Question 1

What is the platinum price today?

Accepted Answer

The current platinum price is shown live at the top of this page, updated in real-time from COMEX futures. Platinum trades in USD per troy ounce. Check the live price widget above for the exact current price.

Question 2

What was the highest platinum price ever?

Accepted Answer

The all-time high platinum price was approximately $2,308 per troy ounce, reached in May 2008. This was driven by South African mining supply disruptions and peak diesel vehicle demand in Europe. Platinum was trading above the gold price during this period.

Question 3

Why is platinum cheaper than gold?

Accepted Answer

Platinum is approximately 30 times rarer than gold in the Earth's crust, yet it often trades below gold prices. This is because platinum's primary demand driver is industrial (catalytic converters) rather than monetary. The shift away from diesel vehicles has reduced platinum demand, while gold's central bank and investment demand remains strong.

Question 4

What drives the platinum price?

Accepted Answer

The main drivers of the platinum price are: (1) South African mining supply — supply disruptions cause sharp price spikes; (2) Automotive production — platinum is used in diesel catalytic converters; (3) Green hydrogen economy — platinum is used in hydrogen fuel cells, a growing demand driver; (4) Jewellery demand in China and Japan; (5) Investment demand via ETFs and futures.

Question 5

What is the platinum price per gram?

Accepted Answer

The platinum price per gram is calculated by dividing the troy ounce price by 31.1035. The current price per gram is shown in the price grid above and updates in real-time.

Question 6

Will platinum price go up in 2025-2026?

Accepted Answer

Platinum has strong long-term fundamentals driven by: (1) Hydrogen fuel cell demand growth — platinum is a key catalyst in PEM fuel cells; (2) Supply deficits — annual mine supply is declining; (3) Deep discount to gold — platinum historically trades near or above gold prices. However, the shift to battery electric vehicles (which don't use platinum) is a headwind.

Platinum Price Today