Platinum Price in 1991

In 1991, the price of platinum averaged $371 per troy ounce, down 20.6% from the year before. This page covers the 1991 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

1991 Average

$371

LBMA annual average, USD/oz

Change vs 1990

-20.6%

from $467 in 1990

What happened to the platinum price in 1991

Platinum averaged $371 per troy ounce in 1991, sliding 20.6% from the $467 average of 1990. The notable development of 1991: Recession; Russian supply floods market.

The 1990s were largely range-bound. Heavy Russian platinum-group sales, the 1997-98 Asian crisis, and subdued investment demand kept platinum mostly between $350 and $430, even as diesel-catalyst demand in Europe began to build.

Adjusted for inflation, platinum's 1991 average of $371 equals about $878 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 1991?

Platinum averaged $371 per troy ounce in 1991, based on LBMA annual average data. That average was down 20.6% from $467 in 1990.

What is a 1991 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 1991 average of $371 works out to roughly $878 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 1991?

The defining story of 1991: Recession; Russian supply floods market. Against that backdrop, the annual average fell 20.6%, from $467 in 1990 to $371.

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.