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

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.

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.

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 >>

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.

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).

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.

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.

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.

This statistic depicts the average annual prices for platinum from 2014 through 2026*. In 2023, the average price for platinum stood at 1,100 nominal U.S. dollars per troy ounce.

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.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 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 8,100 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 five 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 23.5 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 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

The average price for rhodium in 2023 was roughly 6,660 U.S. dollars per troy ounce, marking a decrease of almost 9,000 U.S. dollars per ounce in price compared to the previous year. Rhodium is a noble metal and a platinum group metal. The main use of rhodium is as an autocatalyst.

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

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.

Lithium traded flat at 60,200 CNY/T on June 6, 2025. Over the past month, Lithium's price has fallen 9.68%, and is down 40.69% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on June of 2025.

In May 2023, the Platinum price in South Africa was $33.7M per ton (FOB), marking an 11% growth compared to the previous month.

Impala Platinum Holdings net worth as of May 09, 2025 is $5.99B. Interactive chart of historical net worth (market cap) for Impala Platinum Holdings (IMPUY) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding.

Description All values are given in USD unless otherwise stated Long Tharisa Tharisa is a low cost producer of chrome and platinum group metals (PGM), dual-listed on the LSE and JSE. The Tharisa mine is quite rare given that it is an open pit PGM group metals mine. Around 70% of all the platinum mined in the world comes out of South Africa, roughly 10% from Russia (Norilsk mostly), some 6% from Zimbabwe and the token rest in different countries, and almost all of it mined in deep underground mines. There are a few other open pit PGM mines, like Mogalakwena, and these mines are also located on the lower half of the global cost curve. Most of the other mines are deep underground mines, making it quite expensive to mine. The Tharisa mine is different by being a high strip ratio open pit mine. While mining the open pit for PGM metals, they also remove a thick zone rich in chrome ore. This makes the mine both a significant chrome and PGM producer, since both ores are extracted and processed. This broadens the mine’s mined commodities and commodity exposure. Many of the underground mines in South Africa don’t have this advantage since they only mine the PGM or Chrome layer (and this is usually done by different companies and in different places). This makes the Tharisa mine a low quartile producer on the global cost curve. The Tharisa mine also has a decent life left of at least 10 years, and very likely many more since there is the option to go underground after this 10 year period. Is Netflix undervalued? Is Netflix a buy? Is Netflix a good investment Is Disney undervalued? Is Disney a buy? Is Disney a good investment While the past 10 years haven’t been great for platinum and other platinum group miners (many have share-prices lower than 10-years ago), this is also somewhat due to the nature of the commodity. PGM’s are used mostly in catalytic converters in ICE vehicles, and the amount of these vehicles on the roads is projected to gradually decline over time. But that decline will be slow since many catalytic converters are used in trucks and other heavy load transport, which has been somewhat more difficult to electrify (mostly due to the energy density of diesel vs batteries). PGM’s do however have an option on possible hydrogen fuel cell adaption, which hasn’t found a wide adoption yet. The other uses of PGM-metals are industrial, electronics and jewelry, with many different allocations depending on which of the 6 PGM metals you consider. Ruthenium and Iridium, 2 members of the PGM group metals, are completely industrial metals. Valuation With net cash of 120 million, a 230 million market capitalization (and thus 110 million EV), when buying Tharisa you are effectively buying a low cost mine at a fraction of its new price or replacement value. This is a company which did 720 million in revenue last year, an EBITDA of 177 million, 83 million in net profit and has been profitable every year for the last 10 years (where many platinum miners made big losses and some even had to restructure). While the share-price has done nothing over the last 10 years besides paying a decent dividend (5% at current share-price and profit levels), the company has grown production slightly every year, and grown equity from 180 million to 780 million. The average price to build a new PGM mine is above 2000 dollars per ounce of production. Using this valuation on Tharisa’s platinum segment alone values it at 320 million USD. The Chrome segment generates 4-500 million in revenues every year which you get for free. Is Google undervalued? Is Google a buy? Is Google a good investment Is Walmart undervalued? Is Walmart a buy? Is Walmart a good investment Karo project The last few years, Tharisa has planned on growing production with the Karo Mine project (through a 75% stake in Karo Mining Holdings), which they acquired in a few parts since 2018 for a total amount of 35 million, largely in Tharisa shares. There is one small red flag, that a big part of the acquisition of Karo was from a related party of the Pouroulis family (largest shareholder in Tharisa). But then again, the values were quite small and I don’t really think anything wrong has been done here. They bought a low cost mine for a fraction of the NPV, granted it was still a greenfield project. The Pouroulis family still has a 25% stake in the mine through the holding from which they sold their majority stake in the mine. Karo is a planned mine in Zimbabwe, again open pit, again lower on the cost curve and with a long mine life (at least 20 years). The overhang of this project is what is keeping the Tharisa share-price low. Expected capex for the project is estimated at around 310 million, of which 130 million has been invested to date. There is a fear in the market that this project is hard to finance for the company, given the recent weakness in PGM prices. Of the remaining 180 million project capex, around 60 million is working capital related. The company...

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