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Platinum Price in 2025

In 2025, the price of platinum averaged $1,010 per troy ounce, up 2.5% from the year before. This page covers the 2025 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.

2025 Average

$1,010

LBMA annual average, USD/oz

Change vs 2024

+2.5%

from $985 in 2024

2025 High

$2,526

from daily trading data

2025 Low

$863

from daily trading data

Year-End Close

$2,027

last trading day of 2025

What happened to the platinum price in 2025

Platinum averaged $1,010 per troy ounce in 2025, up 2.5% from $985 the year before. Daily trading data shows platinum moved between a low of $863 and a high of $2,526 during the year, ending 2025 at $2,027. The notable development of 2025: Fuel cell + electrolyzer demand grows.

The 2020s reversed platinum's fortunes. After a COVID crash to about $600, a multi-year supply deficit, a lease-rate squeeze, hydrogen-economy optimism, and a wave of Chinese investment demand carried platinum to a new all-time high near $2,920 an ounce in January 2026.

Adjusted for inflation, platinum's 2025 average of $1,010 equals about $1,010 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 2025?
Platinum averaged $1,010 per troy ounce in 2025, based on LBMA annual average data. Daily prices ranged from a low of $863 to a high of $2,526, and the year closed at $2,027. That average was up 2.5% from $985 in 2024.
What is a 2025 platinum price worth in today's dollars?
Adjusted with the US Consumer Price Index, platinum's 2025 average of $1,010 works out to roughly $1,010 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 2025?
The defining story of 2025: Fuel cell + electrolyzer demand grows. Against that backdrop, the annual average climbed 2.5%, from $985 in 2024 to $1,010.

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.