Platinum Price in 1987
In 1987, the price of platinum averaged $553 per troy ounce, up 19.9% from the year before. This page covers the 1987 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1987 Average
$553
LBMA annual average, USD/oz
Change vs 1986
+19.9%
from $461 in 1986
What happened to the platinum price in 1987
Platinum averaged $553 per troy ounce in 1987, climbing 19.9% from the $461 average of 1986. The notable development of 1987: Auto catalyst demand grows.
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 1987 average of $553 equals about $1,569 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 1987?
What is a 1987 platinum price worth in today's dollars?
What moved the platinum price in 1987?
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.