Platinum rose to 1,213 USD/t.oz on June 9, 2025, up 3.47% from the previous day. Over the past month, Platinum's price has risen 24.49%, and is up 24.35% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum - values, historical data, forecasts and news - updated on June of 2025.

Long term dataset of daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.

This statistic depicts the average monthly prices for platinum worldwide from November 2014 through January 2025. In January 2025, the average monthly price for platinum worldwide stood at 949.23 nominal U.S. dollars per troy ounce.

As of May 21, 2025, the average platinum price decreased to around *** U.S. dollars per troy ounce. In 2021, platinum was sold at approximately, **** U.S. dollars per troy ounce, a year-on-year rise of close to ** percent. Platinum is a precious metal commodity which is used in jewelry and autocatalyst manufacturing.

Palladium rose to 1,051.50 USD/t.oz on June 6, 2025, up 5.15% from the previous day. Over the past month, Palladium's price has risen 8.96%, and is up 16.70% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on June of 2025.

South Africa Platinum Price: US Dollar data was reported at 799.270 USD in Aug 2018. This records a decrease from the previous number of 833.530 USD for Jul 2018. South Africa Platinum Price: US Dollar data is updated monthly, averaging 865.075 USD from Sep 1992 (Median) to Aug 2018, with 312 observations. The data reached an all-time high of 2,059.600 USD in May 2008 and a record low of 342.390 USD in Oct 1998. South Africa Platinum Price: US Dollar data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.P002: Platinum Price.

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

United States EP: PS: Gold incl Gold Plated with Platinum data was reported at 113.300 Dec2001=100 in Mar 2025. This records a decrease from the previous number of 990.300 Dec2001=100 for Feb 2025. United States EP: PS: Gold incl Gold Plated with Platinum data is updated monthly, averaging 452.150 Dec2001=100 from Dec 2001 (Median) to Mar 2025, with 280 observations. The data reached an all-time high of 990.300 Dec2001=100 in Feb 2025 and a record low of 99.800 Dec2001=100 in Jan 2002. United States EP: PS: Gold incl Gold Plated with Platinum data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA116: Export Price Index: by Harmonized Index.

Rhodium rose to 5,850 USD/t oz. on June 9, 2025, up 0.86% from the previous day. Over the past month, Rhodium's price has risen 8.84%, and is up 25.81% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on June of 2025.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

IP: PS: Silver incl Silver Plated with Gold or Platinum data was reported at 137.300 Dec2021=100 in Mar 2025. This records a decrease from the previous number of 137.500 Dec2021=100 for Feb 2025. IP: PS: Silver incl Silver Plated with Gold or Platinum data is updated monthly, averaging 105.150 Dec2021=100 from Dec 2021 (Median) to Mar 2025, with 40 observations. The data reached an all-time high of 141.200 Dec2021=100 in Nov 2024 and a record low of 81.000 Dec2021=100 in Sep 2022. IP: PS: Silver incl Silver Plated with Gold or Platinum data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA237: Import Price Index: by Harmonized Index.

Brazil Exports: Price: Transformation Industry: Silver, Platinum and Other Platinum Group Metals data was reported at 563,819.108 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 526,655.735 USD/Ton for 27 Apr 2025. Brazil Exports: Price: Transformation Industry: Silver, Platinum and Other Platinum Group Metals data is updated daily, averaging 395,797.200 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 262 observations. The data reached an all-time high of 16,570,000.000 USD/Ton in 17 Jan 2021 and a record low of 0.000 USD/Ton in 07 Mar 2021. Brazil Exports: Price: Transformation Industry: Silver, Platinum and Other Platinum Group Metals data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA004: Exports: Economic Activity: Product: Price.

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

Interactive chart of historical daily palladium prices back to 1987. The price shown is in U.S. Dollars per troy ounce.

Platinum Jewellery Market Outlook

The global platinum jewellery market size was valued at USD 6.3 billion in 2023 and is projected to reach USD 10.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period. One of the primary growth factors driving this market is the increasing consumer preference for luxury and high-quality jewellery, coupled with the rising disposable incomes and the expanding middle class in developing economies.

Several growth factors contribute to the dynamic expansion of the platinum jewellery market. First, platinum's unique properties, such as its hypoallergenic nature and resistance to tarnish, make it an attractive choice for consumers. These properties ensure that platinum jewellery maintains its lustrous appearance over time, providing long-term value. Additionally, the increasing awareness and appreciation of platinum's rarity and purity have reinforced its perceived value, making it a preferred choice for special occasions like weddings and engagements.

Secondly, the burgeoning middle class in emerging economies, particularly in countries like India and China, has significantly fueled the demand for platinum jewellery. As disposable incomes rise, consumers are increasingly seeking high-quality, luxurious products, and platinum jewellery fits this demand perfectly. The aspirational value associated with platinum further drives its popularity in these regions, where owning premium jewellery is often seen as a status symbol. Moreover, the influence of Western lifestyles and fashion trends has permeated these markets, contributing to the growing affinity for platinum pieces.

