Use our charts to view the current platinum price. If you’d like to explore the platinum price over a longer period, simply adjust the drop-down menus to see historical prices from three months, one year, or even up to ten years ago.
Checking the platinum price today can help you spot trends or assess the value of your portfolio if you’ve invested in platinum. You might also be considering purchasing platinum bars or coins and want to see if now is a favourable time to buy.
The current platinum price is influenced by two key factors: demand and supply. Platinum demand is driven by four main factors:
1. Automotive demand – primarily for catalytic converters.
2. Industrial demand – used in various applications, from pacemakers and anti-cancer drugs to hydrogen power cells.
3. Jewellery demand – platinum is seen as more exclusive than gold and is associated with high status, hence terms like "platinum artist" or "platinum card."
4. Investment demand – due to its rarity and industrial uses, platinum is considered a valuable investment.
The supply of platinum is notably limited. There is 30 times more gold on Earth than platinum. Often, the current platinum price reflects concerns about supply. Platinum's supply is highly sensitive to political changes, especially in countries where it is mined, like South Africa, which accounts for over 75% of the global supply.
If you’re interested in tracking the platinum price, it’s also wise to monitor industrial demand figures and the economic and political situation in South Africa.
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