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Platinum rose to 1,416.60 USD/t.oz on September 1, 2025, up 3.89% from the previous day. Over the past month, Platinum's price has risen 6.28%, and is up 53.25% 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 September of 2025.

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 - Historical chart and current data through 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.

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.

Get the latest insights on price movement and trend analysis of Platinum in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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

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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,

In 2024, the rate of loss on platinum investments amounted to approximately 9.38 percent. Platinum is a precious metal that is used to make jewelry, in addition to industrial applications such as autocatalysis, among other uses.

India Exports of base metals, silver or gold, clad with platinum to Sri Lanka was US$478 during 2014, according to the United Nations COMTRADE database on international trade. India Exports of base metals, silver or gold, clad with platinum to Sri Lanka - data, historical chart and statistics - was last updated on July of 2025.

PPI - Gold and Platinum Jewelry - Historical chart and current data through 2025.

The USA: Platinum production in kilograms: The latest value from 2022 is 3000 kilograms, a decline from 4020 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for the USA from 1998 to 2022 is 3780 kilograms. The minimum value, 2920 kilograms, was reached in 1999 while the maximum of 4390 kilograms was recorded in 2002.

The average for 2022 based on 11 countries was 15862 kilograms. The highest value was in South Africa: 124401 kilograms and the lowest value was in Serbia: 15 kilograms. The indicator is available from 1998 to 2022. Below is a chart for all countries where data are available.

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

Finland: Platinum production in kilograms: The latest value from 2022 is 1243 kilograms, a decline from 1447 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for Finland from 1998 to 2022 is 814 kilograms. The minimum value, 265 kilograms, was reached in 2009 while the maximum of 1576 kilograms was recorded in 2018.

In 2022, some 2.22 billion British pounds worth of unwrought or partly worked platinum was exported from the United Kingdom, a decrease of about 16 percent compared to the previous year. The export value of unwrought or partly worked palladium stood at approximately 3.5 billion British pounds in 2022.

Russia: Platinum production in kilograms: The latest value from 2022 is 20000 kilograms, a decline from 21000 kilograms in 2021. In comparison, the world average is 15862 kilograms, based on data from 11 countries. Historically, the average for Russia from 1998 to 2022 is 26713 kilograms. The minimum value, 20000 kilograms, was reached in 2022 while the maximum of 36000 kilograms was recorded in 2001.

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

Poland: Platinum production in kilograms: The latest value from 2012 is 25 kilograms, unchanged from 25 kilograms in 2011. In comparison, the world average is 15076 kilograms, based on data from 12 countries. Historically, the average for Poland from 1998 to 2012 is 22 kilograms. The minimum value, 20 kilograms, was reached in 1998 while the maximum of 25 kilograms was recorded in 2009.