Current Platinum Price and Platinum Rate with Charts & Calculators
Platinum is one of the rarest precious metals on Earth — roughly 30 times rarer than gold — and plays a key role in the automotive and hydrogen industries. The platinum price is strongly influenced by catalytic converter demand, supply from South Africa and developments in fuel cell technology. Here you can see the current price in euros and US dollars, updated live during trading hours. The chart, performance table and seasonality analysis provide insight into historical trends and seasonal patterns. With the historical price calculator, you can look up the platinum price for any date. In the guide below, learn why platinum currently trades at a discount to gold, which industries drive the price and how you can invest in platinum.
Here you see the current Platinum price per troy ounce (31.1 g) in your selected currency, including daily change in percent and absolute.
Below you find the current exchange rate and the price in the second currency. At the bottom are the prices per gram, troy ounce and kilogram.
Tip: When the market is open, the price updates automatically every minute.
Platinum price details →
Source: Spot
Use this chart to follow the Platinum price minute by minute or decade by decade. Whichever span you pick, holding the cursor over the line calls up the precise figure recorded on that date.
A row of buttons sits above the chart, from Today at one end to Max at the other. Select a stretch with the mouse to enlarge it. The three cards underneath keep score: highest, lowest and overall change.
Tip: The Today view is built from live ticks, one data point for each minute of the session.
(24/08/26)
(21/08/26)
(23/08/26)
(23/08/26)
(26/01/26)
Choose any day in the archive and the tool returns the full Platinum record for it — where trading opened and closed, how high and how low it went, and what that works out at per gram and per kilogram.
Tip: Choose a date. Where the requested day brought no trading at all, the nearest session on file is returned in its place.
| 21/08/2026 | EUR | USD |
|---|---|---|
| Open | 1,561.22 € | 1,823.17 $ |
| High | 1,627.37 € | 1,900.25 $ |
| Low | 1,560.26 € | 1,822.43 $ |
| Close | 1,601.67 € | 1,870.25 $ |
Source: Spot
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Getting something out of what you see and read?
We put our whole heart into keeping preciousmetalprices.com fast, tidy and free — no paywalls, no clutter, just facts and live prices you can trust. If it’s any help to you, the nicest way to say thanks is to pass it along. Every share helps another investor find us and keeps the whole project ticking over. 💛
Here you can see the current platinum price converted to different weight units: gram, troy ounce (31.1 g) and kilogram.
The second row shows the price in the other currency for comparison.
Tip: A troy ounce is the international trading unit for precious metals and equals 31.1035 grams.
1 Troy Ounce = 31.1035 Grams
This table shows the current price per gram for various Platinum alloys. The fineness indicates how much pure Platinum is contained in 1000 parts.
Example: : 750/1000 means 75% pure Platinum (for gold this equals 18 carat). The price per gram is calculated according to the fineness.
| Fineness | Carat | Price / Gram |
|---|---|---|
| 585/1000 | — | 30.08 € |
| 750/1000 | — | 38.56 € |
| 950/1000 | — | 48.84 € |
| 999/1000 | Fine Platinum | 51.36 € |
| 999.5/1000 | Fine Platinum | 51.41 € |
The performance table shows how the Platinum price has developed over various time periods: from today to 5 years.
You can see the absolute change in both currencies as well as the percentage change. Green values indicate gain, red values indicate loss.
Tip: Compare the EUR and USD performance to identify the impact of the exchange rate.
| Period | EUR | % EUR | USD | % USD |
|---|---|---|---|---|
| Today | -13.27 € | -0.82 % | +0.00 $ | +0.00 % |
| 7 Days | +81.37 € | +5.35 % | +109.61 $ | +6.23 % |
| 30 Days | +236.60 € | +17.33 % | +289.37 $ | +18.30 % |
| since Jan 1 | -229.23 € | -12.52 % | -250.10 $ | -11.80 % |
| 1 Year | +451.24 € | +39.22 % | +537.95 $ | +40.38 % |
| 5 Years | +724.45 € | +82.58 % | +854.35 $ | +84.10 % |
The bars condense two decades of Platinum trading into twelve figures, one average result for each calendar month.
