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Platinum Prices

Platinum Price Today & Historical Platinum Prices

APMEX’s Platinum price chart shows real-time data for Platinum prices today and the historical price of Platinum per ounce. The Platinum price may be viewed for any date within the last 30 years in our interactive Platinum price chart below. Simply plug in custom dates or use the scroll bar to view Platinum price movements for any date range. You can also hover your mouse over the Platinum price chart to see a specific price of Platinum for each day.

Live Metal Spot Prices (24 hours)
Platinum Spot Prices Platinum Price Today Spot Change
Platinum Price Per Ounce $846.60 $1.30
Platinum Price Per Gram $27.22 $0.04
Platinum Price Per Kilo $27,218.80 $41.80

What is Platinum?

Platinum is a rare and dense silver-white Precious Metal that’s created as a by-product from mining nickel and copper. It is considered the “most precious” of the Precious Metals due to its scarcity. In the automotive industry, Platinum is an irreplaceable product that goes into the production of catalytic converters, which reduce the amount of carbon monoxide emitted from automobiles.

As an investment, physical Platinum has a high value-to-density ratio and is an efficient way for investors to achieve exposure to the Precious Metal. The increasing demand for Platinum in the booming automotive industry makes it a great investment option for traders in the Precious Metals space.

How is Platinum price determined?

Many factors influence the price of Platinum, which is often more volatile than Gold. Platinum prices change every few seconds and there are an unlimited number of components that play a role in the Platinum price. Some of the reasons for changes in Platinum price include:

  • Current events
  • Market speculation
  • Industrial demand
  • Buying power

Supply and demand determines prices for commodities and the Platinum price is no exception. Platinum is an industrial metal and experiences the effects of market changes from commercial efforts in automotive and electronic industries. For investors who buy and sell Platinum regularly, staying current with fluctuations in the market is crucial to financial success.

How can I be alerted to changes in Platinum price?

Tell us your target Platinum price per ounce and we will send an email or text message as soon as the market reaches your ideal Platinum price. Benefits of our Platinum Price Market Alerts include:

  • Maximizing your Platinum buying position
  • Maximizing your exit or sell strategy
  • Staying informed of Platinum market changes

To create your Platinum price alert, simply create an account to receive all the benefits open to account members. You’ll gain access to our interactive Precious Metals portfolio tool, custom Platinum price alerts, personalized product alerts exclusive offers, and more. Opening an account is free and takes just a minute.

Platinum Price Basics

What is the spot Platinum price? How is the price of Platinum today calculated?

When you look at the APMEX Platinum price chart, you will see spot metal prices for Platinum. This is the base price of Platinum per troy ounce in its unfabricated state. When costs of fabrication, distribution, a nominal dealer fee and any numismatic or collector value are added to this base spot price, you have the price you will pay for Platinum coins and bars.

These added factors make up what is called the premium Platinum price per ounce. The spot price of Platinum is a snapshot in time, as Platinum is traded almost 24/7. You can look at the Platinum price history in our chart to see how Platinum has fared over the years. Some of the more important snapshots of Platinum value include two daily Precious Metal price settings at 9:45 a.m. and 2 p.m. (GMT) by the London Metal Exchange, which administers the LBMA Platinum price. In the U.S., Platinum is traded on the New York Mercantile Exchange's Commodity Exchange, or COMEX, and the Chicago Board of Trade. Platinum is also traded on the Tokyo Commodity Exchange.

What is a spot price?

A spot price is the current price in the Precious Metals marketplace at which a given asset such as a security, commodity or currency, like Gold and Silver, can be bought and/or sold for immediate delivery. You can find the Platinum price per ounce, gram and kilo on our interactive charts above.

Why should I care about the spot price of Platinum?

Knowing the spot Platinum prices helps you make better decisions about investing. When you view the Platinum price chart, you will begin to see trends in prices. As the Platinum pricing go up, you typically will want to sell. And as the metal prices go down, you will want to buy. Favorite investments that offer some of the best Platinum value include Platinum American Eagles, Canadian Platinum Maple Leafs and Australia Platinum Platypus Coins.

What is the lowest price of Platinum in the past 5 years?

Looking at the Platinum price history, you will see the Platinum metal spot prices hit their lowest point in the past five years on Jan. 18, 2016 at 12:30 p.m. (CT) when the Platinum spot price was $821.10 USD per troy ounce. You can check out the price trends of Silver, Gold and Palladium, too.

Is it worth buying a gram of Platinum?

Whether you are a beginning or experienced investor, a gram of Platinum is a good investment. There is much diversity in the products offered and it is affordable, which provides an extra layer of purchasing power. You can also diversify your portfolio with different sized Platinum bullion.

What is the cost of Platinum price per gram and per kilo?

The most common measurement is in ounces, but you can buy Platinum in gram and kilo sizes. Below are sample sizes and prices for the metal.

Grams of Platinum Platinum Price Price Per Gram of Platinum
1 gram Platinum $850 $27.31
2 gram Platinum $850 $54.63
3 gram Platinum $850 $81.94
4 gram Platinum $850 $109.26
5 gram Platinum $850 $136.57
6 gram Platinum $850 $163.89
7 gram Platinum $850 $191.20
8 gram Platinum $850 $218.52
9 gram Platinum $850 $245.83
10 gram Platinum $850 $273.14

What are example kilo Platinum prices today?

Kilo of Platinum Platinum Price Price of Platinum Per Kilo
1 kilo Platinum $850 $27,314.43
2 kilo Platinum $850 $54,628.86
3 kilo Platinum $850 $81,943.29
4 kilo Platinum $850 $109,257.72
5 kilo Platinum $850 $136,572.15
6 kilo Platinum $850 $163,886.59
7 kilo Platinum $850 $191,201.02
8 kilo Platinum $850 $218,515.45
9 kilo Platinum $850 $245,829.88
10 kilo Platinum $850 $273,144.31

What are example ounce Platinum prices today

Ounce of Platinum Platinum Price Price Per Gram of Platinum
1 ounce Platinum $850 $849.58
2 ounce Platinum $850 $1,699.15
3 ounce Platinum $850 $2,548.73
4 ounce Platinum $850 $3,398.30
5 ounce Platinum $850 $4,247.88
6 ounce Platinum $850 $5,097.45
7 ounce Platinum $850 $5,947.03
8 ounce Platinum $850 $6,796.60
9 ounce Platinum $850 $7,646.18
10 ounce Platinum $850 $8,495.75

What is the highest Platinum price per ounce in the past 5 years?

The price per ounce of Platinum was the highest in the past five years on June 11, 2014 at 12:30 p.m. (CT), when the Precious Metal spot price was $1,514.90 USD per troy ounce. You can check out the price trends of Silver, Gold and Palladium, too.

What is the lowest Platinum spot price per ounce in the past 10 years?

In the last 10 years of the Platinum price history, the Platinum price was lowest on Jan. 18, 2016 at 12:30 p.m. (CT), when the troy ounce Platinum spot price was $821.10 USD. You can check out the price trends of Silver, Gold and Palladium, too.

What is the highest troy ounce Platinum price in the past 10 years?

In the past 10 years, the ounce of Platinum price was highest on Aug. 29, 2011 at 12:30 p.m. (CT), when the Platinum Precious Metals price registered at $1,855.16 USD per troy ounce. You can check out the price trends of Silver, Gold and Palladium, too.

Do Platinum prices change, based on where I live? Is Platinum traded around the clock?

Platinum is virtually traded around the clock and always at the same price per ounce, no matter where in the world. This ensures there is no arbitrage, which is when traders simultaneously buy and sell Platinum or other Precious Metals in different markets to take advantage of the differentials of Platinum prices.

Platinum is traded by troy ounces in U.S. dollars, but the price of Platinum today can be converted to local currencies and prices quoted on some sites are by gram or kilogram. Always be aware of how the price is being calculated. Once you understand how the price of Precious Metals like Platinum is determined, you will want to check out favorite Platinum Bars and Rounds, as well as popular coins like Canadian Platinum Maple Leafs and Platinum American Eagles.

Are Platinum spot prices in U.S. currency?

Yes, the Platinum spot prices you see on our price chart are for 1 troy ounce of Platinum in U.S. dollars (USD). That is because Platinum is traded in USD. However, other sites may quote Platinum metal prices in grams or kilograms. You may also find quotes for Platinum prices that have been converted to local currency. No matter what is being quoted, the Platinum price is based on USD. We offer a variety of Platinum products, including favorites like:

Why do I have to pay a premium Platinum price? Why can't I just pay the spot price for Platinum?

No one can buy or sell Platinum at the spot bullion prices because the spot price for Platinum doesn't account for the costs of fabrication, distribution, nominal dealer fee and any numismatic or collector Platinum value, which combine for the premium price of Platinum. When these factors are accounted for, you will have the total price you pay. Many investors buy Platinum bullion bars or rounds as they have little to no numismatic value and often are considered the best Platinum value for portfolios. We also have popular coins from the U.S. Mint and Platinum coins from around the world.

When looking at Gold and Platinum prices today, how do I decide what is the best investment?

Between Gold and Platinum, what is the best investment? This depends on many factors. While Platinum is rarer than Gold and the Platinum price has often outpaced Gold's price, today there is a downturn in Platinum prices. As a result of the lull in Platinum prices, many investors see this as a prime time to invest. This is something to consider as you review the Platinum price history in our price chart and consider the factors that push up the price of Platinum. Part of why Platinum may not have been as popular as Gold over time may be due to Platinum not being considered a currency stand-in like Gold and Silver are. After all, Gold and Silver have been used as currency for thousands of years.

High Platinum Jewelry prices

Like Gold prices, Platinum prices are driven up by high demand in industrial and jewelry uses. View our article about how Platinum prices and uses compare with Gold prices. In fact, more than 40 percent of Platinum is used in catalyst operations, as a primary component of catalytic converters that transform exhaust byproducts into less toxic forms. About another third of the 250 tonnes of Platinum mined each year is used for jewelry. Platinum is also subject to political upheaval in South Africa, where 70 percent of the world supply is mined. With all of these factors in mind when you look at Gold and Platinum prices, only you can determine the best investment for your portfolio. Some favorite Platinum coins among investors include:

What is the difference between an ounce and a troy ounce when I consider bullion Spot prices?

When looking at the Platinum price chart, you will discover an ounce is not a "regular" ounce. Typically, when Americans refer to ounces, they generally are referring to avoirdupois ounces. The Platinum spot price is calculated in troy ounces, which are equal to 1.09711 avoirdupois ounces. In addition, when you buy a pound of Platinum, you are buying 12 troy ounces. One troy ounce, like with these Platinum bars, equals 31.1035 grams or 480 grains. Knowing these equivalences, you can easily determine the price of Platinum today, no matter what measurement is used.

What is the Bid Precious Metal Platinum price per ounce?

The bid Platinum price per ounce today is the current highest market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Platinum to a dealer.

What is the Ask Price of Platinum today per ounce?

The Ask Platinum price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Platinum to you for the ask price.

What does the Spread mean for Platinum Precious Metals prices?

The Spread is the difference between the Ask price of Platinum today and the Buy Platinum price. This spread is also referred to as the bid-ask spread and represents the dealer's profit. The dealer pays you the Ask Platinum Precious Metal prices when you resell Platinum, while you will pay the Bid Platinum Precious Metals prices when you buy from the dealer.

Sell my Platinum coins and bars online

Interested in selling your Platinum? APMEX offers you an easy and fast way to sell your Platinum bars, and Platinum coins online. Click here to learn how to sell your Platinum.

Investing at the current price of Platinum per ounce

When I look at the Platinum price chart, why should I invest with today's metal prices?

Many who invest in Platinum see investing in the price of Precious Metals as a way to balance their portfolio. They often see metal spot prices over time and consider Platinum as a good investment for retirement or to preserve wealth. In part, this is because Platinum and other Precious Metal prices often hold value when other investments are faltering. When the U.S. dollar is losing value, the Platinum spot price is often holding steady or going up, resulting in investors often considering Platinum and other Precious Metals as safe-haven investments. Platinum Precious Metals prices often even gain value in inflationary times. In addition, no matter where you travel, Platinum value remains the same because Platinum, like other Precious Metals, is traded in U.S. dollars even though it may be translated into local currencies. This means Platinum has an intrinsic value based on supply and demand and is not necessarily dependent on other investments. Platinum is also a tangible way to pass on wealth to future generations and they will appreciate the Platinum value, whether you pass along Platinum bars like 1 oz or 10 oz bars or Platinum coins like:

  1. American Eagles
  2. Australian Koala coins
  3. Platypus coins

Take a look at the Platinum price chart and today's spot price for Platinum, and decide what investments make the most sense for your goals. Learn more in our Platinum price history article.

