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rarer than gold.
The platinum spot price is $1,699.70 per troy ounce, up $0.40 (0.02%) over the last 2d. Live platinum spot price per troy ounce, gram, and kilo -- recorded every 30 minutes -- with 30-day charts and platinum bullion from verified sellers.
| Per troy ounce | $1,699.70 |
|---|---|
| Per gram | $54.65 |
| Per kilogram | $54,646.62 |
| Per pennyweight (dwt) | $84.99 |
| 24h range | $1,699.70 — $1,699.70 |
USD spot, recorded every 30 minutes. Last reading Oct 4, 10:19 AM ET. Physical products carry a premium over spot.
Melt value is today's spot multiplied by the coin's pure platinum content. Open a coin for its full spec sheet, value history, and live listings.
Metal value at today's spot -- before any premium or refiner's cut.
Spot × fineness, per troy ounce and per gram.
| Purity | Per oz | Per g |
|---|---|---|
.9995 fine Bullion bars and coins | $1,698.85 | $54.62 |
.950 Most platinum jewelry | $1,614.72 | $51.91 |
.900 Older jewelry, watch cases | $1,529.73 | $49.18 |
Daily closes, last 7 days (ET). Today's row is the latest reading.
| Date | Close | Change |
|---|---|---|
| Sun, Oct 4 | $1,699.70 | 0% |
| Sat, Oct 3 | $1,699.70 | 0% |
| Fri, Oct 2 | $1,699.70 | -2.02% |
| Thu, Oct 1 | $1,734.77 | +0.93% |
| Wed, Sep 30 | $1,718.73 | +0.83% |
| Tue, Sep 29 | $1,704.64 | +0.33% |
| Mon, Sep 28 | $1,699.05 | -2% |
Platinum bullion, coins, and bars from verified sellers. Flat 2.75% seller fee and zero listing fees keep asking prices close to melt. Browse all platinum listings.
Coin Weight & Purity LookupSpecs and live melt value for common bullion coins.
Investment Return CalculatorWhat a past purchase would be worth today, from recorded price history.
Portfolio Allocation CalculatorHow much of your stack should be gold vs silver vs platinum.
Gold-to-Silver Ratio TrackerToday's ratio, what's historically normal, and what it suggests.
Discover where platinum is mined around the world, from the dominant Bushveld Complex in South Africa to significant operations in Russia and North America, and understand why its supply is so concentrated.
Learn how to test for real platinum at home using simple, non-destructive methods like the magnet test and checking for official hallmarks, helping you distinguish it from look-alike metals.
Discover why platinum, one of the noblest metals, does not tarnish and learn the difference between corrosion and the natural patina that develops on platinum over time.
About 40% of platinum goes into catalytic converters -- especially diesel -- so car production, emissions rules and the diesel-to-petrol shift drive demand. Jewelry, glass and chemical manufacturing take most of the rest, with investment a smaller, more volatile slice. Supply is the story on the other side: roughly 70% of mined platinum comes from South Africa, so power cuts, strikes and mine closures there move the price in a way no single country can for gold.
Platinum is quoted per troy ounce in US dollars from the London OTC market (the LBMA Platinum Price benchmark is set twice daily) and NYMEX futures in New York. It is a much thinner market than gold or silver, which is part of why daily moves are larger.
Fewer mints strike platinum and dealer volumes are lower, so premiums on 1 oz coins tend to run higher than on gold -- often 5-10% -- and buy-back spreads are wider. Bars from major refiners are usually the cheapest way to own the metal; sovereign coins (Eagle, Maple, Kangaroo, Philharmonic, Britannia) pay for recognisability and liquidity.
Platinum is around 30 times rarer than gold in the earth's crust and traded above gold for most of 1990-2011, yet it has sat well below gold since. The difference is demand structure: gold is bought as money, platinum as an industrial input. That's why some investors watch the platinum-to-gold ratio as a long-term mean-reversion trade.
The platinum spot price is $1,699.70 per troy ounce ($54.65 per gram), recorded Sun, 04 Oct 2026 14:19:05 GMT. PeerMetals records the global spot price every 30 minutes, so the number on this page moves through the trading day.
The spot price is the current market price for one troy ounce of pure platinum for immediate delivery. It is quoted in US dollars, set by trading on global markets (COMEX futures and the London OTC market for precious metals), and it is the benchmark every dealer, refiner, and marketplace seller prices from.
A troy ounce is 31.1035 grams -- about 10% heavier than the 28.35-gram avoirdupois ounce used for food. All precious metal prices, including the platinum price on this page, are quoted per troy ounce.
The difference is the premium: minting, distribution, and the seller's margin. Premiums are lowest on large bars and generic rounds and highest on small fractional pieces and collectible coins. On PeerMetals the marketplace grid below shows each listing's asking price so you can compare it against today's spot and buy close to melt.
Continuously while markets are open -- roughly Sunday 6 PM to Friday 5 PM US Eastern time, with a short daily pause. The price on this page is refreshed every 30 minutes from the recorded spot feed; the chart above shows the last 30 days of those readings.
The spot price is global and quoted in USD, so yes -- what differs by location is the currency conversion, local taxes, and dealer premiums. Bullion in the US is generally exempt from sales tax in most states above a threshold, but check your state.
Rarely -- spot is the wholesale benchmark, and every physical product carries some premium. You can get closest with generic bars and rounds from individual sellers who have no retail overhead, which is exactly what the PeerMetals marketplace is built for: a flat 2.75% seller fee and no listing fees keep asking prices near melt.
Platinum is about 30x rarer than gold in the ground, but roughly 40% of demand is automotive catalytic converters, so its price tracks car production and diesel policy far more than gold does. It traded above gold for most of 1990-2011 and below it since.
One email when the platinum spot price makes a meaningful move, plus new listings priced near melt. No daily spam.
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