A green bar means the month averaged out in profit over that span, a red bar means it averaged out lower.
Tip: These are historical averages. Nothing obliges the coming months to repeat them.
A year of Platinum trading on a grid, with one tinted square for every weekday session from Monday to Friday.
Days that ended in profit are tinted green; days that ended lower are tinted red.
Hovering over a square brings up the closing figure and the change it represents.
Here you can find a quick overview of the current prices of the other precious metals. The percentage shows the daily change.
Tip: Click on a metal to go directly to its detail page.
What Is the Platinum Price?
The platinum price is the market value of one troy ounce (31.1035 g) of pure platinum, quoted internationally in US dollars. Platinum is among the rarest metals in the earth's crust, perhaps thirty times scarcer than gold at an estimated 0.005 parts per million, and yet it currently trades well below the gold price. That inversion of the historical order is precisely what draws a certain kind of investor to it.
Europe came to platinum late. The Spanish naval officer and scientist Antonio de Ulloa described it in 1735, after an expedition to the Choco province of what is now Colombia, although the indigenous peoples of South America had been working the metal for jewellery and ceremonial pieces for centuries before that. The conquistadors dismissed it as platina, meaning little silver, and treated it as a nuisance by-product of gold panning that was reportedly thrown back into the rivers.
The reference price is the LBMA Platinum Price, set twice daily by the London Bullion Market Association: an AM fix at 9.45 and a PM fix at 2 p.m. London time. Since 2014 it has come out of an electronic auction administered by the London Metal Exchange, which replaced the telephone process of the old London Platinum and Palladium Fixing.
Spot Price and Trading Venues
Beyond the London fix, platinum changes hands on a number of large exchanges:
- ◆ NYMEX/COMEX (New York) — platinum futures under the ticker PL, fifty ounces to a contract
- ◆ TOCOM (Tokyo Commodity Exchange) — long one of the largest platinum markets in the world, Japan being the second-biggest market for platinum jewellery
- ◆ London Platinum and Palladium Market (LPPM) — the over-the-counter market for physical delivery, organised under the LBMA
- ◆ Shanghai Gold Exchange (SGE) — a steadily growing venue for platinum contracts in China
The spot price reflects the over-the-counter market and moves by the second during trading hours. Turnover is a good deal thinner than in gold or silver, which shows up as sharper volatility and wider spreads between bid and offer, and for a buyer in Ireland it comes with VAT at 23 per cent on top.
Platinum Price History at a Glance
Platinum's price history bears little resemblance to gold's. Where gold has climbed with relatively few interruptions over recent decades, platinum has lurched between peaks and troughs, tied as it is to car manufacturing and to whatever happens to be going on in South Africa.
For a long stretch, platinum was dearer than gold, year in year out. From the 1980s until 2011 the rule of thumb was simple: an ounce of platinum cost at least as much as an ounce of gold, and often one and a half to two times as much. That relationship has been turned on its head since 2015.
Gold-platinum ratio: The gold price divided by the platinum price is sitting at historic highs, north of 2.5:1. For most of the decades before 2015 it stayed under 1:1, meaning platinum was the dearer of the two. Plenty of analysts read the present gap as deep undervaluation rather than a permanent state of affairs.
Historical Milestones
The historical price calculator for platinum works off the LBMA Platinum Price, set twice a day: an AM fix at 9.45 and a PM fix at 2 p.m. London time. Since 2014 the fixing has been produced by an electronic auction administered by the London Metal Exchange. The PM figure serves as the official daily close and as the settlement basis for platinum contracts, exchange-traded commodities and industrial supply agreements. Because the platinum market is so much smaller than gold's, the fix can sit further away from the spot price on any given day than gold traders would ever tolerate.
The pivotal date to look up is the all-time high of 4 March 2008, at $2,308 an ounce, when booming car production, tightening emission rules and acute supply trouble in South Africa carried platinum to a level it has not seen since. The second date worth pulling up is September 2015: the Volkswagen diesel affair broke on the 18th of that month, and over the following weeks platinum began the long slide below the gold price, ending decades in which the reverse had been taken for granted. The calculator makes that change of regime visible day by day rather than as a vague recollection.
