The platinum to gold ratio is the price of platinum divided by the price of gold.
Platinum/Gold Ratio
Compare the relative value of assets over time
1
XPT
Platinum
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XAU
Gold
Current Ratio
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Period Change
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Compare the ratio of
Numerator
Denominator
Period High
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Period Low
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Period Average
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Period Range
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(High − Low)
Platinum/Gold Ratio
Historical ratio over selected time period
About the Platinum to Gold Ratio
What is the Platinum/Gold ratio?
The platinum-to-gold ratio shows platinum's value relative to gold. Despite annual platinum mine supply running at less than a tenth of gold's, platinum has traded below gold since 2015 due to weaker investment demand.
Why is this ratio important?
A ratio above 1.0 historically indicated strong platinum demand and economic optimism. Some investors view low ratios as a value opportunity for platinum.
Frequently Asked Questions
Why has platinum traded below gold since 2015?
Despite annual platinum mine output running at less than a tenth of gold's, gold benefits from much stronger investment, central bank, and jewelry demand. The decline in diesel vehicle market share also weighed on platinum's primary industrial use case.
Has platinum ever been more expensive than gold?
Yes: for most of recent history before 2015, platinum routinely traded above gold, sometimes by 50% or more. The platinum-gold ratio above 1.0 was the historical norm, not the exception.
