Platinum Price in 1997

In 1997, the price of platinum averaged $395 per troy ounce, down 0.5% from the year before. This page covers the 1997 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

1997 Average

$395

LBMA annual average, USD/oz

Change vs 1996

-0.5%

from $397 in 1996

What happened to the platinum price in 1997

Platinum averaged $395 per troy ounce in 1997, essentially unchanged from $397 in 1996. The notable development of 1997: Asian crisis.

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 1997 average of $395 equals about $793 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 1997?

Platinum averaged $395 per troy ounce in 1997, based on LBMA annual average data. That average was down 0.5% from $397 in 1996.

What is a 1997 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 1997 average of $395 works out to roughly $793 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 1997?

The defining story of 1997: Asian crisis. Against that backdrop, the annual average fell 0.5%, from $397 in 1996 to $395.

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.