Platinum (XPT/USD)
Platinum Price Today
The live platinum spot price below reflects the current market price per troy ounce. Platinum is rarer than gold — approximately 15-20 times rarer by annual mine production — and has significant industrial applications.
Per troy ounce · USD
Per Troy Oz
$1,085.00
Per Gram
$34.88
Per Kilo
$34,883.56
Platinum Price Per Gram, Kilogram & Troy Ounce
| Unit | Price (USD) |
|---|---|
| 1 Troy Ounce (31.1g) | $1,085.00 |
| 1 Gram | $34.88 |
| 1 Kilogram | $34,883.56 |
| 10 Grams | $348.84 |
| 100 Grams | $3,488.36 |
Platinum Price — Frequently Asked Questions
What is the platinum spot price?
The platinum spot price is the current market price for one troy ounce of platinum for immediate delivery. Platinum is traded on the NYMEX (CME Group) and the London Platinum and Palladium Market (LPPM). Platinum is rarer than gold — about 15-20 times rarer by annual mine production.
Why is platinum cheaper than gold?
Despite being rarer, platinum is currently cheaper than gold because its demand is heavily tied to the automotive industry (catalytic converters). The shift toward electric vehicles, which don't need catalytic converters, has weighed on long-term platinum demand expectations. Gold benefits from stronger safe-haven and central bank buying.
Is platinum a good investment?
Platinum is considered undervalued by many analysts given its rarity and industrial uses. It trades at a significant discount to gold, which is unusual historically — for most of the 20th century, platinum was more expensive. Potential upside comes from hydrogen fuel cell technology, which uses platinum as a catalyst.
What is platinum used for?
About 40% of platinum demand comes from the automotive industry (catalytic converters to reduce emissions). Jewelry accounts for ~30%, particularly in Japan and China. Industrial uses (chemical catalysts, electronics, glass manufacturing) make up ~20%. Investment demand (bars, coins, ETFs) accounts for the remainder.
Related Resources
Platinum prices shown are sourced from global metal exchanges and updated hourly. Prices are provided for informational purposes only and may differ from actual dealer prices. This is not investment advice. Past performance does not guarantee future results.