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Live platinum spot price (XPT/USD) with 24-hour high, low, and charts.
Record high reflects the highest price in our available data history.
How the platinum price has moved over time, shown in US Dollar per troy ounce.
| Period | Change (USD/oz) | % change |
|---|---|---|
| Today | -$ 22.00 | -1.23% ↓ |
| 1 Week | -$ 169.00 | -8.75% ↓ |
| 1 Month | -$ 304.00 | -14.71% ↓ |
| 6 Months | +$ 109.11 | +6.60% ↑ |
| 1 Year | +$ 590.07 | +50.31% ↑ |
| 5 Years | +$ 608.32 | +52.68% ↑ |
Percentages reflect the international platinum price (XPT/USD). Indicative data, not financial advice.
Platinum is a rare precious metal prized in both investment and heavy industry. It is quoted per troy ounce in US dollars and is significantly scarcer than gold.
Its largest single use is in automotive catalytic converters, so platinum prices respond strongly to trends in car manufacturing and emissions regulation.
Catalytic converters are the biggest source of platinum demand, linking it to vehicle production.
Most platinum is mined in a handful of regions, so supply disruptions can have an outsized price impact.
Manufacturers switch between platinum and palladium based on relative price, linking the two metals.
The platinum spot price is quoted in US dollars per troy ounce. To see it in your own currency, apply your exchange rate, then divide by 31.1035 (the grams in a troy ounce) for a per-gram figure.
The ₹83 rate is illustrative — the same method works for any currency, just swap in its exchange rate. Our converter and country pages do this automatically using live rates.
| Weight | Price |
|---|---|
| Per Gram | $ 56.68 |
| Per Tola | $ 661.13 |
| Per 10 Gram | $ 566.82 |
| Per Ounce | $ 1,763.00 |
| Per Kilo | $ 56,681.77 |
Platinum is a relative newcomer among precious metals. Pre-Columbian peoples in South America worked it, but Europeans first dismissed the strange, hard-to-melt metal in Colombian rivers as “platina” — “little silver”. Only in the 18th and 19th centuries, once chemists learned to handle its extraordinarily high melting point, did platinum gain prestige.
By the 20th century platinum had become a byword for ultimate luxury — the word still signals the highest tier of credit cards, records, and awards — while also becoming indispensable to heavy industry.
Platinum is one of the rarest precious metals: annual production is a small fraction of gold’s, and most comes from just a few regions, chiefly South Africa and Russia. It is extremely dense, does not corrode or tarnish, and has a very high melting point of over 1,700°C.
Its defining behaviour is catalytic — platinum speeds up chemical reactions without being consumed by them. That, plus its durability and resistance to wear, makes it both a precious and a deeply industrial metal.
Platinum’s biggest job is cleaning the air: it is the key ingredient in the catalytic converters that scrub harmful gases from vehicle exhausts. It also catalyses reactions in oil refining and fertilizer production and, increasingly, in the fuel cells and electrolysers at the heart of the emerging hydrogen economy.
In everyday life platinum’s rarity and durability make it a premium choice for fine jewelry and wedding rings. It also appears in laboratory equipment, pacemakers, and certain anti-cancer drugs, thanks to its biocompatibility.
Platinum trades in the global precious-metals market, priced per troy ounce in US dollars. Because its demand is dominated by the automotive and industrial sectors and its supply is highly concentrated, platinum can be volatile, and its price relationship with gold shifts with the economic cycle.
Platinum is a key component of catalytic converters that reduce vehicle emissions, so automotive production heavily influences its demand.
Yes — far less platinum is mined each year than gold, though gold’s investment demand keeps it more valuable per ounce at times.
Like other precious metals, platinum is quoted as a spot price per troy ounce in US dollars for immediate settlement.