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Platinum Price in 1982

In 1982, the price of platinum averaged $327 per troy ounce, down 26.7% from the year before. This page covers the 1982 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

1982 Average

$327

LBMA annual average, USD/oz

Change vs 1981

-26.7%

from $446 in 1981

What happened to the platinum price in 1982

Platinum averaged $327 per troy ounce in 1982, sliding 26.7% from the $446 average of 1981. The notable development of 1982: Recession hits auto demand.

The 1980s were volatile for platinum. The metal spiked with the broader 1980 precious-metals mania, then collapsed as recession gutted automotive demand, before recovering late in the decade on South African supply fears and steadily growing catalytic-converter use.

Adjusted for inflation, platinum's 1982 average of $327 equals about $1,092 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 1982?
Platinum averaged $327 per troy ounce in 1982, based on LBMA annual average data. That average was down 26.7% from $446 in 1981.
What is a 1982 platinum price worth in today's dollars?
Adjusted with the US Consumer Price Index, platinum's 1982 average of $327 works out to roughly $1,092 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the platinum price in 1982?
The defining story of 1982: Recession hits auto demand. Against that backdrop, the annual average fell 26.7%, from $446 in 1981 to $327.

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.