Platinum Price Today
Platinum Coin Values
≈ $322.05 USD
10 Dollars "American Platinum Eagle" Bullion Coinage ,
1997-2008
≈ $984.50 USD
25 Dollars "American Platinum Eagle" Bullion Coinage ,
1999
≈ $1392.50 USD
50 Dollars "American Platinum Eagle" Bullion Coinage ,
2007
≈ $1747.50 USD
100 Dollars "American Platinum Eagle" Bullion Coinage ,
2016
≈ $6716.00 USD
¼ Sovereign - Elizabeth II Platinum Wedding ,
2017
≈ $6716.00 USD
5 Sovereigns - Elizabeth II Platinum Wedding ,
2017
≈ $506.00 USD
5 Dollars - Elizabeth II 1⁄10 oz Platinum Bullion Coinage ,
1990-1999
≈ $119.99 USD
20 Dollars - Elizabeth II Hologram Maple Leaf ,
2002
Platinum Spot Price
$1,943.71 USD
| Platinum Spot Prices | Platinum Price | Spot Change |
|---|---|---|
| Platinum Price Per Ounce | $1,943.71 USD | $22.51 USD |
| Platinum Price Per Gram | $62.49 USD | $0.72 USD |
| Platinum Price Per Kilo | $62,491.73 USD | $723.71 USD |
Live Metal Spot Prices (24 Hours) Last Updated: 6/1/2026, 12:00 PM
What is Platinum's Spot Price?
In case you don't know, spot price is how much you'd have to pay if the metal were delivered to your doorstep right away. This spot price has other common names like "spot value", "value right now", "current value", and other similar terms.
Spot is mostly calculated in troy ounces. Keep in mind that while most call them just "ounces", they are different measurements. Troy ounces have 31 grams, and they were always a staple in precious metals, while typical ounces are used for pretty much everything else and contain just 28 grams.
Platinum Annualized Return
| USD | EUR | GBP | AUD | CAD | |
|---|---|---|---|---|---|
| 2015 | -26.07% | -23.82% | -22.15% | -25.1% | -24.39% |
| 2016 | 1.6% | 3.05% | 2.5% | 1.78% | 2.2% |
| 2017 | 2.94% | 0.7% | 0.83% | 2.3% | 2.1% |
| 2018 | -14.66% | -14.2% | -13.8% | -14.4% | -13.95% |
| 2019 | 20.33% | 22.5% | 21.7% | 21.1% | 22% |
| 2020 | 10.98% | 9.8% | 10.2% | 11.1% | 10.5% |
| 2021 | -9.87% | -8.5% | -8.9% | -9.1% | -8.8% |
| 2022 | 9.7% | 11.4% | 12% | 8.5% | 9.2% |
| 2023 | -6.5% | -7.6% | -6.9% | -5.8% | -5.1% |
| 2024 | -8.97% | -10.2% | -9.5% | -8.1% | -7.8% |
| 2025 | 121.97% | 118.4% | 115.6% | 112.9% | 118.1% |
Platinum Spot Price FAQ
What is the price of platinum per ounce?
As of 2025, the live spot price is approximately $1,642–$1,660 per ounce. At that very moment, though, the number should be different. Nowadays, values fluctuate every time because we have a global market, where trading is happening every minute, every day.What is platinum?
It's a precious metal. Compared to most, it is very dense, yet shares some looks with silver. Some ingots are silvery, others are almost white. Chemists point out how platinum is a rare metal, with corrosion resistance, and a wide range of industrial applications.
What is platinum used for?
Unlike gold, this white metal mainly dabbles in industry: automotive catalysts, electronics & medical devices, green energy.How much is platinum per ounce?
The current spot price is about $1,640 USD, but wait before celebration. Nowadays, values change constantly during trading hours, and trading is permanent now. We suggest browsing precious metal retailers like APMEX or Kitco, as these sites keep up with changes. Platinum futures price is in the same range.How much is platinum worth?
Prices fluctuate a lot lately, but for now, platinum goes for about $1,640 per ounce. The worth of your exact metal depends on purity, weight, and market price. If your item is bullion (99.95% pure), then it will base itself on the spot price.Is platinum more expensive than gold?
Not currently. This metal is much, much rarer than gold, but gold is trading at a higher price, around $4,100 per ounce. This higher value is mostly due to traditions. Investors associate gold with riches and invest more in yellow ingots.Does platinum tarnish?
No, platinum doesn't fear tarnish. It's naturally resistant to oxidation, corrosion, and most chemical reactions.Is platinum magnetic?
No, not magnetic. However, alloys containing certain metals might be slightly magnetic.Where is platinum found?