For a platinum holder the historical comparison is most useful for tracking the gold-platinum ratio over time. Look up both prices on a series of dates and the shift is plain: a platinum premium until 2014, a substantial platinum discount now. There is a tax use as well, since Irish Capital Gains Tax treats physical platinum exactly as it treats gold — 33 per cent of the gain, with nothing given for long ownership — so it is the price on the purchase date, not the number of years since, that determines what is eventually owed. Having the figures in more than one currency also lets you work out the real return in euro, which is where the exchange rate quietly does its work.
Platinum Price by Weight and Units
At a density of 21.45 g/cm³ platinum is among the heaviest elements going, denser even than gold at 19.32 g/cm³. A cube with 10 cm sides weighs 21.45 kilograms, which is why platinum bars and coins look small for their weight when set beside the gold equivalent.
The denominations generally offered to investors are these:
- ◆ Bars: 1 g, 5 g, 10 g and 20 g, then 1 oz (31.1 g), 50 g, 100 g, 250 g, 500 g and the kilo bar
- ◆ Coins (1 oz): American Platinum Eagle (USA, since 1997), Maple Leaf (Canada, 9995 fine), Britannia (United Kingdom), Vienna Philharmonic (Austria, since 2016), Platypus (Australia)
- ◆ Fractional Coins: 1/10 oz, 1/4 oz and 1/2 oz, mainly for the Platinum Eagle and the Maple Leaf
With a market this much smaller than gold's or silver's, the premiums over spot on physical platinum run higher: 3 to 8 per cent on a 1 oz bar is normal, and 15 to 25 per cent on the small 1 g and 5 g pieces. VAT at 23 per cent applies on top here, which is worth allowing for before comparing the cost with a gold purchase.
Troy Ounce Converter
1 troy ounce = 31.1035 grams
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Key Drivers of the Platinum Price
Unlike gold, which primarily serves as a store of value, platinum is a highly industrial precious metal. Over 60% of annual demand comes from industrial applications. This dual nature — simultaneously an industrial and precious metal — makes the platinum price particularly sensitive to economic cycles.
Automotive Industry and Catalytic Converters
By far the most important industrial use of platinum is the manufacture of automotive exhaust catalytic converters. Platinum is the preferred catalyst for diesel engines, as it is particularly efficient at oxidizing carbon monoxide and hydrocarbons at the lower exhaust temperatures of diesel vehicles. Approximately 30–40% of total platinum demand comes from this sector.
Europe's shift away from diesel engines following the VW diesel scandal in 2015 has permanently reduced demand from this segment. While diesel accounted for over 50% of new vehicle registrations in Europe in 2015, that share has fallen below 15%. At the same time, emission standards continue to tighten: Euro 7 (from 2025/2026) mandates stricter limits, which tends to increase the platinum content per catalytic converter.
Hydrogen Fuel Cells: The Future Opportunity
The potentially greatest growth opportunity for platinum lies in hydrogen technology. In PEM fuel cells (Proton Exchange Membrane), platinum serves as an indispensable catalyst on both electrodes. A fuel cell truck requires approximately 30–60 grams of platinum — significantly more than a diesel catalytic converter (3–7 g).
- ◆ The EU Hydrogen Strategy targets an installed electrolysis capacity of 40 GW by 2030
- ◆ PEM electrolyzers used to produce green hydrogen also rely on platinum as a catalyst
- ◆ The WPIC estimates that the hydrogen economy could generate additional demand of 500,000–1,000,000 oz per year by 2030
- ◆ China, Japan, and South Korea are also investing heavily in fuel cell vehicles and infrastructure
Future scenario: Should the hydrogen economy achieve even a fraction of its potential, the additional platinum demand would put significant pressure on the annual supply of approximately 5.5–6 million oz and structurally support the price.
Jewelry Demand
Approximately 25–30% of platinum demand comes from the jewelry industry. The key markets:
- ◆ Japan: Platinum holds special cultural significance there. The platinum ring is the traditional engagement and wedding ring — unlike in Western countries, where gold dominates.
