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Platinum

Platinum Price Per Ounce Today

Track the live platinum spot price per troy ounce in USD. Real-time XPT/USD data from COMEX with interactive charts updated every minute.

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Understanding the Platinum Spot Price

The platinum spot price per ounce is quoted as XPT/USD, with futures trading on COMEX under the symbol PL (50 troy ounces per contract). Despite being 15-20 times rarer than gold, platinum currently trades at a discount due to reduced diesel demand and lower investment interest compared to gold.

  • COMEX platinum futures (PL) represent 50 troy ounces per contract
  • LBMA daily benchmark set by the London Platinum & Palladium Market
  • About 70% of supply comes from South Africa's Bushveld Complex
  • Emerging hydrogen fuel cell demand could become a major new price driver

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Frequently Asked Questions

What is the platinum price per ounce today?
The platinum price per troy ounce changes continuously during market hours. Visit our live platinum chart for real-time XPT/USD prices updated every minute from COMEX spot data.
Why is platinum cheaper than gold?
Platinum trades below gold primarily because diesel vehicle demand declined after Dieselgate (2015), gold benefits from far greater investment and central bank demand, and platinum ETF holdings are a fraction of gold ETFs. Despite being rarer, platinum's industrial demand profile limits its price ceiling.
What drives platinum prices?
Platinum prices are driven by automotive demand (diesel catalytic converters), jewelry demand (especially in Japan and China), investment flows, South African mine supply, electricity availability from Eskom, and growing hydrogen fuel cell demand.
Where is platinum mined?
About 70% of platinum comes from South Africa's Bushveld Complex. Russia (Norilsk Nickel) produces about 12%, Zimbabwe about 8%, and North America (Stillwater in Montana) supplies most of the remainder.