Platinum — Live Price

Platinum (symbol XPT) is quoted in US dollars per troy ounce on the LPPM (London Platinum and Palladium Market) and NYMEX. Roughly 70% of global supply originates in South Africa, with Russia and Zimbabwe providing most of the rest. Today's spot converts to $56.84 per gram and $1,768.00 per troy ounce in USD.

Platinum follows the same troy-ounce convention as gold and silver. Investment-grade bars are typically 1 oz, 10 oz, or 1 kilogram. The Canadian Maple, American Platinum Eagle, and Australian Koala are the main sovereign coins.

Auto catalytic converter demand is the dominant driver — especially for diesel engines in Europe and light vehicles globally. When EU diesel sales fell post-Dieselgate and electric vehicles rose, platinum demand softened. Conversely, hydrogen fuel cell vehicles and hybrid car growth are long-term tailwinds. Supply shocks (South African strikes, power cuts, sanctions on Russian output) produce sharp upward spikes. Jewelry demand — especially from China — is a secondary but meaningful factor.

Platinum suits investors who want precious-metal exposure with industrial upside and can tolerate higher volatility. Physical options include 1 oz sovereign coins (highest liquidity) and LBMA-refined bars. ETFs like PPLT offer lower-cost exposure without storage. Jewelry is niche but prized for weddings and luxury watches because of its hardness and hypoallergenic properties.