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Platinum Price in 2019

In 2019, the price of platinum averaged $862 per troy ounce, down 2.0% from the year before. This page covers the 2019 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2019 Average

$862

LBMA annual average, USD/oz

Change vs 2018

-2.0%

from $880 in 2018

2019 High

$998

from daily trading data

2019 Low

$780

from daily trading data

Year-End Close

$966

last trading day of 2019

What happened to the platinum price in 2019

Platinum averaged $862 per troy ounce in 2019, essentially unchanged from $880 in 2018. Daily trading data shows platinum moved between a low of $780 and a high of $998 during the year, ending 2019 at $966.

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 2019 average of $862 equals about $1,087 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 2019?
Platinum averaged $862 per troy ounce in 2019, based on LBMA annual average data. Daily prices ranged from a low of $780 to a high of $998, and the year closed at $966. That average was down 2.0% from $880 in 2018.
What is a 2019 platinum price worth in today's dollars?
Adjusted with the US Consumer Price Index, platinum's 2019 average of $862 works out to roughly $1,087 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.

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.