Platinum fell to 1,330.20 USD/t.oz on August 13, 2025, down 0.48% from the previous day. Over the past month, Platinum's price has fallen 4.99%, but it is still 44.16% higher than a year ago, 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 August of 2025.

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

Stay informed with real-time charts of international precious metal prices. Monitor spot prices for Platinum in USD, GBP, and EUR. Access live updates here >>

Platinum prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 589.43 USD per troy ounce with a minimum of 78.5 USD per troy ounce in April 1963 and a maximum of 2052.45 USD per troy ounce in May 2008. | TheGlobalEconomy.com

Platinum Prices: 56 years of historical data from 1969 to 2025.

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.

Rhodium traded flat at 7,500 USD/t oz. on August 15, 2025. Over the past month, Rhodium's price has risen 29.87%, and is up 57.89% 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 August of 2025.

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

Palladium fell to 1,120 USD/t.oz on August 14, 2025, down 0.75% from the previous day. Over the past month, Palladium's price has fallen 9.90%, but it is still 20.49% higher than a year ago, 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 August of 2025.

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.

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Platinum Market Size 2025-2029

The platinum market size is forecast to increase by USD 1.88 billion at a CAGR of 4.5% between 2024 and 2029.

The market witnesses significant growth, driven primarily by the increasing demand for platinum in various industries, with the automobile sector being a key contributor. The automobile industry's focus on reducing emissions and improving fuel efficiency has led to a wave in the adoption of platinum in exhaust systems. However, the market's growth is tempered by the energy-intensive processing of platinum, which increases production costs. Furthermore, regulatory hurdles impact adoption, as stringent environmental regulations limit the use of platinum in certain applications. In the automotive sector, the rising usage of platinum in catalytic converters and other automotive parts and components is driving market growth.
Supply chain inconsistencies also pose a challenge, as the majority of the world's platinum supply comes from South Africa, which is prone to political instability and labor disputes. Companies seeking to capitalize on market opportunities must focus on optimizing production processes and exploring alternative sources of platinum to mitigate these challenges and maintain a competitive edge.

What will be the Size of the Platinum Market during the forecast period?

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Platinum, a rare precious metal in the platinum group, plays a crucial role in various industries, including jewelry and electronics. The jewelry segment accounts for approximately 25% of global platinum demand, while element's application in electronic equipment and catalytic converters drives significant growth. Spanish explorers discovered platinum over five centuries ago, but its modern uses are more diverse. Catalytic converters, a major application, consume around 40% of the world's platinum supply. Regulatory authorities' stricter emission regulations have boosted demand for platinum in this sector. The automotive industry's shift towards electric vehicles may impact the demand for platinum in catalytic converters. The market is a significant component of the market, which also includes palladium, rhodium, and other rare precious metals.
Meanwhile, the chemical sector and fuel cells are emerging applications, with millions of ounces of platinum used in catalysts. Joint ventures and recycling facilities are essential in the circular economy, as platinum can be recovered and reused. The market faces production halts due to unforeseen circumstances, affecting product prices. Platinum's price volatility is influenced by supply and demand dynamics, as well as source insights from South Africa, the world's largest producer. Silver and gold, platinum's sister precious metals, also impact the market, with their prices influencing platinum's price trend. The platinum group metals' application insights extend to the exhaust systems of gasoline engines and the chemical sector's catalysts.
In the face of regulatory pressures and evolving market trends, the market continues to adapt, offering opportunities for businesses to explore.

How is this Platinum Industry segmented?

The platinum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Automotive
  Jewelry
  Industrial
  Investment


Source

  Primary
  Secondary


Form Factor

  Platinum bars
  Platinum coins


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

The automotive segment is estimated to witness significant growth during the forecast period. Platinum, a precious metal, plays a pivotal role in various industries, most notably in the automotive sector. In this context, the hydrogen fuel segment is a significant consumer, as platinum is a key component in hydrogen fuel cells. Meanwhile, in the automotive exhaust segment, platinum is employed in catalytic converters to minimize pollutant emissions, including carbon dioxide and harmful nitrogen oxides. The chemical sector utilizes platinum in catalysts for various processes, while the semiconductor industry relies on it for producing oxygen sensors. In the jewelry segment, platinum is valued for its white, lustrous appearance and durability. The construction sector employs platinum in catalysts for improving fuel efficiency and reducing exhaust emissions in diesel engines. The market is driven by strong demand from various sectors, including the automotive industry and the chemical sector. In recent years, the automotive sector has witnessed a rise in demand due to the increasing adoption of electric vehicles, hybrid vehicles,

