Platinum Price in 2018
In 2018, the price of platinum averaged $880 per troy ounce, down 7.2% from the year before. This page covers the 2018 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
2018 Average
$880
LBMA annual average, USD/oz
Change vs 2017
-7.2%
from $948 in 2017
2018 High
$1,029
from daily trading data
2018 Low
$756
from daily trading data
Year-End Close
$796
last trading day of 2018
What happened to the platinum price in 2018
Platinum averaged $880 per troy ounce in 2018, down 7.2% from $948 the year before. Daily trading data shows platinum moved between a low of $756 and a high of $1,029 during the year, ending 2018 at $796. The notable development of 2018: EV adoption accelerates; platinum suffers.
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 2018 average of $880 equals about $1,130 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 2018?
What is a 2018 platinum price worth in today's dollars?
What moved the platinum price in 2018?
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.