Platinum Price in 1984
In 1984, the price of platinum averaged $357 per troy ounce, down 15.8% from the year before. This page covers the 1984 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1984 Average
$357
LBMA annual average, USD/oz
Change vs 1983
-15.8%
from $424 in 1983
What happened to the platinum price in 1984
Platinum averaged $357 per troy ounce in 1984, sliding 15.8% from the $424 average of 1983.
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 1984 average of $357 equals about $1,107 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 1984?
What is a 1984 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.