Platinum Price in 1975
In 1975, the price of platinum averaged $163 per troy ounce, down 6.9% from the year before. This page covers the 1975 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1975 Average
$163
LBMA annual average, USD/oz
Change vs 1974
-6.9%
from $175 in 1974
What happened to the platinum price in 1975
Platinum averaged $163 per troy ounce in 1975, down 6.9% from $175 the year before.
Platinum spent the 1970s establishing itself as a freely traded precious metal. From about $112 an ounce in 1971 it was carried higher by the decade's two oil shocks, accelerating inflation, and the first wave of automotive catalytic-converter demand after US emissions rules took effect, reaching $445 by 1979.
Adjusted for inflation, platinum's 1975 average of $163 equals about $976 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of platinum in 1975?
What is a 1975 platinum price worth in today's dollars?
Annual averages are LBMA and Johnson Matthey platinum prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.