Platinum Price in 2014
In 2014, the price of platinum averaged $1,385 per troy ounce, down 6.9% from the year before. This page covers the 2014 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
2014 Average
$1,385
LBMA annual average, USD/oz
Change vs 2013
-6.9%
from $1,487 in 2013
What happened to the platinum price in 2014
Platinum averaged $1,385 per troy ounce in 2014, down 6.9% from $1,487 the year before. The notable development of 2014: Strike at S.A. mines; slow recovery.
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 2014 average of $1,385 equals about $1,886 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 2014?
What is a 2014 platinum price worth in today's dollars?
What moved the platinum price in 2014?
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.