Precious Metals

Platinum Price Today

Platinum group metal used in catalytic converters and jewelry.

Last updated: June 1, 2026

1,030.49
USD/oz
+0.38%
24h change
+1.56%
7-day change
+2.23%
30-day change
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

Historical Prices
Last 30 days — USD/oz
DatePriceDaily Change
Jun 1, 20261,030.49+0.38%
May 31, 20261,026.54+0.71%
May 30, 20261,019.35+0.40%
May 27, 20261,015.33-0.64%
May 26, 20261,021.90+0.67%
May 25, 20261,015.06+0.28%
May 24, 20261,012.22-0.24%
May 22, 20261,014.70
May 20, 20261,014.71+0.64%
May 19, 20261,008.30+0.51%
May 18, 20261,003.21+0.10%
May 17, 20261,002.20-0.10%
May 16, 20261,003.18-0.61%
May 15, 20261,009.36+0.13%
May 14, 20261,008.09+0.83%
May 13, 2026999.79-0.60%
May 12, 20261,005.87-0.11%
May 10, 20261,007.01-0.41%
May 9, 20261,011.14-0.06%
May 8, 20261,011.70+0.47%
May 7, 20261,006.94-0.81%
May 6, 20261,015.13-0.18%
May 5, 20261,016.94+0.31%
May 4, 20261,013.81+0.62%
May 3, 20261,007.52-0.05%
May 2, 20261,008.02
Current Price
1,030.49
USD/oz
24h
+0.38%
7d
+1.56%
30d
+2.23%
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Prices are indicative and updated daily. Not for use as binding contract prices.