Platinum price over 1 week in 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 | 1,899 usd | 1,807 usd | +0.43% |
| 1 Week | 2,021 usd | 1,733 usd | -5.30% |
| 1 Month | 2,432 usd | 1,733 usd | -19.99% |
| 3 Months | 2,921 usd | 1,733 usd | -21.63% |
| 1 Year | 2,921 usd | 892.30 usd | +91.08% |
| 5 Years | 2,921 usd | 820.55 usd | +56.39% |
| 10 Years | 2,921 usd | 562.25 usd | +97.59% |
1 week platinum price trends
Over the past week, platinum prices reflect short-term shifts in supply and demand, particularly within the automotive and jewelry industries. Investors may also react to changes in geopolitical events affecting major platinum-producing countries, such as South Africa.
Platinum Price, 1 week (per ounce)
Platinum price per ounce
Platinum is often measured in troy ounces, especially for investment purposes, in the same way as gold and silver. The automotive industry, where platinum is used in catalytic converters, also frequently prices platinum in ounces, particularly in the United States and Europe.
Data Sources & Methodology
The chart above shows the live platinum price per ounce over 1 week. Use the buttons below the chart to switch between timeframes and weight units.
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.
The prices displayed are for informational purposes only. Use of this page is at your own risk. We accept no liability for errors.
