41.6% below the all-time high of $2,811.00 (Jan 2026)
As of 12:27 AM ET on October 16, 2026, the spot price of platinum is $1,642.80 per troy ounce, $52.82 per gram and $52,817 per kilogram, up 1.44% from the last LBMA fix.
Platinum price per gram, ounce and kilo
Spot converted to the weight units used by jewelers, refiners and international markets. Retail prices add a premium.
| Unit | Grams | Platinum price |
|---|---|---|
| Troy ounce ozt | 31.103 | $1,642.80 |
| Gram g | 1 | $52.82 |
| Kilogram kg | 1,000 | $52,817 |
| Pennyweight dwt | 1.555 | $82.14 |
| Tola tola | 11.664 | $616.05 |
| Ounce (avdp) oz | 28.35 | $1,497.34 |
Platinum price by purity
What the platinum content of an item is worth at each purity. Scrap buyers pay a percentage of these figures.
| Purity | Fine | Per gram | Per troy oz |
|---|---|---|---|
| .9995 finebullion coins and bars | 100.0% | $52.79 | $1,641.98 |
| Pt950most platinum jewelry | 95.0% | $50.18 | $1,560.66 |
| Pt900older and Japanese jewelry | 90.0% | $47.54 | $1,478.52 |
| Pt850chains and findings | 85.0% | $44.89 | $1,396.38 |
Where the platinum price stands
- 1-year change
- -2.9%
- 52-week range
- $1,522.00 – $2,811.00
- All-time high · 2026-01-26
- $2,811.00
- 5 years ago (2021)
- $1,049.00 · 1.6×
- 10 years ago (2016)
- $933.00 · 1.8×
- 25 years ago (2001)
- $452.00 · 3.6×
Other precious metals
What is the platinum spot price?
Platinum is roughly thirty times rarer than gold in the earth’s crust, yet it has traded below gold for most of the past decade because about 40% of demand comes from automotive catalysts and the market is small enough that supply shocks in South Africa dominate the price.
Jewelry platinum is alloyed at 95% or 90% purity (stamped Pt950 or Pt900), so the purity table below converts spot into what a piece is actually worth. Bullion coins such as the American Platinum Eagle are .9995 fine.
Spot and per-unit prices come from Metals.dev, dealer bid and ask from Texas Precious Metals, and history from daily fixes back to 1990.
Best value platinum at Texas Precious Metals
Compare all →
1 oz Platinum Bar $1,759.60/ oz of platinum Best value
1 oz Valcambi Platinum Bar $1,774.60/ oz of platinum +$15.00/oz vs best
Canadian Platinum Maple Leaf $1,834.60/ oz of platinum +$75.00/oz vs best
American Platinum Eagle Coin $1,904.60/ oz of platinum +$145.00/oz vs bestPrice per ounce of pure metal at Texas Precious Metals (ACH/wire price), 12:23 AM ET.
Platinum calculators
Platinum price questions
What is the price of platinum today?
The live spot price per troy ounce is at the top of this page with its change since the last fix and the time it was updated.
Why is platinum cheaper than gold?
Demand is concentrated in car catalysts, which diesel’s decline has reduced, while investment demand is a fraction of gold’s. Rarity alone does not set the price; the balance of supply and demand does.
What do Pt950 and Pt900 mean?
They are purity stamps in parts per thousand: 95% and 90% platinum, the rest usually iridium, ruthenium or cobalt for hardness.
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Spot prices via Metals.dev; dealer bid and ask via Texas Precious Metals; history from daily LBMA fixes. Indicative market data, not an offer to buy or sell, and not investment advice.