Platinum
Platinum Charts & Prices
Below, you’ll find insights on how to leverage these market trends to refine your investment strategy. Once you’ve analyzed the spot prices, explore our Top Sellers to secure your assets today.
Live Platinum Price
Market closed
Platinum is trading at $1,434.39 per troy ounce (bid), up $0.92 (0.06%) from the previous close.
| Ounce | 1,434.39 | +0.92 |
|---|---|---|
| Gram | 46.12 | +0.03 |
| Kilo | 46,116.69 | +29.59 |
| Pennyweight | 71.72 | +0.05 |
| Tola | 537.90 | +0.35 |
| Tael | 1,743.16 | +1.12 |
Day's Range
Prices in US dollars per troy ounce. Indicative spot-market data for information only, not a trading quote or financial advice.
Platinum Value by Purity
Calculator (quantity & unit)
| Fineness | Value (USD)* |
|---|---|
| 999 Fine Platinum | — |
| 950 Platinum | — |
| 900 Platinum | — |
| 850 Platinum | — |
* Estimated metal value only, based on the live bid price. Retail premiums, dealer margins and fees may apply to physical products. Enter a custom purity percentage in the box above.
Platinum Spot Price Chart (Bid) — USD per Ounce
Chart shows the bid price in New York time. Recent prices are recorded every minute while the market is open (Sunday 6 PM to Friday 5 PM ET); if you pick a candle size that is too fine for the range, the next workable size is used.
Platinum Price Today — Per Ounce, Gram and Kilo
Platinum's spot price is quoted per troy ounce. This table converts that live quote into the other weight units used in bullion and jewelry trade, in US dollars.
| Unit | Platinum Price (USD) | Change | Low | High |
|---|---|---|---|---|
| Platinum price per ounce | $1,434.39 | +$0.92 | $1,434.39 | $1,434.39 |
| Platinum price per gram | $46.12 | +$0.03 | $46.12 | $46.12 |
| Platinum price per 10 grams | $461.17 | +$0.30 | $461.17 | $461.17 |
| Platinum price per kilo | $46,116.69 | +$29.59 | $46,116.69 | $46,116.69 |
| Platinum price per pennyweight | $71.72 | +$0.05 | $71.72 | $71.72 |
| Platinum price per tola | $537.90 | +$0.35 | $537.90 | $537.90 |
| Platinum price per tael | $1,743.16 | +$1.12 | $1,743.16 | $1,743.16 |
Based on the bid price of the spot market. One troy ounce is 31.1035 grams. Tola is 11.6638 g, the Hong Kong tael is 37.799 g, and a pennyweight is 1/20 of a troy ounce. Low and High are for the current trading day.
Platinum Price Historical Performance
| Time | Change | Change% |
|---|---|---|
| 3 Days | -107.53 | -6.97% |
| 7 Days | -118.85 | -7.65% |
| 30 Days | — | — |
| 60 Days | — | — |
| 6 Months | — | — |
| 1 Year | — | — |
| 5 Years | — | — |
| 10 Years | — | — |
| 15 Years | — | — |
How Much Your Platinum is Worth
Estimate only, based on the live bid price and the payout rate shown. Your final offer is confirmed after your items are weighed and tested, and prices can change before then. Weigh each purity separately, and leave stones and non-metal parts out of the weight.
Platinum Calculator
The Platinum spot price is typically listed in troy ounces, but it can be converted into any unit of measure you want to buy or sell. Some markets list the live spot price of Platinum in a variety of currencies, but many silver markets use live data listed in USD.
Calculating the payouts for your unwanted gold, silver, or platinum jewelry and bullion shouldn’t be a guessing game. Our intuitive scrap metal calculator streamlines the entire process, converting raw technical data into an accurate valuation in just a few clicks. By pairing your item’s precise purity hallmark and exact mass against live global commodity markets, the tool automatically factors in standard, competitive payout percentages upfront. This ensures you receive a realistic, honest reflection of what your items are worth with zero hidden refining fees or surprise deductions.
If you want to know more about how it works or what formula we use, you have to visit the official Marcus Metals Scrap Calculator.
Platinum Price FAQ
What is the price of platinum today?
