Platinum Price in 2007

In 2007, the price of platinum averaged $1,303 per troy ounce, up 14.1% from the year before. This page covers the 2007 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2007 Average

$1,303

LBMA annual average, USD/oz

Change vs 2006

+14.1%

from $1,142 in 2006

2007 High

$1,546

from daily trading data

2007 Low

$1,105

from daily trading data

Year-End Close

$1,526

last trading day of 2007

What happened to the platinum price in 2007

Platinum averaged $1,303 per troy ounce in 2007, up 14.1% from $1,142 the year before. Daily trading data shows platinum moved between a low of $1,105 and a high of $1,546 during the year, ending 2007 at $1,526.

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 2007 average of $1,303 equals about $2,026 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 2007?

Platinum averaged $1,303 per troy ounce in 2007, based on LBMA annual average data. Daily prices ranged from a low of $1,105 to a high of $1,546, and the year closed at $1,526. That average was up 14.1% from $1,142 in 2006.

What is a 2007 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 2007 average of $1,303 works out to roughly $2,026 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.