Platinum fell to 1,646.20 USD/t.oz on December 2, 2025, down 0.99% from the previous day. Over the past month, Platinum's price has risen 5.18%, and is up 73.12% 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 December 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 >>

Continuously updated Monex bid/ask prices for Platinum spot and common bullion products.

Platinum futures contracts to be settled in January 2024 were trading on U.S. markets at ***** U.S. dollars per troy ounce on June 20, 2024. This is slightly above the price of ***** U.S. dollars per troy ounce for contracts to be settled in May 2024, indicating that platinum traders expect the price of platinum to increase a little over the next year. Platinum futures are contracts that effectively lock in a price for an amount of platinum to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

The average platinum import price stood at $32.2M per ton in May 2025, surging by 2.5% against the previous month.

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.

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.

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

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.

Monthly and long-term platinum price data (US$/toz): historical series and analyst forecasts curated by FocusEconomics.

During the second quarter (Q2) of 2025, the London Metal Exchange (LME) platinum price amounted to 1,070 U.S. dollars per metric ton worldwide. Between Q4 2022 and Q2 2025, the highest price of platinum was recorded in Q2 2025.

Graph and download economic data for Import Price Index (SITC): Silver, platinum and other platinum group metals (DISCONTINUED) (IM681) from Jan 1995 to Dec 2005 about platinum, silver, imports, metals, price index, indexes, price, and USA.

Graph and download economic data for Export Price Index (Harmonized System): Gold (Including Gold Plated with Platinum) Unwrought or in Semimanufactured Forms, or in Powder Form (ID7108) from Dec 2001 to Aug 2025 about platinum, gold, harmonized, exports, price index, indexes, price, and USA.

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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.

United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum was 147.36400 Index Dec 2011=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum reached a record high of 147.54100 in July of 2025 and a record low of 90.40000 in April of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum - last updated from the United States Federal Reserve on November of 2025.

United States EP: PS: Gold incl Gold Plated with Platinum data was reported at 113.300 Dec2001=100 in Mar 2025. This records an increase from the previous number of 110.600 Dec2001=100 for Feb 2025. United States EP: PS: Gold incl Gold Plated with Platinum data is updated monthly, averaging 56.800 Dec2001=100 from Dec 2001 (Median) to Mar 2025, with 280 observations. The data reached an all-time high of 201.500 Dec2001=100 in Apr 2006 and a record low of 22.200 Dec2001=100 in Nov 2006. 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.

United States 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. United States 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. United States 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.

Graph and download economic data for Export Price Index (Harmonized System): Platinum, unwrought, semimanufactured or in powder form (DISCONTINUED) (ID7110) from Dec 2009 to Dec 2010 about platinum, harmonized, exports, price index, indexes, price, and USA.

This statistic depicts the average annual prices for platinum from 2014 through 2026*. In 2024, the average price for platinum stood at *** nominal U.S. dollars per troy ounce.

United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry (Gold and Platinum) and Silverware was 348.02500 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry (Gold and Platinum) and Silverware reached a record high of 348.44300 in July of 2025 and a record low of 57.30000 in December of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry (Gold and Platinum) and Silverware - last updated from the United States Federal Reserve on November of 2025.