Platinum Price in 2012

In 2012, the price of platinum averaged $1,552 per troy ounce, down 9.8% from the year before. This page covers the 2012 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2012 Average

$1,552

LBMA annual average, USD/oz

Change vs 2011

-9.8%

from $1,721 in 2011

2012 High

$1,736

from daily trading data

2012 Low

$1,380

from daily trading data

Year-End Close

$1,521

last trading day of 2012

What happened to the platinum price in 2012

Platinum averaged $1,552 per troy ounce in 2012, down 9.8% from $1,721 the year before. Daily trading data shows platinum moved between a low of $1,380 and a high of $1,736 during the year, ending 2012 at $1,521. The notable development of 2012: Marikana labor unrest in South Africa.

The 2010s were a lost decade for platinum. A brief post-crisis recovery gave way to structural decline after Volkswagen's 2015 Dieselgate scandal accelerated Europe's move away from diesel, platinum's single largest source of demand, pushing the metal into a persistent discount to gold.

Adjusted for inflation, platinum's 2012 average of $1,552 equals about $2,179 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 2012?

Platinum averaged $1,552 per troy ounce in 2012, based on LBMA annual average data. Daily prices ranged from a low of $1,380 to a high of $1,736, and the year closed at $1,521. That average was down 9.8% from $1,721 in 2011.

What is a 2012 platinum price worth in today's dollars?

Adjusted with the US Consumer Price Index, platinum's 2012 average of $1,552 works out to roughly $2,179 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 2012?

The defining story of 2012: Marikana labor unrest in South Africa. Against that backdrop, the annual average fell 9.8%, from $1,721 in 2011 to $1,552.

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.