- ◆ China: The world's largest jewelry market by weight. Platinum jewelry is perceived as modern and prestigious, particularly among younger buyers.
- ◆ India: A growing market where platinum is increasingly positioned as an alternative to gold for men's jewelry.
Supply: South Africa Dominates
The supply side of platinum is extremely concentrated. Over 70% of global production comes from the Bushveld Complex in South Africa — a unique geological formation created approximately 2 billion years ago by magmatic intrusion that hosts the world's largest deposits of platinum group metals.
- ◆ South Africa: approx. 70–75% of global production (Bushveld Complex in the Limpopo and North West provinces)
- ◆ Russia: approx. 10–12% (primarily Norilsk Nickel, platinum as a byproduct of nickel mining)
- ◆ Zimbabwe: approx. 8–10% (Great Dyke, growing through new mines)
- ◆ North America: approx. 5% (Stillwater Mine in Montana, USA)
This concentration makes the platinum price vulnerable to supply shocks. Recurring issues in South Africa include:
- ◆ Eskom load shedding: South Africa's state-owned power utility often cannot meet electricity demand — planned power outages force mines to curtail production
- ◆ Labor strikes: The five-month strike in 2014 at the three largest producers cost the industry over 24 billion rand
- ◆ Deep-level mining: South African platinum mines are among the deepest in the world (up to 2,000 m), which increases extraction costs and safety risks
- ◆ Infrastructure and regulation: Water scarcity, aging infrastructure, and uncertainty surrounding the Mining Charter
Investment Demand and the Platinum Deficit
The World Platinum Investment Council (WPIC), founded in 2014 by the leading South African producers, has been documenting structural supply deficits in the platinum market for years. For 2023, the WPIC reported a deficit exceeding 1 million ounces — the largest in recent history. Deficits are also projected for 2024 and 2025.
Despite this fundamental undersupply, investment demand for platinum remains comparatively weak. Global platinum ETF holdings are well below their peak levels. Many market participants see this as a divergence between fundamentals and price that could resolve itself over the medium term.
Platinum Performance and Seasonality
Performance Table
Go to tableThe performance table for platinum brings one thing into focus straight away: how far the metal has lagged gold since 2015. Gold has been setting records in recent years, while platinum has spent most of the period between 800 and 1,100 dollars an ounce, a long way below the 2,308 dollars it reached in 2008 before the diesel scandal rewrote its demand story. Put the five-year figures for the two metals beside each other and the size of the gap is impossible to miss.
The euro and dollar columns diverge for a particular reason in platinum: the metal answers to industrial cycles far more than gold does, so the dollar price partly tracks economic data out of China and Europe. In a strong global expansion the dollar price can rise while a firming euro takes the good out of the euro return, and the reverse happens just as readily. The euro figure strips that out and shows what an investor in Ireland actually earned.
For context, keep the gold-platinum ratio in view. If platinum beats gold over thirty days or year to date, the historical discount is narrowing, which many analysts read as the first sign of mean reversion. The short columns are frequently moved by South African news — load shedding at Eskom, a strike ballot, a hydrogen announcement — and those swings tend to look a good deal smaller once the longer windows are taken into account.
Seasonality (20 Years)
Go to chartPlatinum's seasonal profile is set by the production cycles of the motor industry and by the peculiarities of South African mining. The first quarter tends to be positive: carmakers ramp up after the winter break, new model lines start, and catalyst makers such as BASF and Johnson Matthey stock up on metal. South African output at that time of year is often still held back by the after-effects of the rainy season and by scheduled maintenance, so supply stays tight.
In the second quarter the picture reverses. Mines in the Bushveld Complex return to full output once the rains have passed, supply improves and the price can soften, particularly when car demand is flat at the same time. The third quarter is traditionally the weakest stretch, dominated by the South African wage round: talks between the mining union AMCU and the operators usually open in June or July, and the prospect of a long stoppage — the five-month strike of 2014 remains the reference point — tends to drive investors out of the metal rather than into it.
