Platinum price over 10 years 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 | 2,059 usd | 1,876 usd | -3.96% |
| 1 Week | 2,177 usd | 1,876 usd | -8.82% |
| 1 Month | 2,432 usd | 2,007 usd | -5.99% |
| 3 Months | 2,921 usd | 1,874 usd | -1.54% |
| 1 Year | 2,921 usd | 892.30 usd | +95.31% |
| 5 Years | 2,921 usd | 820.55 usd | +64.92% |
| 10 Years | 2,921 usd | 562.25 usd | +101.73% |
10 years platinum price trends
Over the past decade, platinum prices have reflected long-term industrial demand, particularly in the automotive sector, and evolving emission standards. Mining disruptions and geopolitical risks in major producing regions have also played a significant role. Platinum continues to be seen as both an industrial and an investment metal.
Platinum Price, 10 years (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 10 years. 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.
