Platinum Price in 2005

In 2005, the price of platinum averaged $897 per troy ounce, up 6.0% from the year before. This page covers the 2005 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2005 Average

$897

LBMA annual average, USD/oz

Change vs 2004

+6.0%

from $846 in 2004

2005 High

$1,018

from daily trading data

2005 Low

$840

from daily trading data

Year-End Close

$970

last trading day of 2005

What happened to the platinum price in 2005

Platinum averaged $897 per troy ounce in 2005, up 6.0% from $846 the year before. Daily trading data shows platinum moved between a low of $840 and a high of $1,018 during the year, ending 2005 at $970.

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 2005 average of $897 equals about $1,480 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 2005?

Platinum averaged $897 per troy ounce in 2005, based on LBMA annual average data. Daily prices ranged from a low of $840 to a high of $1,018, and the year closed at $970. That average was up 6.0% from $846 in 2004.

What is a 2005 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 2005 average of $897 works out to roughly $1,480 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.

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.