Platinum bars 1000 grams pure platinum

Platinum Prices

Platinum prices averaged higher in April relative to March. Platinum prices averaged USD 1,048 per troy ounce in April, which was 8.0% higher than March’s price and was up 8.8% from the same month last year. Meanwhile, on 28 April, platinum closed the day at USD 1,074 per troy ounce, which was up 9.5% from the same day of the previous month.

Prices increased in April, partly as a result of turbulence in the U.S. banking sector spurring safe-haven demand. Moreover, expectations of a more dovish Fed added momentum to the price rally. At its March meeting, the Fed pointed to a slowdown in rate hikes due to the expected reduction in credit creation given the recent banking sector turmoil. Moreover, industrial demand was likely strong, as suggested by recent increases in vehicle production in major developed markets amid a fading chip shortage—platinum’s main use is in cars’ catalytic converters.

This chart displays Platinum (US$/toz) from 2021 to 2023.

Platinum LME (prices in US$/toz, aop)

Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Platinum LME - 1,181 1,023 998 1,029 959 887 971

Free sample report

Price forecasts and historical data for Platinum.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest