As of October 19, 2026, the platinum to gold ratio is 0.397, meaning one ounce of platinum buys 0.397 ounces of gold. Platinum trades at $1,645.44 per ounce and gold at $4,143.19 per ounce. Over the past 52 weeks the ratio has ranged from 0.368 to 0.549.
The platinum to gold ratio is the price of platinum divided by the price of gold. At the latest snapshot: $1,645.44 divided by $4,143.19 = 0.397.
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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.
A ratio above 1.0 historically indicated strong platinum demand and economic optimism. Some investors view low ratios as a value opportunity for platinum.