Platinum Price in 2017
In 2017, the price of platinum averaged $948 per troy ounce, down 4.0% from the year before. This page covers the 2017 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
2017 Average
$948
LBMA annual average, USD/oz
Change vs 2016
-4.0%
from $987 in 2016
What happened to the platinum price in 2017
Platinum averaged $948 per troy ounce in 2017, down 4.0% from $987 the year before.
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 2017 average of $948 equals about $1,247 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 2017?
What is a 2017 platinum price worth in today's dollars?
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.