How do I safely invest in Platinum for retirement?

If anyone says an investment is completely safe, they aren't telling the truth. There certainly are safer investments, and many see Precious Metal prices and believe they are a good investment. Review our price charts for Palladium, Silver, Gold and Platinum prices over time. From these, you can see how Precious Metals prices change over time and also understand what is the current price of Platinum, as well as other Precious Metals. Often, investing in Gold and Platinum prices and other Precious Metals is seen as a way to guard against other investments faltering. Typically, Platinum and other Precious Metal prices go up as the U.S. dollar and other investments lose value. Many investors like to use dollar cost averaging when investing so they divide the total sum invested into equal parts, including investments in Gold and Platinum prices. This conservative method of buying at current Precious Metals prices allows for flexibility as the market shifts.

I paid the bars and coins prices for Platinum and now I am wondering how to safely store these Precious Metals.

We offer secure storage with Citadel Global Services, Inc., a wholly-owned APMEX subsidiary that provides maximum security. After paying the current Precious Metal prices, you want a secure place to story your new investments. Citadel is that place. It is the ideal security solution to store valuables after you pay the current Platinum Precious Metal prices. Security leader Brink's manages the storage for the best way to protect the Platinum bar and coin value of your collection. The price is very affordable to use this facility, which is an important thing after paying Platinum bars and coins prices. Keep Platinum bars and Platinum coins safe and store them with Citadel.

Can I use Precious Metals IRAs for Platinum coins and other Platinum investments?

Many investors make the most of their Platinum value by investing in a Precious Metals IRA, which is a Self-Directed IRA. Any profits on your Platinum investment (the Precious Metals prices you paid when you first bought it vs. the price of Platinum today) can be tax deferred as long as the proceeds are kept with your reinvestment custodian or transferred to another IRA account, just like with regular IRAs. Platinum must be .9995 fine to place the Precious Metal in the IRA. Further diversify your portfolio when you pay Platinum Precious Metal prices for Platinum coins like American Eagles or Isle of Man coins, or Platinum bars, and decide to place the Precious Metal in an IRA. Investors often see these Platinum purchases as one way to diversify portfolios and guard against economic downturn.

Do I have to pay sales taxes on top of the spot Platinum price today?

Some dealers will charge sales tax when you pay Precious Metals prices online. After checking the Platinum price chart and finding the Platinum bars and coins you want to buy, check the dealer's sales tax policy. Online, you typically only pay sales tax on the current Platinum Precious Metals prices if you live in the state of the seller and that state collects tax. APMEX does not collect any tax. You should consult your tax advisor for specific taxation advice in your jurisdiction. State taxes may be applicable.

If I buy over $10,000 in Platinum value, does the government monitor the sale?

If you buy Platinum coins or Platinum bars with a Platinum value of more than $10,000, the government will not track the purchases. This is unlike cash transactions. After determining the price of Platinum in the Platinum pricing chart, don't worry if you go over $10,000, as you won't have to worry about any government reporting. Some favorite purchases include:

  1. American Platinum Eagles
  2. Australian Platinum Koalas
  3. Platinum Platypus coins

Other Platinum Price Questions

Is the Platinum market and thus the Platinum price today manipulated?

A quick Internet search returns many theories about whether the Platinum market price and Platinum prices today are manipulated. You can draw your own conclusions after careful research. When investing, though, many consider more than just the Platinum price today. Look at historical Platinum prices in our price of Platinum chart and consider how Platinum often holds value when other investments plummet. This is why investing in Platinum, like American Platinum Eagle coins, Canadian Maple Leaf Platinum coins or other Platinum bullion, is often considered a safe haven. Many suggest a balanced investment portfolio is the way to go, with equal percentages of investment in each area.

What is Platinum fixing in relation to the price of Platinum per ounce?

Twice each weekday, the London Platinum Fixing representatives, which include bullion-trading firms, meet via telephone to determine a benchmark for the Platinum price. Among those meeting at 10:30 a.m. and 3 p.m. (GMT) to set the current price of Palladium include Bank of Nova Scotia-Scotia Mocatta, Barclays Bank, HSBC Bank USA and Société Générale. London Platinum Fixing is intended to fix a price for settling contracts between members, but Palladium fixing also provides a recognized Gold price that is used to benchmark the majority of Platinum products and derivatives around the world.