Index Time Series for Sprott Physical Platinum and Palladium Trust. The frequency of the observation is daily. Moving average series are also typically included. Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** U.S. dollars. Precious metals Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At ***** tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank. Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some **** million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals. In 2023, Silver prices are expected to settle at around **** U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Impala Platinum stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

South Africa Platinum Price: Rand data was reported at 11,251.710 ZAR in Aug 2018. This records an increase from the previous number of 11,185.150 ZAR for Jul 2018. South Africa Platinum Price: Rand data is updated monthly, averaging 5,989.460 ZAR from Sep 1992 (Median) to Aug 2018, with 312 observations. The data reached an all-time high of 16,274.280 ZAR in Mar 2008 and a record low of 1,009.120 ZAR in Sep 1992. South Africa Platinum Price: Rand 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.

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.

The Global Precious metals Market size is expected to grow at a CAGR of 5.6% during the forecast period by 2028. The growth can be attributed to industrial applications such as jewelry and medical devices which are anticipated to increase demand for gold and silver medal, respectively over the forecast period.

Precious metals are a group of elements that have been used for centuries to create some of the most beautiful and highest quality objects in history. Gold, silver, platinum, and palladium are precious metals while copper is not typically categorized as a precious metal because it is so abundant on earth. The beauty of precious metals is not their only value. They are also used in applications that range from industry to financial services and even consumer goods such as jewelry.

On the basis of Type, the market is segmented into Gold, Silver Metal, Platinum Group Metals.

Gold:

Gold is a chemical element with the symbol Au and an atomic number of 79. It has been a highly sought-after precious metal for coinage, jewelry, and other arts since the beginning of recorded history. The metal occurs as nuggets or grains in rocks, underground veins, and in alluvial deposits. Gold is dense, soft, shiny and the most malleable and ductile pure metal known to man which means it can be beaten into thin sheets (0.0000001 mm) but not dissolved by any acid.

Silver Metal:

The term ‘silver metal’ is used to refer to the silver-rich alloy of metals. The alloys are also known as Ag or sterling, which has high purity and includes copper, nickel, zinc, etc. Silver metal is increasingly preferred over other precious metals due to its low cost in comparison with gold and platinum group metals (PGM).

Platinum Group Metals:

Platinum Group Metals are a group of metals that have been traditionally used in the industry, but lately, they have become popular for other applications as well. The main features of Platinum Group Metals are that they can be worked into almost any shape or form and their price remains stable even when the market becomes very volatile.

On the basis of Application, the market is segmented into Industry, Consumer Sector, Financial Sector.

Industry:

In the industry sector, precious metals are used in many different aspects of production. This includes anything from electronics to car manufacturing and even healthcare applications. A lot of technology devices require these materials for their construction, most notably smartphones. Smartphone manufacturers use gold foils on circuit boards due to their low electrical resistance properties that help with signal transmission between components.

Consumer Sector:

Precious metals are used in various consumer electronics. The use of gold, silver, and platinum for manufacturing electronic equipment has increased due to the increasing penetration of smartphones, tablets, etc., which have grown rapidly over the past decade or so. The consumer sector is expected to be the largest market for precious metals, and this trend will continue over the forecast period.

Financial Sector:

Gold and silver are used in a range of financial products, from coins to bars. Gold has been held as an asset for thousands of years because it is scarce, durable, liquid, and does not need any other material to produce jewelry or be shaped into ornaments. Silver's physical characteristics have also resulted in its widespread use in industry: being highly conductive means that silver metal dramatically lowers energy costs when compared with traditional materials such as a copper wire.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American market is expected to account for the largest share, due to its increasing demand from several end-use industries. The U.S., which contributes a major share of this region’s revenue, has been witnessing an upsurge in public and private investment opportunities across different sectors such as the oil & gas exploration and the construction industry. This trend is likely to boost the availability of raw materials required by downstream segments including Gold Jewelry manufacturer companies, thereby driving growth over the next few years. The Latin American market is estimated to be the fastest-growing during the forecast period. The Asia Pacific will witness significant growth due to factors such as developments in the mining industr

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Northam Platinum stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

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