Platinum Price Today — Per Ounce, Gram and Kilo

The table below converts today's platinum spot price in U.S. dollars from the per-troy-ounce quote into other common trading units.

Prices in U.S. dollars, based on the bid price of the global spot market. Tael refers to the Hong Kong tael (37.799 g).

How the Platinum Spot Price Works

The platinum spot price is the U.S.-dollar price of one troy ounce for immediate delivery, set by exchange futures and over-the-counter dealing in centres such as New York, London and Zurich.

The platinum market is thinner than gold or silver, so quotes can move sharply on supply news from the small number of producing regions. Physical platinum bullion — bars and coins, typically 999.5 fine — carries a premium over spot like other precious metals.

What Moves the Platinum Price

Automotive demand. Platinum's largest single use is in catalytic converters, historically concentrated in diesel vehicles. As automakers substitute platinum for more expensive palladium in gasoline engines, that substitution flow has become a price driver in its own right.

Concentrated supply. Around 70% of mined platinum comes from South Africa, so power availability, labor actions and mine economics in one country move the global price in a way true of no other major metal.

Jewelry and investment. Platinum is a major jewelry metal — particularly in Asia — and trades as an investment metal through bars, coins and ETFs. Unusually among precious metals, platinum has spent long periods priced below gold despite a far smaller annual mine supply — a fact that itself drives investor interest.

Platinum Purity and Hallmarks

Platinum jewelry is usually of high purity: common hallmarks are Pt950 (95% platinum) and Pt900 (90%). Investment bullion is typically 999.5 fine. Fineness marks state platinum content in parts per thousand, the same convention used for gold and silver.

The Platinum Value by Purity calculator on this page applies these percentages to the live spot price to estimate the melt value of the pure platinum an item contains.

To value a specific item by its exact weight and purity, use the expanded platinum calculator.

Platinum Price History

Platinum's all-time high came in the March 2008 spike near $2,300 per ounce. Platinum traded above gold for most of the 2000s and below it for most of the years since — the platinum-gold relationship is a story in itself, trackable on the gold price page.

About Platinum

Platinum is one of the rarest major metals — annual mine production is a small fraction of gold’s — and among the densest and most corrosion-resistant, which is why "platinum" became shorthand for a standard above gold. Beyond autocatalysts and jewelry, it’s essential in laboratory equipment, glassmaking, petroleum refining and medical devices. Purity: investment platinum is typically .9995 fine; platinum jewelry is commonly marked 950 (95% pure).

Platinum Market News & Analysis

The platinum price never moves without a reason. Kitco News — the world's largest newsroom dedicated to metals and mining — reports on the forces behind every move, from automotive demand and mine supply to investment flows, with market updates published throughout each trading day. Beyond the headlines, Kitco Opinion carries daily analysis and price forecasts from veteran traders, fund managers and analysts.

Kitco has provided live platinum prices and market coverage since 1977. You can also follow the coverage on the Kitco News YouTube channel, one of the most-watched sources of precious metals interviews and analysis, or on X @KitcoNewsNOW for market updates as they happen.

Platinum Price FAQ

What is the price of platinum today?

As of September 9, 2026, 10:05 p.m. ET, the platinum price is $1,881.00 per troy ounce ($60.48 per gram). The live chart on this page updates continuously through global trading hours.

Why is platinum cheaper than gold?

Rarity alone doesn't set the price: platinum demand is heavily industrial and automotive, so it doesn't attract the same monetary and central-bank demand as gold, and the decline of diesel engines cut into its biggest demand source.

What is platinum used for?

Catalytic converters above all, along with jewelry, industrial catalysts, laboratory equipment, glassmaking, fuel cells and medical devices.

What purity is investment platinum?

Investment platinum is typically .9995 fine; platinum jewelry is commonly marked 950 (95% pure).

Can I see the platinum price in other currencies?

Yes. The currency selector on this page converts the live quote, and a dedicated page tracks the platinum price in Canadian dollars.