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Platinum

Platinum Price Today

Track the live platinum spot price in USD per troy ounce. Real-time XPT/USD data with interactive charts and historical prices.

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Understanding the Platinum Price

The platinum spot price represents the current market price for immediate delivery of one troy ounce of platinum. Platinum is significantly rarer than gold and has significant industrial applications — particularly in automotive catalytic converters, jewelry, and the emerging hydrogen fuel cell economy.

  • Automotive Industry — Catalytic converters for diesel vehicles are the largest demand source
  • Hydrogen Economy — Platinum is essential for fuel cell technology (PEM electrolyzers)
  • Jewelry Demand — Particularly strong in Japan and China
  • South African Supply — ~70% of global production comes from South Africa
  • Substitution Dynamics — Platinum and palladium can substitute in some applications

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Frequently Asked Questions

What is the platinum price today?
The platinum price changes constantly during market hours. Our live chart above shows the real-time XPT/USD price updated with live market data from COMEX. Platinum is quoted in US dollars per troy ounce.
Why is platinum cheaper than gold?
Despite being 30x rarer than gold, platinum has traded below gold since 2014, primarily due to reduced diesel vehicle demand (cutting catalytic converter use), weaker investment demand compared to gold, and heavy supply concentration in South Africa.
Is platinum a good investment?
Platinum offers unique characteristics: extreme rarity, growing hydrogen fuel cell demand, and a historically low price relative to gold. However, it's more volatile and less liquid than gold. Investment suitability depends on individual goals and risk tolerance.
Where is platinum traded?
Platinum is traded on COMEX (CME Group), the London Platinum and Palladium Market (LPPM), TOCOM in Tokyo, and the Johannesburg Stock Exchange. South Africa produces roughly 70% of global platinum supply.
What is platinum used for?
Platinum's largest use is in catalytic converters for diesel vehicles (about 40% of demand). It is also used in jewelry, petroleum refining, chemical manufacturing, electronics, and medical devices. Emerging demand comes from hydrogen fuel cells (PEM electrolyzers), which could significantly increase consumption.
What is the COMEX platinum inventory?
COMEX platinum inventory is the physical platinum stored in CME Group-approved vaults. It is split into registered (deliverable) and eligible (stored but not registered) categories. MetalCharts tracks daily changes in COMEX platinum stocks.
How rare is platinum compared to gold?
Platinum is approximately 30 times rarer than gold in the Earth's crust. Annual platinum mine production is roughly 190 metric tons compared to about 3,500 metric tons of gold. About 70% of platinum comes from South Africa's Bushveld Complex, making supply vulnerable to disruption.