Most of the world's supply comes from South Africa (the largest producer). This region accounts for roughly 70–75% of global output. Then comes Russia. Zimbabwe is following closely behind.Is platinum a good investment?
Yes. It combines features of both a precious metal (like gold) and an industrial material for many important car parts and machines. Platinum is also a metal of the future, because most green technologies require it.Is platinum stronger than gold?
Yes, denser and more durable than gold. Experts have long noticed how platinum is harder to bend or wear down. This quality makes it ideal for fine jewelry or the industry.Does platinum scratch?
Yes, this metal can scratch. Many consider "patina", a peculiar wear pattern on the jewelry, a sign of provenance and character.
How Platinum Prices Are Determined — Understanding the Platinum Spot Price Today
Precious metals are relatively stable assets, but like any other commodity, their values fluctuate. The price of platinum today won't stay the same the next day. Most call this current value "spot".
Spot price of platinum is how much you'd have to pay for a troy ounce of pure metal, if it were delivered to you right this second. The value is typically quoted in U.S. dollars. The current platinum price per ounce USD fluctuates throughout the day, but why? Because of a few organizations and a few factors.
Live platinum prices are determined on major commodities exchanges such as the London Bullion Market Association (LBMA) and the New York Mercantile Exchange (NYMEX). These big companies buy and sell orders from traders, refiners, and industrial users, and establish a real-time valuation.
If we look past big names, we will see other factors that influence the spot price:
- Market Supply and Mining Output: Most supplies come from South Africa and Russia. Should geopolitical events like labor strikes happen in those regions, the supply dwindles and the price goes up.
- Automotive Industry Demand: This metal is a key material in catalytic converters, which help reduce vehicle emissions. A very needed part that needs metal for its production.
- Currency Movements: Most exchanges are done in dollars. Foreign buyers prefer the weaker U.S. dollar because it is easier to buy. As a countermeasure, soon the values rise and the dollar becomes stronger.
- Investor Behavior: The more money investors put in this metal, the pricier it becomes.
Platinum and Gold Prices: Which Precious Metal Holds More Value?
To start, let's compare the values of both. It is the current price of platinum against gold.
| Metal | Value per Gram (USD) | Value per Kilo (USD) | Value per Ounce (USD) |
|---|---|---|---|
| Gold | $ | $ | $ |
| Platinum | $ | $ | $ |
For now, gold is the leader among precious metals. Gold has long been the benchmark of wealth. However, the 1 oz platinum price may make a comeback with a higher number during periods of industrial development.
How Industrial Demand Impacts the Price of Platinum
Over half of this metal's demand comes from industrial uses rather than investment or jewelry.
In the industry, this metal is used for:
- Automotive Catalysts: It's a machine part. You can find it inside diesel and hybrid vehicles, and the catalysts help reduce harmful emissions.
- Green Hydrogen Production: This technology is not exactly new, but hydrogen fuel cells and electrolyzers are actively being developed today.
- Electronics and Medical Devices: This metal is an excellent conductor. Not many know, but it is an important part for sensors, electrodes, and surgical equipment.
Any change in manufacturing output, environmental regulations, or technological innovation can significantly impact platinum price charts. Green technology is growing stronger each year. Perhaps, this metal will come on top together with its industries.
Platinum Price History and Performance Over Time
Like any precious metal, platinum saw its highs and lows.
| Year | Approx. Value (USD/oz) |
|---|---|
| 1995 | ~ $466 |
| 2000 | ~ $630 |
| 2015 | ~ $872 |
| 2020 | ~ $1,093 |
| 2025 | ~ $1,658 |
In the early 2000s, platinum often traded well above gold, reaching peaks of over $2,200 per ounce in 2008. The reason? Strong auto demand and limited supply. However, the global financial crisis and shifts toward cheaper palladium in catalytic converters led to a prolonged period of underperformance. And yet, history continues. Perhaps this metal will make a comeback, and even if it isn't, for now, it's incredibly precious, still.
Why You Should Never Pay Below the Spot Price of Platinum Bullion
The spot price is the basis for all precious metals, but if you ever actually try buying an ingot, you will notice higher prices. All because buyers should pay a premium above the spot to cover fabrication, refining, and distribution costs. There is logic here, as spot value covers only the metal.
If a dealer offers you a metal below spot value, it's often a red flag. Perhaps there is fraud, like counterfeit products or hidden fees. Authentic bullion from reputable mints and dealers will always cost above spot, and it is the right thing to do.
All in all, platinum is a precious metal and deserves to be bought and sold for what it deserves.
