Platinum Price in 2001
In 2001, the price of platinum averaged $529 per troy ounce, down 2.8% from the year before. This page covers the 2001 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
2001 Average
$529
LBMA annual average, USD/oz
Change vs 2000
-2.8%
from $544 in 2000
What happened to the platinum price in 2001
Platinum averaged $529 per troy ounce in 2001, down 2.8% from $544 the year before.
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 2001 average of $529 equals about $963 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 2001?
What is a 2001 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.