The strongest recovery generally comes in the final quarter. Jewellery demand in China and Japan picks up seasonally, with the Chinese wedding season opening in October and Japanese buying building ahead of Christmas and the new year. Car sales in most markets also improve towards the year end, as bonuses are paid out and model changeovers are discounted, which feeds straight through to catalyst demand and makes the fourth quarter the most promising phase of the platinum year.
Performance Calendar (Heatmap)
Go to calendarPlatinum's calendar sits between the calm of gold and the turbulence of palladium. A normal day moves it 0.8 to 1.5 per cent, with the odd outlier when hard news lands. The result is a mixed grid that repays close reading, particularly around anything coming out of South Africa.
The red runs in the platinum grid can usually be traced back to South African news. Reports of load shedding, the rolling power cuts imposed by the state utility Eskom, do not reliably push the price up: supply is curtailed, certainly, but worries about the wider South African economy bring selling at the same time. Mine strikes work in much the same contrary way, supportive while they are only a threat and corrosive once they drag on for months. Diesel rules, whether new EU emission limits or restrictions on older cars in city centres, leave their own mark on the daily colours.
Used properly the calendar becomes an early warning system. Red days piling up while gold holds steady point to something specific to platinum, most often diesel weakness or trouble at the mines. Green days while gold is soft suggest the opposite: substitution demand coming across from the palladium market, or good news on hydrogen fuel cells. Reading the grid alongside the South African headlines gives a much more differentiated view than watching the platinum price on its own.
Investing in Platinum
As an asset class, platinum offers a unique profile: it combines the properties of a precious metal with strong industrial demand and the potential of the hydrogen economy. At the same time, it has distinctive features that set it apart from gold and silver — above all the value-added tax (VAT) liability that applies to it here.
Physical Platinum: Bars and Coins
Physical platinum is available in the form of bars and coins. The most common investment products are 1 oz bars and coins. Key considerations:
- ◆ Physical platinum carries 23% VAT in Ireland, where investment gold carries none
- ◆ Premiums over the spot price are higher than for gold due to the smaller market
- ◆ Platinum bars are LBMA-certified (Good Delivery) from 1 oz upward
- ◆ Storage: Space-efficient thanks to high density — a 1 kg bar measures only about 8 x 4 x 1.5 cm
Platinum ETCs and Securities
For investors looking to avoid the VAT burden, Exchange Traded Commodities (ETCs) offer an alternative:
- ◆ WisdomTree Physical Platinum (PHPT) — The largest physically backed platinum ETC in Europe, stored in LPPM-certified vaults in London and Zurich
- ◆ Aberdeen Standard Physical Platinum Shares (PPLT) — Physically backed, listed in the USA
- ◆ Invesco Physical Platinum ETC — Irish-domiciled, backed by allocated metal and quoted on several European venues
Tip: No VAT arises on an ETC, because no metal changes hands. That does not make the exit simpler: a security is taxed according to its legal form, and Ireland treats a debt instrument and a fund interest under separate regimes. Nor does holding on for longer help, since Irish capital gains tax has no time-based relief at all. See the tax section below.
Platinum Mining Stocks
Shares of platinum producers offer leveraged exposure to the platinum price. The most important publicly traded companies:
- ◆ Anglo American Platinum (Amplats) — World's largest primary producer, part of the Anglo American group, mining in the Bushveld Complex
- ◆ Impala Platinum (Implats) — Second-largest producer, mines in South Africa, Zimbabwe, and Canada
- ◆ Sibanye-Stillwater — Diversified PGM producer with mines in South Africa and the Stillwater Mine in Montana (USA)
- ◆ Northam Platinum — Focused on the Bushveld Complex, growth through the Booysendal Mine
- ◆ Platinum Group Metals (PTM) — Developer of the Waterberg project in Limpopo, one of the largest undeveloped PGM deposits worldwide
Platinum vs. Gold and Palladium
A comparison of the three most important precious metal investments illustrates their distinct profiles:
| Criterion | Platinum | Gold | Palladium |
|---|---|---|---|
| Industrial share | >60% | 7–10% | ~85% |
| Primary driver | Diesel cat. + H2 | Safe haven | Gasoline cat. |
| VAT (Ireland) | 23% standard | Exempt | 23% standard |
| Volatility | High | Medium | Very high |
| Substitution | Platinum and palladium can substitute for each other in catalytic converters (12–18 months) | ||
| Future potential | Hydrogen/FC | Central bank buying | Limited |
Platinum-palladium substitution: When palladium is significantly more expensive than platinum (as was the case from 2019–2022), automakers begin partially switching their gasoline catalytic converters to platinum. This process takes 12–18 months (certification required) but creates additional medium-term demand for platinum. Substitution is considered one of the strongest structural price drivers for platinum.
