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Platinum Price in 2000

In 2000, the price of platinum averaged $544 per troy ounce, up 44.3% from the year before. This page covers the 2000 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2000 Average

$544

LBMA annual average, USD/oz

Change vs 1999

+44.3%

from $377 in 1999

What happened to the platinum price in 2000

Platinum averaged $544 per troy ounce in 2000, climbing 44.3% from the $377 average of 1999. The defining story of 2000: European diesel adoption accelerates.

The 2000s were platinum's greatest bull market. Surging European diesel adoption, chronic South African supply problems including the 2008 Eskom power crisis, and heavy speculative buying drove platinum to a record near $2,290 an ounce in March 2008 before the financial crisis crashed it to about $750.

Adjusted for inflation, platinum's 2000 average of $544 equals about $1,018 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 2000?
Platinum averaged $544 per troy ounce in 2000, based on LBMA annual average data. That average was up 44.3% from $377 in 1999.
What is a 2000 platinum price worth in today's dollars?
Adjusted with the US Consumer Price Index, platinum's 2000 average of $544 works out to roughly $1,018 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 2000?
The defining story of 2000: European diesel adoption accelerates. Against that backdrop, the annual average climbed 44.3%, from $377 in 1999 to $544.

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.