Platinum Price in 2009

In 2009, the price of platinum averaged $1,205 per troy ounce, down 23.3% from the year before. This page covers the 2009 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2009 Average

$1,205

LBMA annual average, USD/oz

Change vs 2008

-23.3%

from $1,572 in 2008

What happened to the platinum price in 2009

Platinum averaged $1,205 per troy ounce in 2009, sliding 23.3% from the $1,572 average of 2008. The notable development of 2009: Post-crisis recovery begins.

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 2009 average of $1,205 equals about $1,811 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 2009?

Platinum averaged $1,205 per troy ounce in 2009, based on LBMA annual average data. That average was down 23.3% from $1,572 in 2008.

What is a 2009 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 2009 average of $1,205 works out to roughly $1,811 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 2009?

The defining story of 2009: Post-crisis recovery begins. Against that backdrop, the annual average fell 23.3%, from $1,572 in 2008 to $1,205.

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.