Live Platinum Spot Price Chart

Platinum Spot Prices Platinum Price Today Spot Change
Platinum Price Per Ounce Platinum Price Per Gram Platinum Price Per Kilo $1,044.00 $33.57 $33,565.33 $6.20 $0.20 $199.33
01/28/22 01:00 AM EST Last Update

The precious metals market is always fluctuating. Every second, the price of Platinum either rises or falls in response to the market. This is referred to as the spot prices and relates to how much one raw ounce of a particular metal sells for on the market at a certain moment in time. For your convenience, we have provided charts and tools to help you keep up to date with the spot price of some of our most popular precious metal offerings in real-time. From a microscopic one-hour view to data gathered over the course of a year, our goal is to give you the tools you need to make the most informed investment decisions possible.

Simply navigate to the list below and click on the metal of your choice to access its chart. Then, click on a time period in the chart’s upper section to see its data. You can also scroll over the chart itself to see price points at specific moments.



Embed this on your Website!

Price of Platinum Alerts

Bullion Exchanges makes it easy to stay up to date with any significant market movements in the price of platinum. By setting up Platinum price alerts through your account, you no longer need to carefully monitor the market to get the best deal. Simply sign up for an account with us, and you can set custom alerts to receive automatic e-mail updates when the price of platinum hits your desired level. You can even cater to your alerts to a specific product. These alerts save you time by providing you with the necessary information to improve your profits while reducing your losses. Start making smarter investment decisions now by using our:


  • Platinum Price AlertsOur product price alerts allow you to get instant notifications when specific products hit target prices. For instance, say you want to find out if the Credit Suisse Statue of Liberty Platinum Baris available for your targeted price. By clicking on the “Price Alert” button and selecting the desired price and quantity, you will receive an e-mail message when this product reaches that price.

  • Platinum Market Alerts – You can also customize platinum market alerts to receive a notification when the platinum spot price reaches your set target. Click on the “Market Alert” icon, select “platinum” and set up your notification based on changes in price or percentage. When platinum reaches a high or low according to your settings, you will receive an email alert so that you don’t miss another investment opportunity.

Manage your ‘Alerts’ section by creating your free Bullion Exchanges account or Logging in to your existing account. You will also receive newsletters, daily deal alerts, reward points notifications (when they near expiration) and 500 Bullionaire Bucks just opening a new Bullion Exchanges account today!


How is the platinum price per ounce determined?

Platinum is much rarer than both Gold and Silver. The relatively low platinum supply automatically raises its price to make it one of the more expensive precious metals available to investors. However, platinum prices still do fluctuate, and it is important for potential investors to be aware of these changes. When fluctuation is significant, you don’t want to miss the opportunity to buy low or sell high. So, how much is Platinum per ounce? Several factors influence its price:

  • Automobile Industry – Platinum is an industrial metal. The automobile industry uses more than half of the platinum produced in the world. This is because it is a vital component in car catalytic converters, which refine automobile emissions to make for a cleaner and safer environment. Hence, the automobile industry is one of the most significant factors in determining the price of platinum.

  • Limited Availability – A majority of the world’s platinum comes from two places: South Africa, and Russia. If these countries are involved in any natural disasters or go through any economic turmoil, it will cause serious fluctuations in the price of platinum.

  • Jewelry – Another significant use for platinum is the jewelry industry. With more celebrities patronizing platinum than ever, the world has taken notice of this glistening white metal. It is now prized by jewelry collectors for its resistance to bending, tarnishing, and corrosion. Any alteration in demand for platinum jewelry can directly affect the platinum price.

  • Uses in Medical Field – Platinum is used in laboratory equipment, dentistry equipment, and also has recently found use in treating cancer. Demand for the medical field, as well as various other electrical industries, also plays a significant role in determining the price of platinum per ounce.

What is the platinum spot price? / What does the spot price mean?

The spot price refers to the current price of any precious metal such as the price of silver or the price of gold per troy ounce. The spot price is standard worldwide, as the supply does not change regardless of the country. The stock market records the spot price of platinum and updates on a live basis. The platinum spot price is greatly influenced by the supply and demand of the metal. During times of economic turmoil or political instability, jumps or dips in the spot price can be significant.

Why should I care about platinum spot price?

Platinum prices are volatile, so knowing about the platinum spot price will help you make a better and more informed investment. Bullion Exchanges alerts provide you with email notifications when the spot prices reach significant lows or highs.

Why should I invest in platinum?

Platinum is one of the rarest precious metals available and has gained a lot of popularity in recent years due to its diverse uses in several different industries. There are several factors that make platinum an appealing commodity to investors.

  • There is a huge demand for platinum in the automobile industry. The global growth in manufacturing has escalated the demand for metals such as platinum, hence making platinum a good opportunity for investors in the long term.

  • Flexibility in investing options makes it easy to invest in platinum. One can buy platinum coins and bars, as well as future contracts. ETFs and equity options are also available.

Are platinum prices the same no matter where I live?

Platinum prices per ounce are the same around the globe. For instance, the price of platinum per ounce in the United States will be same as the platinum price in Australia, the U.K., China, India, France, Russia or any other country. This is done to avoid any kind of arbitrage. Dealers and investors can convert the spot price from USD into their own currencies.

Why can’t I buy platinum at the spot price? What is a premium?

When a precious metal like platinum is sold, it has a spot price and a premium. Spot prices are the same all over the world at any given time. When you contact a dealer to make an investment, you will most likely be paying at a premium price, which can be slightly higher than the spot price.

The premium price is a summation of the minting cost, transportation cost, storage cost, and dealer fee, which are added to the spot price. It is the final price you pay for your commodity. This premium or percentage is what helps investors decide on which dealer to buy their precious metals from.

For instance, a PAMP Suisse Platinum Bar or a Platinum American Eagle Coin can have different prices with different dealers. Some offer at a low premium while other dealers offer at a higher premium. This varies according to the supply and demand of the coins and bullion. Bullion Exchanges allows you to buy platinum with minimal premiums, and also delivers it for free right to your doorstep!

Also, at our discretion, we may run deals allowing you to buy Platinum at spot price. Subscribe to our newsletter to stay up to date with these special offers.

What are bid and ask prices?

The bid price of platinum is the current maximum price at which you can sell your platinum. The ask price is the current minimum price at which you can buy platinum.

The difference between the bid and the ask price is the bid-ask spread. If you plan on selling your platinum to a dealer, they will buy it from you at the bid price. Meanwhile, if you plan on buying platinum, the dealer will sell it to you at the ask price. The spread will be the dealer’s profit. The ask price will always be higher than the bid price.

What is the difference between an ounce and a troy ounce when looking at a platinum price chart?

A standard ounce contains 28.349 grams, whereas a troy ounce contains 31.103 grams. This makes 1 troy ounce  2.75 grams more than a standard ounce. Precious metals like gold, silver, and platinum are measured in troy ounces, rather than the standard ounce. This troy ounce measurement is significant to investors buying in bulk. The troy ounce has its origin in the French town of Troyes, and the U.S. Mint adopted it in 1828 for the regulation of coinage.

Why does the price of platinum change so often?

Numerous global factors affect the platinum market, including interest rates, foreign relations, indexes, monetary policy, macroeconomic trends, fiscal policy, and more. For the most up to date news and analysis on precious metals markets, please follow our Blog.

Each dealer may have different procedures when it comes to locking in prices for precious metals. A live price feed that automatically adjusts prices is used by most dealers, which constantly changes until you reach your checkout page. This will freeze your price up until a certain maximum amount of time checkout process, where the system might display an updated price to complete your order.