Platinum Alloys and Purity
Platinum is worked at far higher purity than gold. Where gold jewellery is commonly 585 or 750 fine, the standard for platinum is Pt950, and the metal permits it: even close to pure, platinum is hard and durable enough to be made up and worn every day.
The usual platinum finenesses are:
- ◆ Pt999.5 — investment grade for bars and bullion coins. LBMA Good Delivery requires a minimum of 999.5/1000.
- ◆ Pt950 — the dominant jewellery standard worldwide: 95 per cent platinum with 5 per cent of copper, cobalt, iridium or ruthenium. In Japan, the largest market for platinum jewellery, it is simply the norm.
- ◆ Pt900 — met in older pieces and in parts of Asia. At 90 per cent platinum it is harder than Pt950.
- ◆ Pt850 — the lowest internationally recognised platinum fineness, used in some countries for cheaper jewellery.
Platinum holds one clear advantage over white gold: it is naturally white and stays that way for good. White gold is yellow gold alloyed with palladium or nickel and needs regular rhodium plating to hold its colour. Platinum is also hypoallergenic, which matters a great deal to anyone who reacts to nickel.
Hallmarks on platinum vary from one country to the next: across the EU you will meet «Pt950», «950 Plat» or the platinum symbol, and anything assayed in Dublin carries the office mark beside the fineness. British platinum adds an orb symbol to the set.
Platinum and Tax in Ireland
Platinum is treated quite differently from gold here, and the difference is worth understanding before you buy rather than after. The paragraphs below set out the general position; they are not tax advice, and Revenue remains the authority on any particular case.
Value-Added Tax: The Standard 23% Rate
Investment gold is relieved of VAT by Schedule 1, paragraph 9(1) of the Value-Added Tax Consolidation Act 2010, the Irish enactment of the EU investment gold regime. Nothing equivalent exists for the platinum group, so physical platinum carries the full standard rate of 23%. That covers:
- Platinum bars of all sizes
- Platinum coins (including bullion coins such as Eagle, Maple Leaf, etc.)
- Platinum jewelry and granules
One point catches people out. A Platinum Eagle or a Platinum Maple Leaf is legal tender in its country of issue, exactly as a gold bullion coin is — but that status is irrelevant here, because the relief is written around gold of investment grade and not around coinage as such. A platinum coin is taxed like a platinum bar, and a bar is taxed like any other manufactured metal.
Important: At 23%, roughly one euro in five of a retail purchase is tax you will never see again, and the dealer premium sits on top of that. The metal price has to make up the whole of it before a sale leaves you level. That is the single largest cost difference between platinum and gold for an Irish buyer, and it belongs in the calculation from the very start.
Capital Gains Tax: No Waiting Game
Physical platinum is an ordinary chargeable asset, and Irish capital gains tax gives no relief for the passage of time. Proceeds less documented cost less the expenses of the transaction, charged at a flat 33% under section 28 of the Taxes Consolidation Act 1997, with the annual exempt amount of EUR 1,270 in section 601 taken off first. Because that allowance covers all your chargeable gains for the year and cannot be carried forward, spreading disposals across tax years is the one lever the legislation actually gives you.
Platinum ETCs: Read the Wrapper
Note on platinum ETCs: Everything above describes the metal. A listed product tracking the metal is a security, and Irish tax follows the legal form of the security — a debt instrument and a fund interest sit under different regimes, and a physically backed ETC may be drafted as either. A delivery entitlement does not turn the security into bullion. Nothing here depends on how long you hold, so where the prospectus and key information document leave the position open, put the question to Revenue or a tax adviser before you sell.