Understanding Platinum prices
Raw materials and production
Platinum belongs to the platinum-group metals and is recovered from mineral ores through concentration, smelting and refining. Production is geographically concentrated, while recycling of used catalysts contributes additional supply.
Applications and consumption
Platinum is used in vehicle emission-control catalysts, chemical processing, jewellery and some fuel-cell technologies. Its catalytic activity and resistance to heat support industrial applications. Jewellery demand can respond differently from manufacturing demand.
What affects Platinum prices?
Mining disruptions, energy costs, catalyst recycling and vehicle production influence platinum prices. Substitution between platinum-group metals can change consumption over time. Buyers also consider available stocks, exchange rates and the technical requirements of the application.
How to read Platinum price today
This page follows Platinum in NYMEX. The price type is Futures contract, with values expressed in USD/oz troy. Compare quotations only after matching the product specification, unit, market and publication period. Changes in the chart describe the recorded series; they do not measure every transaction in the wider market. A local purchase may include freight, processing, taxes or dealer margins. Differences in quality or delivery conditions can therefore produce a different final cost even when the reference price is unchanged.
The latest dated observation is the reference available on this page. Trading holidays or publication delays can leave the displayed date earlier than today; this is not a live tick feed.
Further reading: Royal Society of Chemistry — Platinum ↗
Frequently asked questions about Platinum
What is Platinum price today?
The latest available value is 1,623.30 USD/oz troy, for 10/16/2026. It represents Futures contract. Check the displayed period and market before treating it as a quotation for a purchase today. The latest dated observation is the reference available on this page. Trading holidays or publication delays can leave the displayed date earlier than today; this is not a live tick feed.
What affects Platinum prices?
Mining disruptions, energy costs, catalyst recycling and vehicle production influence platinum prices. Substitution between platinum-group metals can change consumption over time. Buyers also consider available stocks, exchange rates and the technical requirements of the application.
What is Platinum used for in everyday life and industry?
Platinum is used in vehicle emission-control catalysts, chemical processing, jewellery and some fuel-cell technologies. Its catalytic activity and resistance to heat support industrial applications. Jewellery demand can respond differently from manufacturing demand.
Why can local Platinum prices differ from this chart?
Local offers may include delivery, processing, taxes and commercial margins. Differences in quality, product form, market and contract timing can also change the price. Compare the same specification and unit before drawing conclusions.
Where can I compare historical Platinum prices?
Use the price chart and dated history table on this page, or download the CSV. Choose a period and keep the market, product and units consistent. Missing publication dates are not filled with invented observations.