Platinum Price in 2006

In 2006, the price of platinum averaged $1,142 per troy ounce, up 27.3% from the year before. This page covers the 2006 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2006 Average

$1,142

LBMA annual average, USD/oz

Change vs 2005

+27.3%

from $897 in 2005

2006 High

$1,418

from daily trading data

2006 Low

$967

from daily trading data

Year-End Close

$1,129

last trading day of 2006

What happened to the platinum price in 2006

Platinum averaged $1,142 per troy ounce in 2006, climbing 27.3% from the $897 average of 2005. Daily trading data shows platinum moved between a low of $967 and a high of $1,418 during the year, ending 2006 at $1,129. The notable development of 2006: Eskom power concerns begin.

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 2006 average of $1,142 equals about $1,826 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 2006?

Platinum averaged $1,142 per troy ounce in 2006, based on LBMA annual average data. Daily prices ranged from a low of $967 to a high of $1,418, and the year closed at $1,129. That average was up 27.3% from $897 in 2005.

What is a 2006 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 2006 average of $1,142 works out to roughly $1,826 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 2006?

The defining story of 2006: Eskom power concerns begin. Against that backdrop, the annual average climbed 27.3%, from $897 in 2005 to $1,142.

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.