Platinum Price in 1977
In 1977, the price of platinum averaged $158 per troy ounce, up 3.3% from the year before. This page covers the 1977 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1977 Average
$158
LBMA annual average, USD/oz
Change vs 1976
+3.3%
from $153 in 1976
What happened to the platinum price in 1977
Platinum averaged $158 per troy ounce in 1977, up 3.3% from $153 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 1977 average of $158 equals about $840 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 1977?
What is a 1977 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.