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Live price comparison and the Gold-to-Platinum ratio.
| Asset | Open | High | Low | Close | Range |
|---|---|---|---|---|---|
| Gold | — | — | — | — | — |
| Platinum | — | — | — | — | — |
Open, high, low, and close over the selected 1 year. “Range” is the high-to-low move as a percentage — a quick read on each asset’s volatility over that period.
| Metric | Gold | Platinum |
|---|---|---|
| Live price | $ 4,328.50 | $ 1,763.00 |
| 24h change | +0.03% ↑ | -1.06% ↓ |
| 1-month return | -8.21% ↓ | — |
| 1-year return | +30.33% ↑ | — |
| 5-year return | +129.18% ↑ | — |
| Volatility | Low | Medium |
| Pair | XAU/USD | XPT/USD |
| Asset class | Precious Metal | Precious Metal |
| Key drivers | Interest rates & the US dollar · Inflation & safe-haven demand · Central-bank activity | Automotive demand · Supply concentration · Substitution with palladium |
| Trading hours | Market hours | Market hours |
| Gold-to-Platinum ratio | 1 Gold = 2.46 Platinum | |
Gold and platinum are both precious metals, but platinum is far rarer and far more dependent on industry — especially automotive catalytic converters.
Platinum has at times traded above gold and at other times well below it, so their price relationship shifts with the economic cycle.
Much less platinum is mined each year than gold, though gold’s investment demand often keeps it more valuable.
Platinum’s price leans heavily on car manufacturing and emissions rules; gold’s leans on investment.
The gold-platinum ratio swings with industrial cycles and can flip which metal is more expensive.
Choose gold for safe-haven stability, and platinum if you want exposure to industrial demand and believe it is undervalued relative to gold. The gold-platinum ratio is a useful gauge of which looks cheap at the moment.
Platinum has weaker investment demand than gold and leans heavily on the car industry, so when auto demand softens its price can fall below gold despite being rarer.
Yes — far less platinum is mined each year, but gold’s much larger investment demand often keeps it more valuable per ounce.
Compare the 1-month, 1-year and 5-year returns in the table above — the leader varies by period, and the normalized chart shows how the two have moved relative to each other.
It depends on your goals and risk tolerance: Gold and Platinum have different volatility profiles and price drivers, summarised above. This is educational information, not financial advice.
One Gold currently equals 2.46 Platinum — a quick gauge of relative value between the two.