Another crucial growth factor is the ongoing innovation and design advancements within the jewellery industry. Jewellery designers and manufacturers are continuously exploring new techniques and creative designs to cater to evolving consumer tastes. The integration of platinum with other precious stones and metals has resulted in unique and appealing jewellery pieces that attract a diverse consumer base. Furthermore, the incorporation of cutting-edge technologies, such as 3D printing and computer-aided design (CAD), has streamlined the production process, enabling more intricate and customized designs. This technological evolution enhances the overall consumer experience, making platinum jewellery even more desirable.

In terms of regional outlook, Asia Pacific holds a significant share in the platinum jewellery market due to the high demand in countries like India, Japan, and China. North America and Europe are also key regions, driven by a well-established market for luxury jewellery and the presence of major jewellery brands. The Middle East & Africa region, although smaller in comparison, is witnessing a growing interest in platinum jewellery, fueled by increasing economic prosperity and the desire for high-end luxury goods. Latin America has shown steady growth, with rising consumer awareness and a growing middle class contributing to the market expansion.

Product Type Analysis

Rings dominate the platinum jewellery market, accounting for the largest share among all product types. Platinum rings, particularly engagement and wedding rings, are highly sought after due to their symbolic significance and timeless appeal. The enduring popularity of platinum rings can be attributed to the metal’s durability and resistance to wear and tear, making it an ideal choice for daily wear. Consumers often choose platinum rings for their special occasions, as the metal’s rarity and elegance embody the everlasting nature of love and commitment. The market for platinum rings is further bolstered by the continuous innovation in ring designs, catering to a wide range of preferences and styles.

Necklaces are another significant segment within the platinum jewellery market. The allure of platinum necklaces lies in their ability to complement both contemporary and traditional attire. Platinum's neutral hue makes it a versatile choice that pairs well with various outfits, enhancing its appeal among fashion-conscious consumers. The market for platinum necklaces is driven by the increasing trend of gifting high-value jewellery for significant milestones and celebrations. Additionally, the rising influence of social media and celebrity endorsements has amplified the desirability of platinum necklaces, with consumers aspiring to emulate their favorite personalities.

Earrings constitute a vital segment, with a steady demand pattern observed across different age groups. Platinum earrings

Spot Price: Gold data was reported at 20,190.000 HKD/Tael in 22 Mar 2024. This records a decrease from the previous number of 20,545.000 HKD/Tael for 21 Mar 2024. Spot Price: Gold data is updated daily, averaging 12,619.000 HKD/Tael from Sep 1996 (Median) to 22 Mar 2024, with 6930 observations. The data reached an all-time high of 20,545.000 HKD/Tael in 21 Mar 2024 and a record low of 8,405.000 HKD/Tael in 13 Jul 2009. Spot Price: Gold data remains active status in CEIC and is reported by South China Morning Post Publishers Limited. The data is categorized under World Trend Plus’s Commodity Market – Table HK.P006: Spot Price: Gold, Platinum and Silver (Discontinued). [COVID-19-IMPACT]

All of the five largest publicly owned produces of platinum have seen significant growth in their share price over recent years, with each company's share price at least doubling between January 2018 and May 2021. The highest gains were seen by South African mining company Impala Platinum, whose share price increased by nearly 600 percent over this time. Most leading platinum miners saw their share price increase by between 400 and 500 percent.

United States Export Value: SITC: FAS: Silver, Platinum & Other Platinum Metals data was reported at 385.799 USD mn in May 2018. This records a decrease from the previous number of 501.315 USD mn for Apr 2018. United States Export Value: SITC: FAS: Silver, Platinum & Other Platinum Metals data is updated monthly, averaging 227.312 USD mn from Jan 1996 (Median) to May 2018, with 269 observations. The data reached an all-time high of 621.292 USD mn in Nov 2006 and a record low of 41.508 USD mn in Nov 1996. United States Export Value: SITC: FAS: Silver, Platinum & Other Platinum Metals data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA014: Trade Statistics: SITC: Exports: FAS.

United States Export Value by Product: Platinum: Waste and Scrap data was reported at 103,000.000 USD th in Aug 2018. This records an increase from the previous number of 41,800.000 USD th for Jul 2018. United States Export Value by Product: Platinum: Waste and Scrap data is updated monthly, averaging 72,750.000 USD th from Jan 2007 (Median) to Aug 2018, with 140 observations. The data reached an all-time high of 278,000.000 USD th in Jun 2008 and a record low of 23,400.000 USD th in Aug 2009. United States Export Value by Product: Platinum: Waste and Scrap data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.WB004: Export Value.