What are the different types of Platinum bullion?

Platinum bullion comes in several different forms, with prices based on live Platinum prices. You can safely buy Platinum in coins, rounds and bars. Palladium coins are only produced by government mints and go beyond what is the current price of Platinum because they have numismatic or collectible value. Platinum bar price quotes, on the other hand, typically have the least markup so they make great investments for someone not interested in the historical and artistic values of the mint coins. Platinum rounds are in the same class as Platinum bars and are similar to Gold bar price value. Both Platinum rounds and bars, which come in a large variety of sizes and designs, are manufactured by private mints.

How much money is a Platinum coin worth?

A Platinum coin's price is determined by its content, condition and rarity. Of course, a Platinum coin's' price is also influenced by the spot price of spot Platinum on a given day.

Historic Platinum prices

In addition to the 1 ounce value of a Platinum coin, there is often a numismatic value, or collectibility premium, for a higher current price of Platinum per oz for coins and higher historica Palladium prices for collectible Palladium coins. For a Palladium buyer who is not interested in the historical and artistic values of the mint coins, APMEX offers Palladium bars and Palladium rounds that typically carry a low premium over spot price. However, coin investors and collectors tend to rely heavily on a coins history to determine its value among other things. APMEX offers both live spot prices and historical Palladium and Platinum prices readily available on our simple interactive graphs.

Ready to sell your Platinum bullion online?

Are you ready to sell your Palladium coins? APMEX offers you the option to sell all of your Precious Metals, easily and fast, all online! Simply click Sell To Us, and get a step-by-step process of how to sell your Palladium bars, coins, and rounds to APMEX. We also offer the "Trade" option! Use the money you receive from the Palladium metal you sell, and apply it to a new Precious Metal purchase. APMEX makes both buying and selling your Palladium and Platinum bullion easier than ever, click hereto find out more about the products dealers want to buy.

When I try to look at the price of Platinum and Palladium day-to-day, they seem to constantly change. Is there anyway to lock in today's Platinum price or Palladium price?

Today's Platinum prices and Palladium prices are locked in at specific prices by dealers, who develop their own protocols for Platinum and Palladium prices. This price is based on the spot price of Palladium and Silver, as well as costs for fabrication, distribution, a nominal dealer markup and any numismatic value. With a reputable dealer, buyers are able to lock today's Palladium price and Platinum price at checkout for a prescribed length of time to protect the dealer from any sudden changes in the current price of Palladium per ounce or Platinum per ounce.

Are Platinum rates the same in the U.S. as they are around the world?

Yes, the Platinum rates remain the same everywhere. If it was different in one country, that would lead to people buying at a lower Palladium rate in one country and trading it at a higher Palladium rate elsewhere.

Wouldn't a local coin shop offer better Platinum values for my dollar?

Precious Metal spot prices like Platinum and Silver prices are very competitive and it is likely your local shop won't be able to provide the same value as APMEX. That is because we have lower overhead – no physical store – and buy in greater quantity so you are sure to get the best Platinum and Silver prices. As a result, we don't have to charge as high of a premium on our Silver and Platinum prices, including our Silver American Eagles and Gold American Eagles. Check out our collection of Platinum and Silver and determine what is the current price of Platinum and Silver that is the best deal for you.

What is the spot price of Platinum and Palladium ratio?

When determining what is the price of Palladium or Platinum, why would people care about the ratio? Platinum-Palladium prices are often looked at together to analyze the relative value of the two Precious Metals. If the ratio swings one way or the other, one of the Precious Metals is usually considered overpriced and the other underpriced when compared with the historical price of Palladium and Platinum . One of the reasons for a shift in the ratio of the price of Palladium and Platinum could be that demand is up for one and not the other. The Platinum-Palladium prices ratio could also be off because supply for one has become scarcer due to mining issues or production.

Where can I see Platinum and Palladium prices today?

APMEX is a great resource for those who need up-to-the-moment Platinum and Palladium prices. We have both live spot prices and historical Platinum and Palladium prices readily available on our simple interactive graphs. See today's current spot price, as well as historical spot prices on the interactive graphs provided online at APMEX.

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