Platinum Price per Ounce

Platinum Price per Gram in Dollars and Euro, by Fineness

Calculated metal value from the NYMEX settlement price on October 9, 2026 ($1,693.30 per troy ounce; 1 troy ounce = 31.1035 g), converted at EUR/USD 1.1232 from the CME future. Jewelry, bars and coins cost more at a dealer and fetch less when sold, because making charges, minting and dealer margins are not included in these values.

Platinum Supply and Demand

Most mined platinum comes from South Africa, with smaller amounts from Russia, Zimbabwe and North America. A strike or power shortage at South African mines therefore hits supply directly. Demand comes from catalytic converters, mainly for diesel vehicles, from the chemical and glass industries and from jewelry. The market is much smaller than the gold market, so single news items can move the price further.

Platinum Spot Price and Futures Price

Many price tables quote the spot price, the price for immediate delivery in the over-the-counter market, often in real time. This page uses the daily settlement price of the most actively traded NYMEX futures contract. A futures contract fixes today's price for delivery at a later date, so it usually trades slightly above spot; the gap reflects interest and storage costs until delivery. When physical supply is tight the gap can turn negative, which happens more often with platinum and palladium than with gold.

Over weeks and years, spot and futures move almost in step, so the performance figures describe the price trend of the metal. On any single day the value here differs from a live spot quote, if only because it shows the close of the previous session.