Platinum market chart
Historical benchmark in ZAR per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in ZAR per Kilogram
Live platinum price history in South African Rand (ZAR) per kilogram. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 1000.0000 grams
= 32.150747 troy ounces
Price per kg: —
Platinum price by currency
Fine platinum per kilogram · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Swiss Franc
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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UAE Dirham
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South Korean Won
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Thai Baht
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Malaysian Ringgit
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Indonesian Rupiah
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Philippine Peso
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Vietnamese Dong
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New Zealand Dollar
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (ZAR) |
|---|---|---|
| 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 | — |
What is a Kilogram? Platinum weight, conversions and local use
Definition. The kilogram bar is the workhorse of the Asian wholesale market and the deliverable size on the Shanghai Gold Exchange. One kilogram equals 1000 grams, or 32.15075 troy ounces, which at today's platinum spot price works out to — ZAR.
Where it is used. Refiners, banks and large dealers move metal in 1 kg bars; for silver the standard wholesale unit is a 1 000 oz or 30 kg bar. The unit is the trading standard in wholesale and institutional trade.
Pricing conventions. Kilogram pricing shows the smallest premium of any retail-accessible size, which is why dealers quote it when comparing buy-back offers or valuing an entire holding. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
Good to know. A kilogram equals 32.1507 troy ounces — not 32, a difference worth several hundred currency units at today's gold price.
Platinum price per Kilogram in ZAR — quick conversion table
| Quantity | Grams | Troy ounces | Value (ZAR) |
|---|---|---|---|
| 1 kilogram | 1,000 g | 32.1507 oz t | — |
| 5 kilograms | 5,000 g | 160.7537 oz t | — |
| 10 kilograms | 10,000 g | 321.5075 oz t | — |
| 100 kilograms | 100,000 g | 3215.0747 oz t | — |
Values are calculated from the live XPT spot price converted into South African Rand and refresh with the price above.
Buying Platinum in South Africa: local market, taxes and premiums
At the live price shown above per kilogram, the price you see here is the international XPT spot price converted into South African Rand. Physical buyers in South Africa pay that reference plus a premium, and local trading is concentrated around Johannesburg, historically the centre of world gold mining. Buyers there generally watch the Rand Refinery price in rand per ounce as the day's reference.
Taxes and duties. South Africa is the leading platinum and palladium producer, but retail investment products in those metals remain thin. 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 ZAR can sit noticeably above the spot value of the same kilogram of metal.
How people usually buy. The common routes in South Africa are SA Mint and Rand Refinery distributors, bank bullion desks, coin dealers and JSE-listed metal ETFs. The products most often quoted locally include Krugerrand, Protea and Natura coins, 1 oz platinum coins.
Local conventions. The Krugerrand, struck at 22 carat with one full ounce of fine gold, is the local standard and trades globally. Before you buy, compare the dealer's asking price per kilogram 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 ZAR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in South Africa can change.
Other Precious Metals in ZAR
Compare prices across different precious metals
About Platinum Price in ZAR
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Kilogram in South African Rand
The current platinum price per kilogram in South African Rand (ZAR) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum in South Africa, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in kilograms, which may be more practical for local transactions.
The kilogram is the base unit of mass in the International System of Units. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current ZAR Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for South Africa investors tracking platinum in ZAR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in ZAR – FAQ
How much does one ounce of platinum cost in ZAR 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/ZAR rate.
What is the current platinum rate in South Africa today?
The current platinum rate in South Africa is the live spot price shown on this page per kilogram. Prices refresh every 5 minutes and follow the international Platinum spot price converted to South African Rand.
How much is 1 kilogram of platinum in ZAR?
1 kilogram 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 ZAR exchange rate (1 kilogram = 1000 grams).
How is the platinum price per kilogram calculated?
The platinum price per kilogram is calculated by converting the international spot price (quoted per troy ounce in USD) to ZAR using the current exchange rate, then converting to the kilogram weight unit (1 kilogram = 1000 grams).
Do I pay tax or VAT when buying platinum in South Africa?
South Africa is the leading platinum and palladium producer, but retail investment products in those metals remain thin. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per kilogram more than small differences in the ZAR spot quote.
Where do people usually buy platinum in South Africa?
The usual routes are SA Mint and Rand Refinery distributors, bank bullion desks, coin dealers, JSE-listed metal ETFs. Local trading is centred on Johannesburg, historically the centre of world gold mining, and the products most often quoted are Krugerrand, Protea and Natura coins, 1 oz platinum coins.
Why is the shop price of platinum higher than the spot price in ZAR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per kilogram with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the South Africa platinum market follow?
Local buyers generally follow the Rand Refinery price in rand per ounce, converted into South African Rand (ZAR). The Krugerrand, struck at 22 carat with one full ounce of fine gold, is the local standard and trades globally.