Platinum Price in 2025
In 2025, the price of platinum averaged $1,286 per troy ounce, up 34.8% from the year before. This page covers the 2025 average, high, low, and year-end close, and the events that moved the market.
2025 Average
$1,286
Mean of daily closes, USD/oz
Change vs 2024
+34.8%
from $954 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
Platinum Price Chart, 2005 to 2025
What happened to the platinum price in 2025
Platinum averaged $1,286 per troy ounce in 2025, climbing 34.8% from the $954 average of 2024. 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 defining story 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.
Data note: Mean of 258 daily spot closes in MetalCharts data, used until the published LBMA and Johnson Matthey average is confirmed.
Frequently Asked Questions
What was the price of platinum in 2025?
What moved the platinum price in 2025?
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. The 2025 average is the mean of MetalCharts daily spot closes, pending the published figure.