Platinum Price in 1985
In 1985, the price of platinum averaged $291 per troy ounce, down 18.5% from the year before. This page covers the 1985 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1985 Average
$291
LBMA annual average, USD/oz
Change vs 1984
-18.5%
from $357 in 1984
What happened to the platinum price in 1985
Platinum averaged $291 per troy ounce in 1985, sliding 18.5% from the $357 average of 1984.
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 1985 average of $291 equals about $872 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 1985?
What is a 1985 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.