Platinum Price in 1988
In 1988, the price of platinum averaged $522 per troy ounce, down 5.6% from the year before. This page covers the 1988 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
1988 Average
$522
LBMA annual average, USD/oz
Change vs 1987
-5.6%
from $553 in 1987
What happened to the platinum price in 1988
Platinum averaged $522 per troy ounce in 1988, down 5.6% from $553 the year before.
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 1988 average of $522 equals about $1,422 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 1988?
What is a 1988 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.