Live Platinum Spot Price Chart
- Ask what you pay
- Bid what dealers pay
- 5Y high
- $1,889.70
- 5Y low
- $1,693.90
- 5Y change
- −6.46%
- 5Y range
- $195.80
- Bid/ask spread
- 1.48%
Our price history starts 3 Sept 2026; the high, low and change above cover from then.
Platinum price per unit
- 1 troy ounce
- $1,693.90
- 1 gram
- $54.46
- 1 kilogram
- $54,460.07
Market alert
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Sign in to set an alertAbout the Platinum spot price
Discover our Live Platinum Price Chart at Bullion Hunters, with instant updates on the global spot price of platinum, per ounce. The chart merges up-to-the-minute trading data with historical prices, a solid foundation for understanding the market.
Chart highlights
- Examine trends in the platinum market, from short-term (one day) to long-term (five years).
- Inspect price fluctuations in detail by hovering over any section of the chart.
Beyond platinum, explore the gold, palladium and silver charts for insight across the precious metals market.
Live platinum spot price chart
The Live Platinum Spot Price Chart at Bullion Hunters tracks the real-time fluctuations of platinum prices throughout the day. It shows the current global trading value of one ounce of physical platinum, with current and historical data side by side as a reference: a clear view of the market's past and present.
Chart features and analysis tools:
- Analyze trading in the platinum market over periods from one day to five years.
- View price movements by hovering over any part of the chart, for an immediate read of market trends.
Beyond the platinum chart, Bullion Hunters has charts for gold, palladium and silver, and compares what dealers charge over spot, so you can see the whole precious metals market in one place.
Platinum price FAQ
How is the price of platinum determined?
Platinum is a rare precious metal, and its high price is a direct result of its limited supply. Its price tends to fluctuate more than gold’s. Several factors influence it, including demand from the automotive and jewelry industries, its scarcity and its use in the medical industry.
What does the spot price mean?
The spot price is the price of a precious metal per troy ounce (31.103 grams) for immediate delivery. Spot prices reflect world economic conditions, inflation and demand from industries such as automotive and medical.
Why should I care about the platinum spot price?
Platinum’s price can be volatile, and every dealer prices platinum products from spot, so knowing where spot is tells you how much of an asking price is premium. Signed in, you can set a price alert on this page to follow platinum throughout the day.
Why do people buy platinum?
Many buyers use platinum to diversify in a volatile economy. Its demand across industries and the range of products it comes in are part of its appeal.
Whether it suits your own situation is a decision for you or a financial professional.
Are platinum spot prices the same everywhere?
Platinum spot prices do not vary geographically, which allows an arbitrage-free platinum market.
Local prices differ only by currency conversion, taxes and dealer premiums.
What are bid and ask prices?
When buying platinum from a dealer, the "ask" is what the buyer pays, while the "bid" is what a dealer pays you when you sell platinum you already own. The difference between these prices is called the "spread" or the "bid-ask spread".
Why can't I buy at the platinum spot price? What is a premium?
A premium accounts for the costs between the raw metal and the product in your hand, such as minting, transportation, storage and dealer fees. It varies among dealers, and the final selling price includes it, which is why platinum products are rarely sold at spot.
Bullion Hunters compares those premiums across dealers, so you can see who charges what over spot for the same product.
What is the difference between an ounce and a troy ounce?
The United States uses the troy ounce standard to measure platinum. A troy ounce is approximately 31.103 grams, while an ordinary ounce is about 28.349 grams.
Why does the price of platinum change so frequently?
The price of platinum is influenced by many factors, such as interest rates, foreign relations, monetary policy, macroeconomic trends and fiscal policy, as well as industrial demand.
What moves the platinum price?
Automotive demand
Catalytic converters are one of platinum’s largest uses, so car production feeds directly into demand.
Scarce supply
Platinum’s limited supply is a large part of its price, and a disruption at one source can move the whole market.
Interest rates and policy
Interest rates, monetary and fiscal policy and foreign relations all move the platinum price.
Jewelry and medical uses
Jewelry and medical applications add demand that moves with consumer spending rather than industry.