Platinum Spot Price Today
Live platinum price per ounce, gram, and kilo — updated every minute, with LBMA history back to 1990.
At 9:11 PM ET on November 3, 2026, the platinum Ask is $1,430.69 per troy ounce, $46.00 per gram, and $45,998.11 per kilogram in U.S. dollars.
Ask: the price level dealers quote for buying. Markets move every second. Selling? What we pay today
Last updated: 9:11 PM ET
The chart shows market prices, not the Ask. Intraday: BullionTradingLLC.com live feed, mid-market, market hours only · Daily: market close (LBMA auction prices, continued with our 5 pm New York closes when the latest LBMA prices aren't available) · Charts by TradingView · Chart images free to share with attribution
The platinum spot price is the market rate for one troy ounce of .9995 fine platinum. Platinum is roughly thirty times rarer than gold and is mined mostly in South Africa and Russia; autocatalysts, industry, and jewelry dominate demand, so the price is sensitive to the auto cycle and supply disruptions.
Platinum Price Converter
$1,430.69 per troy ounce
Converts the Ask at live exchange rates.
Platinum Price per Ounce, Gram & Kilo
| Unit | Platinum Ask (USD) | Day Change |
|---|---|---|
| Troy ounce | $1,430.69 | −$1.36 |
| Gram | $46.00 | −$0.04 |
| Kilogram | $45,998.11 | −$43.73 |
Ask: the price level dealers quote for buying. Markets move every second. Day change: since the previous 5 pm New York close.
Platinum Performance History
| Period | Close Then | Change | Change % |
|---|---|---|---|
| 1 Year | $1,580.00 | −$161.05 | −10.2% |
| 5 Years | $1,021.00 | +$397.95 | +39.0% |
| 10 Years | $986.00 | +$432.95 | +43.9% |
| 20 Years | $1,200.00 | +$218.95 | +18.2% |
| 30 Years | $379.75 | +$1,039.20 | +273.7% |
Based on official LBMA prices to 2026-09-28, then our 5 pm New York closes to 2026-11-03 ($1,418.95/oz close).
Platinum value by purity and weight
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Why Invest in Platinum?
Platinum has historically traded above gold and today often trades below it — a discount some investors treat as long-term value. Supply is concentrated in a handful of mines, so disruptions move the price quickly.
Platinum vs. Gold
Gold demand is mostly monetary; platinum demand is mostly industrial. That makes platinum more cyclical: it tends to do best when industry accelerates, while gold shines in uncertainty.
Supply Concentration
Around 70% of mined platinum comes from South Africa. Power shortages, labor actions, or mine closures there ripple straight into the spot price.
Platinum Price FAQ
What is the spot price of platinum?
The spot price is the current market rate for one troy ounce of .9995 fine platinum for immediate settlement. Physical platinum bars and coins are priced at a premium over this rate.
Why is platinum cheaper than gold?
Demand mix. Platinum leans on autocatalysts and industry, which fluctuate with the economy, while gold enjoys steady monetary and central-bank demand. Rarity alone does not set the price.
What purity is platinum bullion?
Investment-grade platinum is at least .9995 fine — American Platinum Eagles and most bars meet this standard.
How far back does the platinum chart go?
Our historical series uses the official LBMA platinum PM price, published since April 1990 — every trading day is on the chart above.
Is platinum a good diversifier?
It behaves differently from both gold and equities, which is exactly what diversification needs — at the cost of higher volatility and thinner liquidity than gold.
What drives daily platinum moves?
Auto-sector news, South African supply, the dollar, and speculative positioning. Thin trading volumes mean moves can be sharper than gold's.
Prices are indicative rates for informational purposes and are not an offer to buy or sell. The Ask is the price level dealers quote for buying; charts and tables of past prices show market prices and daily closes. Product prices include a premium over spot.