Today's platinum rate, explained
Today's platinum spot price is quoted per troy ounce and per gram in USD; live values appear above as market data arrives. Prices are converted from the USD benchmark using current currency rates.
Platinum pricing reflects demand from automotive catalysts, jewellery and industry as well as concentrated mining supply. A 950 platinum hallmark means 95% platinum: compare a buyer's net offer with that metal content rather than with the fine-metal spot quote alone.
Precious metals at a glance
USD / troy ouncePlatinum price chart · USD per troy ounce
Platinum Price Chart (USD)
Live platinum price history in US Dollar (USD). Switch between 24-hour, 7-day, 30-day, and 1-year views.
Performance
Currency comparison weight
Platinum price by currency
Fine platinum per troy ounce · current exchange rates
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Platinum price by weight
| Weight | Grams | Spot value (USD) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
Quick Calculator
Calculate platinum value
= 31.1035 grams
= 1.000001 troy ounces
Price per oz t: —
How the platinum price is calculated
Start with the international USD price for one troy ounce of fine platinum. Divide by 31.1034768 to obtain the price of one gram, then multiply by the current USD exchange rate. Weight conversion changes the amount of metal, not its intrinsic price. A kilogram contains 1,000 grams; a troy ounce is not the 28.35 g ounce used for everyday goods.
At the current quote, 10 grams of fine platinum has a reference value of — USD. A buyer's offer is a separate figure. Deduct stones and non-metal parts before weighing jewellery, apply its tested purity, and ask whether any assay or handling charges are included. A hallmark is useful evidence, but damaged, plated or uncertain pieces should be tested.
Compare quotes taken at the same time and in the same currency. A retail ask includes manufacturing and distribution costs, while a buy-back bid reflects a dealer's margin and ability to resell or refine the item. Exchange rates can change a local price even when the USD metal benchmark is unchanged. These are market references, not guaranteed transaction prices or investment advice.
Buying Platinum in United States: local market, taxes and premiums
At the live price shown above per troy ounce, the price you see here is the international XPT spot price converted into US Dollar. Physical buyers in United States pay that reference plus a premium, and local trading is concentrated around New York and the large national online dealers. Buyers there generally watch the COMEX front-month contract and the LBMA PM auction as the day's reference.
Taxes and duties. Silver, platinum and palladium follow the same state-level rules, and long-term gains on physical metal are taxed as collectibles at up to 28%. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum in USD can sit noticeably above the spot value of the same troy ounce of metal.
How people usually buy. The common routes in United States are APMEX-style online dealers, local coin shops, US Mint authorised purchasers and COMEX futures and ETFs. The products most often quoted locally include American Gold Eagle, American Buffalo, 1 oz Silver Eagle, 10 oz and 1 kg bars.
Local conventions. Prices are quoted per troy ounce; jewellery is sold in karats (14K and 18K dominate) rather than fineness. Before you buy, compare the dealer's asking price per troy ounce with the live platinum price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline USD quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in United States can change.
What Drives Platinum Prices Today
Auto catalytic converters
~40% of platinum demand comes from diesel catalytic converters. EV adoption is a long-term headwind.
Jewelry (especially China & Japan)
Platinum jewelry demand fluctuates with price — when platinum is cheap vs gold, jewelry demand rises.
South African supply
Over 70% of mined platinum comes from South Africa. Power shortages and strikes regularly disrupt supply.
Hydrogen economy
Platinum is essential in PEM fuel cells and hydrogen electrolyzers — a potential new structural demand source.
Platinum-gold ratio
Platinum traded above gold for decades. Since 2015 it has been well below gold — many see this as historically unusual.
How to Invest in Platinum
- ▸Platinum bullion coins (American Eagle, Canadian Maple Leaf, Krugerrand) — physical exposure.
- ▸Platinum bars (1 oz to 1 kg) — lower premiums than coins.
- ▸Platinum ETFs (PPLT, PLTM) — liquid exposure without storage.
- ▸Platinum mining stocks (Anglo American Platinum, Impala, Sibanye-Stillwater) — operational leverage.
- ▸Platinum futures (NYMEX PL) — for sophisticated investors only.
Buying Platinum: What to Know
- ▸Spreads are wider than gold — fewer dealers, less liquidity. Compare quotes carefully.
- ▸Bullion coins are easier to resell than bars in retail quantities.
- ▸Platinum jewelry usually carries large premiums over melt value — not a good investment vehicle.
- ▸Verify hallmarks: 950 Pt = 95% pure (jewelry standard), 999 Pt = bullion grade.
- ▸Consider tax treatment — platinum is treated as a collectible in the US (28% capital gains).
Information on this page is for educational purposes only and is not investment advice. Precious metal prices can be volatile. Always do your own research or consult a licensed financial advisor before investing.
Charts & long-term perspective
Platinum Long-Term Performance
Total % return vs spot price (USD/oz). Reference values are approximate yearly averages.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Precious Metals Performance Comparison
90-day % change (USD), normalized to start
Gold/Silver Ratio
How many ounces of silver equal one ounce of gold. Historical avg ≈ 60.
Prices in local weight units
Tael, tola, baht, chi, don and momme rates converted live from the world spot price.
- Shanghai silver price per tael50 g metric tael, mainland China
- Shanghai gold price per tael50 g metric tael, mainland China
- Hong Kong gold price per tael37.429 g, CGSE standard
- Hong Kong silver price per tael37.429 g, CGSE standard
- Gold price per tola11.6638 g, India & the Gulf
- Gold price per tola in INRIndian rupee rate
- Gold price per tola in AEDDubai rate
- Gold price per baht15.244 g, Thailand
- Gold price per baht in THBThai shop unit
- Taiwan gold price per tael37.5 g, 台兩
- Gold price per chi in VND3.75 g, Vietnam
- Gold price per don in KRW3.75 g, Korea
- Gold price per momme in JPY3.75 g, Japan
- Gold price per pennyweight1.55517 g, US jewellery trade
Platinum price FAQ
How much does one ounce of platinum cost in USD today?
One troy ounce of platinum currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XPT/USD rate.
What is the current platinum rate in United States today?
The current platinum rate in United States is the live spot price shown on this page per troy ounce. Prices refresh every 5 minutes and follow the international Platinum spot price converted to US Dollar.
How much is 1 troy ounce of platinum in USD?
1 troy ounce of platinum equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the USD exchange rate (1 troy ounce = 31.1035 grams).
How is the platinum price per troy ounce calculated?
The platinum price per troy ounce is calculated by converting the international spot price (quoted per troy ounce in USD) to USD using the current exchange rate, then converting to the troy ounce weight unit (1 troy ounce = 31.1035 grams).
What factors affect the platinum price?
Platinum prices are influenced by central bank policies, inflation rates, currency fluctuations, geopolitical tensions, mining supply, industrial demand, and investor sentiment. During economic uncertainty, precious metals often serve as safe-haven assets.
Is platinum a good investment?
Platinum has historically been considered a store of value and hedge against inflation. However, all investments carry risks. Platinum doesn't generate income like stocks or bonds. Investors should consider their financial goals, risk tolerance, and portfolio diversification needs.
How can I buy platinum?
You can buy platinum through various channels: physical bullion (bars and coins) from dealers, gold ETFs on stock exchanges, futures contracts, mining company stocks, or digital gold platforms. Each method has different costs, storage requirements, and liquidity levels.