The live price is at the top of this page, quoted per troy ounce, and the table shows it per gram, kilo, and other units.
What does “spot price” mean?
It is the current market price of one troy ounce for immediate delivery.
Why do dealers charge more than spot?
Coins and bars carry a premium for minting, distribution, and dealer margin.
Why is platinum cheaper than gold if it is rarer?
Most gold is held as a store of value, while platinum is driven mainly by industrial and car demand, which has been weaker.
What is platinum used for?
Mainly catalytic converters, jewelry, chemical and petroleum refining, medical devices, and fuel cells.
What purity is platinum jewelry?
Usually 95% (stamped 950). Bullion is 99.95% or 99.9%.
Where does platinum come from?
About seven-tenths of mined platinum comes from South Africa, with Russia the second-largest producer.
Is platinum a good investment?
Its price swings more than gold’s because the market is smaller and tied to industry. This is information, not advice.
How the Platinum Spot Price Works
The spot price is the market price for one troy ounce of platinum for immediate delivery, quoted in US dollars. It is set by trading in futures and over-the-counter markets and by the London and New York dealing desks, and it moves almost around the clock. Spot metals trade from Sunday 6 PM to Friday 5 PM Eastern Time.
A troy ounce is 31.1035 grams, about 10% heavier than the everyday ounce. Platinum is a thinner market than gold, so a single large order can move the price more. Coins and bars sell at a premium over spot to cover minting, distribution, and dealer margin.
Spot vs. futures: spot is for delivery now. Futures are for delivery on a later date and normally trade slightly above spot because of storage, insurance and interest costs.
What Moves the Platinum Price
- Autocatalyst demand. The largest single use of platinum is in catalytic converters, especially for diesel vehicles. Car sales and emissions rules drive this demand.
- Jewelry demand. Platinum is popular for engagement rings and fine jewelry, with China, Japan, India and Europe the main buyers.
- Industrial demand. Chemical, petroleum, glass, medical and electronics industries use platinum as a catalyst or for its resistance to corrosion.
- Hydrogen and clean energy. Platinum is a key material in fuel cells and in electrolysers that make hydrogen, so the growth of hydrogen technology is a long-term source of demand.
- Mine supply. Platinum is far rarer than gold. South Africa produces roughly seven-tenths of the world’s mined supply, with Russia second, so strikes, power shortages and political risk in these regions can move the price. Recycling from old catalytic converters adds supply.
- Investment demand. ETF holdings, coins and bars add or remove demand. Interest rates and the U.S. dollar affect investment appetite as they do for other metals.
Platinum vs. Gold
Platinum is rarer than gold, yet most of the time since 2015 it has sold for less. Before that it usually traded above gold. The gap reflects the different demand: gold is held mostly as a store of value, while platinum depends heavily on industry and car production. Investors watch the platinum-to-gold price relationship as a guide to whether platinum is cheap or expensive.
Platinum Value by Purity
Purity is stated as fineness, the parts of pure platinum per 1,000.
| Fineness | Platinum content | Typically found in |
|---|---|---|
| 999 | 99.9% | Bars and rounds |
| 950 | 95% | The most common platinum jewelry standard (stamped 950, Plat or Pt950) |
| 900 | 90% | Jewelry, mainly Europe and Asia |
| 850 | 85% | Some European jewelry |
A ring stamped 950 is 95% platinum, so its melt value is about 95% of its weight at the spot price. Melt value is not what a buyer will pay or charge. Scrap buyers pay below melt, and finished jewelry sells above it.
Platinum Price History
Platinum reached a record near $2,300 an ounce in March 2008, just before the financial crisis, and then fell below $800 in the following months. It spent much of the 2010s and early 2020s under $1,100 as diesel car sales dropped, before recovering in the mid-2020s. Check the current high against your data source, since providers differ.
About Platinum
Platinum is a dense, silvery-white metal that does not tarnish or corrode. Its name comes from the Spanish platina, “little silver”. It is hypoallergenic, which makes it a favorite for jewelry, and it is about 30 times rarer than gold in the earth’s crust. Platinum bullion coins include the American Platinum Eagle and the Canadian Platinum Maple Leaf, both 99.95% pure.