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Platinum Price Today

Platinum group metal used in catalytic converters and jewelry.

Last updated: November 14, 2026

Source: Spot platinum, via MetalpriceAPI

1,490.45
USD/oz
-2.96%
24h change
-3.02%
7-day change
-7.29%
30-day change

Platinum (Spot platinum) was 1,490.45 USD/oz on 14 November 2026, according to MetalpriceAPI data. That is down 7.29% since 15 Oct 2026.

Platinum price facts and sources
Price1,490.45 USD/oz
As of14 November 2026
Type of figureMarket price, live data updated daily
What it measuresSpot platinum
SourceMetalpriceAPI market data
Change since 15 Oct 2026-7.29%
UnitUSD/oz (US dollars per troy ounce)

Indicative only, not a contract price. How MetalsPlace sources its prices

30-Day Price Trend
About Platinum

Platinum is a rare precious metal primarily used in automotive catalysts (catalytic converters) for diesel vehicles and in jewellery. Over 70% of primary platinum comes from South Africa.

Common Grades & Types
Platinum Sponge/Powder (99.95%)
Primary refinery output, the trading benchmark.
Auto-catalyst Scrap
Spent catalytic converters, the primary platinum recycling stream.
Jewellery Scrap
Recycled platinum jewellery, typically 950 or 900 fineness.
Key Applications
  • Automotive catalytic converters (diesel, ~40% of demand)
  • Jewellery
  • Chemical and petroleum refining catalysts
  • Fuel cell electrodes
  • Electrical contacts
What Drives Platinum Prices
  • 1Diesel vehicle market share (key demand driver)
  • 2South African mine supply and labour disruptions
  • 3Auto catalyst recycling rates
  • 4Hydrogen fuel cell developments
  • 5Palladium/platinum substitution economics
Frequently Asked Questions

Is platinum more valuable than gold?

Not currently. Platinum traded at a significant premium to gold until around 2011. Since then, platinum has generally traded at a discount due to the decline of diesel vehicles and reduced autocatalyst demand.

Historical Prices
Last 30 days — USD/oz
DatePriceDaily Change
Nov 14, 20261,490.45-2.96%
Nov 13, 20261,535.88-0.21%
Nov 12, 20261,539.06-2.31%
Nov 11, 20261,575.41-0.52%
Nov 10, 20261,583.71+1.86%
Nov 9, 20261,554.77+1.12%
Nov 8, 20261,537.48+0.04%
Nov 7, 20261,536.82+1.67%
Nov 6, 20261,511.54-0.36%
Nov 5, 20261,516.93+6.82%
Nov 4, 20261,420.09-0.92%
Nov 3, 20261,433.22-0.50%
Nov 2, 20261,440.40+0.42%
Nov 1, 20261,434.39—
Oct 31, 20261,434.39-2.19%
Oct 30, 20261,466.47-3.78%
Oct 29, 20261,524.13-0.51%
Oct 28, 20261,531.92+1.60%
Oct 27, 20261,507.86-2.84%
Oct 26, 20261,552.00-0.03%
Oct 25, 20261,552.45-0.06%
Oct 24, 20261,553.39-1.45%
Oct 23, 20261,576.29-0.91%
Oct 22, 20261,590.77-3.24%
Oct 21, 20261,643.99-0.36%
Oct 20, 20261,649.97-0.41%
Oct 19, 20261,656.75+1.00%
Oct 17, 20261,640.40+0.06%
Oct 16, 20261,639.46+1.98%
Oct 15, 20261,607.69—
Current Price
1,490.45
USD/oz
24h
-2.96%
7d
-3.02%
30d
-7.29%
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Related Metals
Palladium
999.00
-10.14%
Rhodium
8,203.15
-2.70%
Gold
3,883.22
-6.24%
Silver
48.76
-12.66%
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Prices are indicative and updated daily. Not for use as binding contract prices.