Platinum rose to 1,662.40 USD/t.oz on October 8, 2025, up 1.76% from the previous day. Over the past month, Platinum's price has risen 21.15%, and is up 74.64% 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 October of 2025.

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 , September, 2025 For that commodity indicator, we provide data from January 1960 to September 2025. The average value during that period was 591.46 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

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.

View monthly updates and historical trends for Platinum Price. from United Kingdom. Source: World Bank. Track economic data with YCharts analytics.

Platinum Prices - Historical chart and current data through 2025.

Rhodium traded flat at 7,075 USD/t oz. on October 3, 2025. Over the past month, Rhodium's price has fallen 2.08%, but it is still 49.74% higher than a year ago, 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 October of 2025.

Palladium rose to 1,430.50 USD/t.oz on October 8, 2025, up 5.26% from the previous day. Over the past month, Palladium's price has risen 24.01%, and is up 38.41% 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 October of 2025.

View monthly updates and historical trends for Platinum Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

In 2023, the highest price among the platinum group metals (PGM) in the United States was rhodium at ***** U.S. dollars per ounce. Ruthenium had the lowest PGM price in the U.S. at that time, at ****** U.S. dollars per troy ounce.

This dataset contains the predicted prices of the asset Gram Platinum over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

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

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

This statistic displays the average annual price of platinum worldwide by major currencies in 2013 and 2014. In 2013, the average price of platinum reached 4,695 Yen per gram. Platinum is one of the least reactive metals in the world and is highly resistant to corrosion. It is often used as a catalyst or as a precious metal.

Graph and download economic data for Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum (WPU15940222) from Dec 2011 to Aug 2025 about platinum, jewelry, miscellaneous, gold, commodities, PPI, inflation, price index, indexes, price, and USA.

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

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 2024, the Indian platinum market increased by 37% to $266B, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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Platinum Market Size 2025-2029

The platinum market size is valued to increase USD 1.88 billion, at a CAGR of 4.5% from 2024 to 2029. Growing demand for platinum in various industries will drive the platinum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By End-user - Automotive segment was valued at USD 2.71 billion in 2023
By Source - Primary segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 39.16 million
Market Future Opportunities: USD 1883.30 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a dynamic and evolving entity, driven by the increasing demand for this precious metal in various industries. One of the primary sectors fueling this growth is the automobile industry, where platinum is extensively used in exhaust systems to reduce emissions. The energy-intensive processing of platinum further underscores its value and demand. According to recent reports, the automotive sector accounts for approximately 40% of global platinum demand. As regulatory pressures mount to reduce emissions and improve fuel efficiency, the demand for platinum in catalytic converters is expected to continue growing.
However, challenges such as price volatility and the availability of alternative materials pose significant obstacles to market expansion. Despite these hurdles, the market presents numerous opportunities for innovation and growth, particularly in the development of cost-effective and sustainable platinum alternatives.

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

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How is the Platinum Market 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, particularly in the automotive sector, where it contributes to reducing emissions of harmful gases like CO2 and NO2 through catalytic conversion. In addition to automotive catalysts, platinum finds extensive use in other automobile components, such as antilock braking systems, airbag initiators, and spark plugs. The demand for platinum in automobiles is propelled by stringent regulations aimed at minimizing emissions and enhancing fuel efficiency. Moreover, the application scope of platinum extends beyond automobiles. In agriculture, platinum-based products offer numerous benefits, including improved nutrient uptake efficiency, enhanced nutrient delivery, and water use efficiency.

These benefits are crucial for crop resilience factors, such as stress tolerance mechanisms, biotic stress resistance, and photosynthesis stimulation. Platinum's role in agriculture also includes the promotion of beneficial microorganisms, integrated pest management, and soil health indicators like soil microbial diversity and soil enzyme activity. The market for platinum in agriculture is experiencing significant growth. According to recent reports, the market is projected to increase by 15%, with a similar growth rate expected in the near future. This expansion is driven by the increasing adoption of sustainable agriculture practices, such as precision agriculture technology, which relies on platinum for enhanced root development enhancement and crop quality attributes.

Furthermore, platinum's role in improving fertilizer use efficiency and potassium availability has garnered significant attention, leading to a 20% increase in demand for platinum-based products in the agricultural sector. Platinum's potential in carbon sequestration is another promising application, with estimates suggesting that platinum-based products could sequester up to 10% of global CO2 emissions. This development aligns with the growing focus on reducing greenhouse gas emissions and mitigating climate change. Additionally, platinum's ability to stimulate plant growth through plant hormone modulation and phosphorus solubilization contributes to plant biomass accumulation and plant disease resistance. In conclusion, the market for platinum in various industries, particularly in automobiles and agriculture, is witnessing continuous growth and innovation.