Platinum Spot Price
Bid
1,731.90
+9.90 (+0.57%)
- ounce 1,731.90 +9.90
- gram 55.68 +0.32
- kilo 55,681.88 +318.29
- pennyweight 86.60 +0.50
- tola 649.46 +3.71
- tael 2,104.74 +12.03
Day's Range
Accurate Precious Metals live chart powered by TradingView. OANDA:XPTUSD chart by TradingView
Platinum spot history
Our recorded spot series — switch timeframes to see how platinum has moved.
Platinum spot price
Bid
What is the spot price of platinum?
The spot price is the current wholesale market price for one troy ounce of platinum for immediate settlement. Bullion dealers use spot as the base when quoting coins and bars.
Annualized returns
| Year | Return |
|---|---|
| 2025 | +5.5% |
| 2024 | -8.2% |
| 2023 | -4.8% |
| 2022 | +8.0% |
| 2021 | -9.7% |
| 2020 | +10.0% |
| 2019 | +22.1% |
| 2018 | -14.4% |
| 2017 | +2.7% |
| 2016 | +1.5% |
| 2015 | -26.2% |
| 2014 | -11.0% |
| 2013 | -12.0% |
| 2012 | +10.0% |
| 2011 | -18.6% |
| 2010 | +17.9% |
| 2009 | +62.8% |
| 2008 | -41.3% |
| 2007 | +36.8% |
| 2006 | +16.0% |
| 2005 | +12.4% |
Platinum spot price FAQ
The spot price of Platinum is the current market price for immediate delivery of one troy ounce of pure metal. It is the benchmark used to price bullion coins and bars before premiums are added.
Our spot prices refresh continuously during market hours via live feeds. The ticker and charts on this page reflect the latest price update.
Spot prices respond to global supply and demand, currency moves, central-bank activity, industrial use (for silver and platinum group metals), and investor sentiment. Geopolitical events and inflation expectations also play a role.
No. Bullion products trade at spot plus a premium that covers minting, distribution, and dealer margin. The coin values grid on this page shows live product prices, not raw spot.
Why do investors buy physical platinum instead of platinum derivatives
Physical bullion is tangible, has no counterparty risk, and can be held outside the banking system. ETFs and futures are convenient but do not provide the same direct ownership and privacy benefits many stackers seek.
Platinum price appreciation over time
Historically, platinum has served as a store of value through inflationary periods and geopolitical uncertainty. Key drivers include:
- Monetary policy and real interest rates
- Currency weakness, especially in the U.S. dollar
- Central-bank and institutional demand
- Industrial and jewelry consumption
- Investor flows into hard assets
How platinum spot prices are determined
Spot is set by global over-the-counter and exchange trading, with major reference feeds aggregating bids and offers worldwide. Futures markets and London fixes also influence the price dealers quote.
Platinum and local currencies
While spot is typically quoted in U.S. dollars per troy ounce, local prices reflect the USD spot multiplied by the FX rate. A weaker local currency means higher domestic metal prices even when USD spot is flat.
Why platinum is used as a store of wealth
Platinum has been valued for millennia, is finite, and carries no issuer default risk. Many portfolios include a bullion allocation as a diversifier and hedge.
Why you should never attempt to buy platinum below spot price
Legitimate dealers cannot sell bullion below spot for long — premiums, minting, and logistics always apply. Offers far under spot are a common fraud signal. Buy from reputable dealers with transparent pricing.
