• Username (E-mail)
  • Password
Dow 19,827 -0.3%  EStoxx50 3,285 -0.3%  Nikkei 18,814 -1.5%  EUR 1.0708 0.0% 
Nasdaq 5,539 -0.6%  FTSE100 7,220 -1.5%  Yen 112.6980 0.0%  Oil 55.5 -0.4% 
S&P500 2,268 -0.3%  DAX 11,540 -0.1%  GBP 1.2400 0.0%  Gold 1,216 0.0% 

Platinum

Prices + Charts + Real-Time News Show in currency
Snapshot Realtime Price News US-Dollar
Historical Prices Euro

Latest Price Platinum in USD per Troy Ounce

Realtime Quote
976.00 USD -1.00 USD -0.10 %
Trade Time 06:24 PM
01/17/2017 06:24:00 PM UTC-0500
Trade Date 01/17/2017
01/17/2017 06:24:00 PM UTC-0500
Open 975.50 Prev. Close 977.00
Daily Low 975.50 Daily High 976.50
52-week Low 812.00 52-week High 1,195.00

Platinum in USD - Historical Prices

Date Closing Price Open Daily High Daily Low
01/15/2017
01/15/2017 06:00:00 PM UTC-0500
983.00 985.00 990.00 981.25
01/12/2017
01/12/2017 06:00:00 PM UTC-0500
984.00 976.50 987.00 965.25
01/11/2017
01/11/2017 06:00:00 PM UTC-0500
977.50 971.50 990.25 971.50
01/10/2017
01/10/2017 06:00:00 PM UTC-0500
971.25 979.00 982.25 960.75
01/09/2017
01/09/2017 06:00:00 PM UTC-0500
980.50 977.00 981.00 967.00
01/08/2017
01/08/2017 06:00:00 PM UTC-0500
977.00 968.00 981.25 965.75
01/07/2017
01/07/2017 06:00:00 PM UTC-0500
969.50 969.50 969.50 969.50
01/05/2017
01/05/2017 06:00:00 PM UTC-0500
965.50 967.00 970.00 959.00
01/04/2017
01/04/2017 06:00:00 PM UTC-0500
967.00 943.00 975.25 942.00
01/03/2017
01/03/2017 06:00:00 PM UTC-0500
945.25 936.50 950.75 926.50

Platinum

For a long time, platinum was the most expensive of the precious metals and was traded at prices of over 1,000 US dollars per troy ounce. However, it has since been replaced in this position by gold. The high price for platinum can be explained by its rarity, scarce deposits and the complex extraction methods required. One ounce of platinum with the standard purity of 95 per cent is obtained from ten metric tons of ore and requires a refining process of five months.

South Africa is the world’s most important producer of platinum. Pure platinum mines can only be found in South Africa. Apart from this, platinum is only obtained as a by-product during the mining of non-ferrous metals. Other producers of platinum are Canada and Russia.

Because of its chemical properties, platinum is used primarily as an industrial metal. Because of its high boiling point, its ductility and conductivity and its resistance to water, air and many acids, platinum is used primarily to manufacture automotive catalytic converters, in the chemical and electrical industry and in petroleum refineries. Besides the properties already mentioned, platinum in an alloy with iridium is very hard and able to withstand extreme temperatures. The valuable precious metal is also used for jewelry.

Like palladium, platinum was also discovered and used rather late. The chemist Wilhelm Carl Heraeus first succeeded in making platinum usable in 1856 by melting it.

The properties of platinum and palladium are very similar. Therefore, if platinum is in short supply or if the price is too high, it is expected that industry would turn to palladium as a substitute. Only in the jewelry industry, palladium has not been as successful as platinum and is not used as a substitute.

The most important trading venues for platinum are the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market.

Platinum Chart in USD - 1 Year
  • Intraday
  • 1w
  • 3 Mo.
  • 1y
  • 3y
  • 5y
  • Max

Commodities Top Performers

Soybean Meal 348.90 USD
5.95 %
Rice 9.92 USD
4.75 %
Coal 59.65 USD
4.74 %
Lead 2,315.45 USD
4.26 %
EEX Strom Phelix Baseload Year Future 30.45 EUR
3.61 %

Forward Curve Platinum