About the platinum price
Platinum is a rare precious metal, far scarcer than gold, with most supply mined in South Africa and Russia. The spot price quoted is for one troy ounce of pure platinum for immediate delivery.
What moves the platinum price
Platinum is heavily tied to the auto industry, where it is used in catalytic converters, so it reacts to vehicle production and emissions rules as much as to investment demand. Supply is concentrated, so mining disruptions can move the price sharply.
Using this platinum chart
Use the live platinum price to value platinum jewelry, bullion coins such as the American Platinum Eagle, and bars. The spot figure here powers the Coinmelter platinum calculators.
Frequently asked
What is the current platinum spot price?
The live platinum price is shown at the top of this page in US dollars per troy ounce and refreshes automatically every few seconds. You can switch the chart between 1 day, 1 week, 1 month, 1 year, 5 years and all-time.
What does the platinum spot price mean?
Spot is the price for immediate delivery of one troy ounce of pure platinum. It is the wholesale benchmark; physical coins and bars trade at a small premium over spot, while scrap typically sells slightly below spot.
How is the platinum price per gram or kilo calculated?
Divide the per-ounce spot price by 31.1035 to get the price per gram, then multiply by the weight you need. The "price by weight" panel on this page does this for grams, kilos, pennyweight, tola and tael automatically.
Where does this platinum price data come from?
Live spot comes from a public market feed and historical chart data from exchange futures. Prices are indicative and intended for valuation and education, not for executing trades.