlatinum Price per Gram
The platinum price per gram is used for smaller investment products and in industrial applications. Platinum’s density and rarity make even small quantities valuable. Divide the per-ounce price by 31.1035 to calculate the per-gram price.
View platinum price per gramPlatinum Price per Kilo
The platinum price per kilogram is relevant for industrial purchasers, particularly in the automotive and chemical sectors. Kilo-level pricing is used when sourcing platinum for catalytic converters, laboratory equipment, and large-scale manufacturing.
View platinum price per kiloData Sources & Methodology
Our platinum price data is sourced from the global spot market reference rate XPT/USD, the widely-quoted international benchmark for platinum priced in US dollars per troy ounce.
Prices are streamed once per minute during market hours and stored as 1-minute OHLC (open, high, low, close) bars. Longer timeframes are aggregated from this granular data, for example the “1D” view shows the last 24 hours, “1W” uses 30-minute bars, and yearly views use daily closing prices.
The precious metals spot market trades nearly 24 hours a day, 5 days a week (Sunday 5 PM ET to Friday 5 PM ET). During weekends and holidays the chart displays the most recent available prices. All times on this page are shown in your local timezone (UTC).
Platinum Price FAQ
- How much is 1 ounce of platinum worth today?
The platinum price fluctuates continuously during market hours. See the live platinum price above for the current value per ounce.
- What determines the platinum price?
Platinum prices are driven primarily by automotive demand (catalytic converters for diesel vehicles), jewelry fabrication, and industrial applications in chemicals, glass, and electronics. Supply is highly concentrated in South Africa (about 70% of global output) and Russia, making platinum sensitive to mining disruptions and geopolitical risk.
- Why is platinum cheaper than gold?
Platinum traded above gold for decades until 2015. The shift was driven by declining diesel vehicle sales in Europe (reducing catalytic converter demand), increased recycling supply, and surging investment demand for gold. Whether platinum returns to a premium depends on hydrogen fuel cell adoption and supply constraints.
- What is the platinum spot price (XPT/USD)?
XPT/USD is the international spot benchmark for platinum priced in US dollars per troy ounce. The LBMA Platinum Price, set twice daily, serves as the primary reference price for contracts and physical settlements.
- What role does platinum play in hydrogen fuel cells?
Platinum is a key catalyst in proton exchange membrane (PEM) fuel cells used in hydrogen vehicles and stationary power. As the hydrogen economy grows, fuel cell demand could become a significant new source of platinum consumption, potentially offsetting declining diesel catalytic converter demand.
- How can I invest in platinum?
Options include physical platinum bars and coins, platinum ETFs such as Aberdeen Standard Physical Platinum Shares (PPLT), platinum mining stocks (Anglo American Platinum, Impala Platinum), and NYMEX futures contracts. Platinum's smaller market makes it more volatile than gold.
- What is the platinum-to-gold ratio?
The platinum-to-gold ratio measures how platinum is priced relative to gold. Historically platinum traded at a premium to gold, but since 2015 it has traded at a steep discount. A low ratio may signal a value opportunity if platinum demand recovers through hydrogen technology or tighter supply.
- How is the platinum price per gram calculated?
Platinum is quoted per troy ounce internationally. One troy ounce equals 31.1035 grams. Divide the ounce price by 31.1035 for the gram price.
- How often is the platinum price updated on this page?
Our platinum price data is streamed once per minute from the XPT/USD spot rate during market hours. The chart updates automatically via a real-time connection.
The prices displayed are for informational purposes only. Use of this page is at your own risk. We accept no liability for errors.
