Actual
1,726.80
Daily Change
-7.00 -0.40%
Monthly
7.66%
Yearly
29.42%
Q3 Forecast
1,798.03
Platinum - Summary

Platinum futures traded below $1,730 per ounce, near two-month highs as traders continued to assess the outlook for demand. Rising hybrid vehicle production has provided near-term support for autocatalyst consumption, although markets remain cautious about the broader shift toward electric vehicles, which recorded a fifth consecutive monthly increase in July. Meanwhile, uncertainty over shipments through the Strait of Hormuz kept industrial buyers cautious. On the supply side, concerns over power disruptions and maintenance bottlenecks at South African mines continued to underpin prices, with the platinum market expected to remain in deficit. Additional support came from plans by the world’s largest jeweler to replace some sterling-silver jewelry with platinum-plated alternatives. Meanwhile, AI and data-center expansion are emerging as potential new sources of demand, with South Africa’s Valterra Platinum estimating AI-related demand could grow fivefold by 2030.

Platinum - Stats

Platinum fell to 1,727.40 USD/t.oz on August 19, 2026, down 0.37% from the previous day. Over the past month, Platinum's price has risen 7.69%, and is up 29.46% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Platinum reached an all time high of 2923.70 in January of 2026. Platinum - data, forecasts, historical chart - was last updated on August 19 of 2026.

Platinum - Forecast

Platinum fell to 1,727.40 USD/t.oz on August 19, 2026, down 0.37% from the previous day. Over the past month, Platinum's price has risen 7.69%, and is up 29.46% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum is expected to trade at 1798.03 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2101.60 in 12 months time.



Price Day Month Year Date
Gold 4,354.53 19.61 0.45% 8.64% 30.18% Aug/19
Silver 63.03 -0.290 -0.46% 11.78% 66.26% Aug/19
Copper 6.45 -0.0303 -0.47% 2.43% 45.89% Aug/19
Steel 3,018.00 -12.00 -0.40% -1.69% -3.79% Aug/19
Lithium 151,650.00 -1850 -1.21% 0.10% 79.27% Aug/19
Platinum 1,726.80 -7.00 -0.40% 7.66% 29.42% Aug/19
Iron Ore 95.28 0.33 0.35% -3.47% -6.19% Aug/18


Platinum
Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world's scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry. South Africa accounts for 80% of production followed by Russia and North America. Platinum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
1727.40 1733.80 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Trades Near 2-Month Highs
Platinum futures traded below $1,730 per ounce, near two-month highs as traders continued to assess the outlook for demand. Rising hybrid vehicle production has provided near-term support for autocatalyst consumption, although markets remain cautious about the broader shift toward electric vehicles, which recorded a fifth consecutive monthly increase in July. Meanwhile, uncertainty over shipments through the Strait of Hormuz kept industrial buyers cautious. On the supply side, concerns over power disruptions and maintenance bottlenecks at South African mines continued to underpin prices, with the platinum market expected to remain in deficit. Additional support came from plans by the world’s largest jeweler to replace some sterling-silver jewelry with platinum-plated alternatives. Meanwhile, AI and data-center expansion are emerging as potential new sources of demand, with South Africa’s Valterra Platinum estimating AI-related demand could grow fivefold by 2030.
2026-08-13
Platinum Hits Fresh 2-Month Peak
Platinum futures rose above $1,770 an ounce, reaching a fresh eight-week high and tracking broader strength across precious metals after a subdued US inflation report. US consumer inflation slowed for a second consecutive month to 3.4% in July, while rising just 0.1% from the previous month. The data reduced expectations of tighter Fed policy at its September meeting, supporting non-yielding assets such as platinum. Lower oil prices added support as markets weighed the prospects of a deal to reopen the Strait of Hormuz, potentially easing energy supply and inflation concerns. Meanwhile, AI and data-center expansion are emerging as potential new sources of platinum-group metals demand. Valterra Platinum estimates AI-related PGM demand at 200,000–400,000 ounces annually and sees it potentially growing fivefold by 2030. Still, the platinum market is expected to remain in deficit due to constrained mine output, particularly in South Africa, although higher prices could encourage recycling.
2026-08-13
Platinum Futures Hit 2-Month High
Platinum futures rose above $1,750 an ounce, hitting an eight-week high and tracking broader strength across the precious metals complex. Investment demand for precious metals improved as Chinese institutional investors increased bullion holdings amid heightened market volatility, with gold-backed ETF in China recording their longest streak of inflows in months. Meanwhile, AI and data-center expansion are emerging as potential new sources of future platinum-group metals demand. In July, Valterra Platinum said it estimated current AI-related PGM demand at 200,000–400,000 ounces annually and that it could grow fivefold by 2030, citing PGMs' electrical and thermal properties as relevant to AI infrastructure. Still, the World Platinum Investment Council expects platinum markets to remain in deficit over the longer term due to constrained mine output, particularly in South Africa, although higher prices could encourage more recycling and eventually weigh on some demand.
2026-08-11