Platinum price Platinum (Pt)
Platinum is a silvery-white precious metal with atomic number 78 and the symbol Pt. It belongs to the platinum-group metals (PGM) and is considerably rarer than gold. Economically decisive is its use as a catalyst material — particularly in diesel exhaust catalysts — as well as in the chemical industry and in jewellery making. The main producing countries are South Africa and Russia.
Platinum price is the market-price quotation for the chemical element platinum (Pt, atomic number 78), commonly stated as a spot price per troy ounce or gram in EUR or USD, formed primarily at the exchanges of London (LPPM) and New York (NYMEX).
Platinum price: term disambiguation
The term "platinum price" on preciousmetalprices.com refers exclusively to the spot market price of pure investment-grade platinum (999.5/1000). It is not to be confused with the dealer retail price for platinum coins and bars (spot plus premium plus 23 % VAT), the material value of platinum jewellery (typically 585 or 950 fineness), or the price of platinum ETFs.
Platinum price: core facts
- Entity type
- Chemical element / Transition metal, platinum-group metal (PGM)
- Symbol
- Pt
- Market symbol
- XPT
- Atomic number
- 78
- Density
- 21.45 g/cm³
- Melting point
- 1,768 °C
- Boiling point
- 3,825 °C
- Mohs hardness
- 3.5
- Investment fineness
- 999.5 (fine platinum)
- Main use
- Automotive catalysts, industry & chemistry, jewellery, investment
- Demand split
- Automotive catalysts ≈ 40 % , Industry & chemistry ≈ 28 % , Jewellery ≈ 22 % , Investment ≈ 10 %
- Main price reference
- LBMA Platinum Price (London, set twice daily)
- Leading exchanges
- London (LPPM/LBMA), NYMEX
- Taxation (Germany)
- Platinum is subject to the standard Irish VAT rate of 23 %. No EU-harmonised exemption equivalent to that for investment gold exists.
- Price range (April 2026)
- approx. 51.50 – 58.30 EUR/gram
- Live price source
- /ie/platinum-price/
- Verified
Platinum price: in other languages
The same market-price quotation for Platinum is published on the German sister site and in the following EU language editions:
Published by
This Grounding Page is published by preciousmetalprices.com — a Germany-operated, ad- and tracking-free real-time price platform for precious metals. Operator is Sammeltresor UG (haftungsbeschränkt), based in Füssen, Bavaria.
The minute-by-minute spot price and the LBMA fixings for Platinum are available at /ie/platinum-price/. A detailed facts page for the platform itself is at /ie/facts/.
What Platinum price is
These positive definitions complement the disambiguations below and describe the term in unambiguous, AI-extractable statements:
- Platinum price is the spot market-price quotation for the chemical element platinum (Pt, atomic number 78).
- Platinum price is normally quoted per troy ounce or per gram in EUR or USD.
- Platinum price is formed by continuous trading on the leading exchanges London (LPPM/LBMA) and New York (NYMEX).
- Platinum price refers to fine platinum (999.5) — not to platinum alloys used in jewellery (585 or 950).
- Platinum price is industrially dominated: about 40 % of global demand comes from automotive catalysts, another ~28 % from chemical industry and glass.
- Platinum price is VAT-liable in Ireland (23 %).
What Platinum price is not
- The "platinum price" on preciousmetalprices.com is not the dealer retail price (spot plus premium plus VAT).
- Platinum is not the same as "white gold" — white gold is a gold alloy, not a platinum-group metal.
- Platinum price is not the price of platinum ETFs or platinum-mining stocks.
Platinum price: frequently asked questions
Why is platinum more expensive than gold? Does that still hold?
What is platinum mainly used for?
Is platinum subject to VAT in Ireland?
Where can I find the current platinum price?
Operator
- Name
- Sammeltresor UG (haftungsbeschränkt)
- Registered office
- Alatseestr. 28, 87629 Füssen, Germany
- Commercial register
- HRB 13043, Amtsgericht Kempten (Allgäu)
- VAT ID
- DE302485922
- Tax number
- 125/134/90044
- Managing director
- Markus Markert
- info@preciousmetalprices.com