Platinum Price in Australian Dollars (AUD) Today

The Perth Mint, operated by Gold Corporation as a statutory authority of the Western Australian government, is Australia's premier source for platinum bullion products. The Mint produces the Platinum Platypus coin series and various platinum bars, all struck to the highest standards of purity and craftsmanship. Perth Mint platinum products carry strong international recognition and liquidity, making them suitable for both domestic and overseas investors.

Investment-grade platinum with a purity of 99% or higher is exempt from GST in Australia, placing it on equal footing with investment gold and silver. This exemption makes physical platinum accessible without the tax burden seen in jurisdictions like the UK (20% VAT) or the EU (19-21% VAT).

Australian investors also benefit from a 50% capital gains tax discount on platinum held for longer than 12 months, incentivizing a long-term holding strategy.

Australia has modest but notable platinum group metal (PGM) deposits, primarily recovered as byproducts of nickel and copper mining operations. While Australia's PGM output is small compared to South Africa and Russia, deposits in Western Australia and other regions contribute to domestic supply. The country's growing involvement in hydrogen economy initiatives, including green hydrogen production projects, has increased interest in platinum's role as a catalyst in PEM electrolyzers and fuel cells.

Self-managed superannuation funds (SMSFs) hold physical platinum as an investment asset, provided the metal is stored with an approved depository. Platinum ETFs listed on the ASX offer SMSF trustees a simpler way to gain platinum exposure without the complexities of physical storage and custodianship requirements.