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Platinum rose to 1,454.50 USD/t.oz on July 11, 2025, up 3.93% from the previous day. Over the past month, Platinum's price has risen 13.41%, and is up 45.42% 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 July of 2025.

Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.

Platinum prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 588.41 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 January 2025. In January 2025, the average monthly price for platinum worldwide stood at ****** 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).

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.

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

Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% 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 July of 2025.

Palladium rose to 1,287.50 USD/t.oz on July 11, 2025, up 7.07% from the previous day. Over the past month, Palladium's price has risen 21.41%, and is up 34.54% 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 July of 2025.

Graph and download economic data for Import Price Index (Harmonized System): Platinum, Unwrought or in Semimanufactured Forms, or in Powder Form (IP7110) from Dec 2019 to May 2025 about platinum, harmonized, imports, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Miscellaneous Products: Jewelry, Gold and Platinum was 142.49700 Index Dec 2011=100 in May 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 142.87200 in April 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 July of 2025.

Graph and download economic data for Import Price Index (Harmonized System): Silver (Including Silver Plated with Gold or Platinum), Unwrought or in Semimanufactured Forms, or in Powder Form (IP7106) from Dec 2021 to May 2025 about silver, harmonized, imports, price index, indexes, price, and USA.

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

United States - Producer Price Index by Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum was 311.67000 Index Dec 1985=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum reached a record high of 312.48900 in April of 2025 and a record low of 58.70000 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 Industry: Jewelry and Silverware Manufacturing: Jewelry, Gold and Platinum - last updated from the United States Federal Reserve on July of 2025.

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.

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.

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 May 2025 about platinum, gold, harmonized, exports, price index, indexes, price, and USA.

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.

United States - Import Price Index (Harmonized System): Platinum, Unwrought or in Semimanufactured Forms, or in Powder Form was 73.70000 Index Dec 2001=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Import Price Index (Harmonized System): Platinum, Unwrought or in Semimanufactured Forms, or in Powder Form reached a record high of 377.10000 in March of 2008 and a record low of 66.90000 in February of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Import Price Index (Harmonized System): Platinum, Unwrought or in Semimanufactured Forms, or in Powder Form - last updated from the United States Federal Reserve on July of 2025.