Platinum Price Today in United States โ Live Platinum Rates
Platinum price today in United States: 52.18 USD per gram, updated 17:34 UTC.
Platinum (Pt)
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Not available yetPlatinum Price by Weight Unit
Live spot pricing ยท pure .999 platinum| Unit | Grams | Price (USD) |
|---|---|---|
| Common | ||
| Troy OunceUS, GB, CA, AU, DE, CH | 31.1035 | $1,623.00 |
| GramSA, AE, EG, TR, DE, FR, ES, IT | 1 | $52.18 |
| KilogramDE, CH, IN | 1,000 | $52,180.70 |
| TolaIN, PK, BD, NP | 11.6638 | $608.63 |
| Pennyweight (dwt)US, CA, GB | 1.5552 | $81.15 |
| Asian Units | ||
| BahtTH | 15.244 | $795.44 |
| Tael (HK)HK, MO | 37.429 | $1,953.07 |
| Tael (Japan)JP | 37.5 | $1,956.78 |
| Bhori / VoriBD | 11.6638 | $608.63 |
| Sovereign / Pavan (8 g)IN, LK | 8 | $417.45 |
| MashaIN, PK | 0.972 | $50.72 |
| Small Units | ||
| Carat (metric) | 0.2 | $10.44 |
| GrainUS, GB | 0.0648 | $3.38 |
| RattiIN, PK | 0.1215 | $6.34 |
About Platinum
Guide, trends & regional insightsPlatinum Price Guide โ United States
Platinum is rarer than gold by a factor of roughly 30 โ yet it often trades below gold's price because industrial demand, especially from the auto industry, drives its market. For investors who understand the cycle, platinum can offer significant upside when auto demand turns or supply tightens.
United States
Platinum is niche in the US beyond bridal and luxury watches.
How platinum is priced
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 $52.18 per gram and $1,623.00 per troy ounce in USD.
Platinum weight units
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.
How to value platinum jewelry or bullion
Platinum is denser than gold (21.4 g/cmยณ vs. 19.3), so the same size ring weighs noticeably more โ and costs more in metal.
- Identify purity. Jewelry is usually 950 (95%) in the US and UK, 900 in some European markets, 850 as a lower-end standard.
- Weigh the piece in grams.
- Multiply: weight ร fineness ร current spot price per gram = intrinsic value.
- Worked example: a 10g platinum ring stamped 950 at today's $52.18 per gram is worth 10 ร 0.95 ร $52.18.
What moves platinum
Auto catalytic converter demand is the dominant driver โ 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 โ especially from China โ is a secondary but meaningful factor.
Platinum investment guide
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.
Over the past 7 days, Platinum has fallen 0.67% in USD, moving from $1,634.00 to $1,623.00. Over the last 30 days it is down 7.47%.
Frequently Asked Questions
- Why is platinum sometimes cheaper than gold?
- Platinum is rarer than gold โ about 30 times less is mined per year โ but its price depends heavily on auto industry demand for catalytic converters. When diesel sales fell in Europe and electric vehicles rose, platinum demand weakened while gold was supported by central bank buying. Historically platinum traded above gold; since 2015 the relationship has inverted.
- Is platinum jewelry pure?
- Platinum jewelry in the US and UK is typically 950 (95% pure), with 5% iridium or ruthenium for hardness. Some European markets use 900 or 850. The metal is denser than gold, so a platinum ring of the same size weighs noticeably more and costs more in material terms.
- Where is platinum mined?
- Roughly 70% of global platinum supply comes from South Africa (notably the Bushveld Complex). Russia and Zimbabwe account for most of the remainder. Supply disruptions in any of these regions โ labour strikes, power cuts, sanctions โ produce sharp price spikes.
- How is the platinum price determined?
- The platinum spot price (XPT) is set by global commodity markets โ primarily the London Bullion Market (LBMA), COMEX in New York, and the Shanghai Gold Exchange. Prices are quoted in US dollars per troy ounce and update continuously during market hours. We convert the live USD quote to your local currency and weight unit in real time.
- Why is the platinum price different at my local shop?
- Local retailers add a premium over the spot price to cover refining, fabrication, shipping, dealer margin, and VAT or sales tax. Expect 2โ8% markup on bullion coins and bars, and 10โ30% on jewelry (the extra covers design and labour). Our prices are the unadjusted global spot, which is the raw material cost before any premium.
- How often do your platinum prices update?
- Our XPT quotes stream live and refresh automatically every 10 seconds during market hours, sourced from Gold-API, a specialist precious-metals data provider that tracks the global OTC spot price. Historical charts use daily London PM fix values for consistency with financial reporting standards.
- Can I use these prices to calculate resale value?
- The spot price is the starting point, but a dealer will typically offer 92โ98% of spot for investment-grade bars and coins, and 60โ85% of the melt value for scrap jewelry (after deducting for purity and weight loss during refining). Always check two or three dealers before selling.
Spot, Bid & Ask
Live spread calculatorBid / Ask Spread
$1,623.00
$52.1807
$608.63
$1,618.9425
$52.0502
$607.1084
$1,627.0575
$52.3112
$610.1516
Spread %
Labour Cost
Enter to add fabrication / labour fee
Weekly & Monthly Performance
How the price has moved over recent periodsHistorical Performance
| Date | Price / oz | Change |
|---|---|---|
Thu, Oct 15 | $1,623.00 | -2.87% |
Wed, Oct 14 | $1,605.00 | -6.09% |
Tue, Oct 13 | $1,662.00 | -3.09% |
Mon, Oct 12 | $1,692.00 | -0.53% |
Sun, Oct 11 Closed | โ | โ |
Sat, Oct 10 Closed | โ | โ |
Fri, Oct 9 | $1,695.00 | +1.50% |
Thu, Oct 8 | $1,657.00 | -3.16% |
Wed, Oct 7 | $1,637.00 | -4.77% |
Tue, Oct 6 | $1,713.00 | -1.66% |
Mon, Oct 5 | $1,716.00 | +0.29% |
Sun, Oct 4 Closed | โ | โ |
Sat, Oct 3 Closed | โ | โ |
Fri, Oct 2 | $1,701.00 | -1.79% |