Platinum futures trades above $2,100 an ounce, hovering near a four-week high as precious metals broadly advanced on renewed hopes for a diplomatic resolution to the Middle East conflict. The US and Iran signaled willingness to resume negotiations aimed at securing a longer-term ceasefire before the current two-week truce expires. President Donald Trump said Tehran had reached out to Washington shortly after the US imposed a naval blockade on Iranian oil shipments through the Strait of Hormuz. Oil prices retreated on expectations of a potential deal, easing inflationary pressures and tempering hawkish bets across major central banks. Meanwhile, softer industrial demand and improved supply conditions continued to weigh on prices. Automotive demand, the largest industrial use for platinum, is set to decline further as the shift to electric vehicles reduces the need for catalytic converters, while higher recycling flows, particularly in Europe, are expected to narrow the market deficit.

Platinum rose to 2,141.70 USD/t.oz on April 17, 2026, up 1.40% from the previous day. Over the past month, Platinum's price has risen 4.14%, and is up 123.40% 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 April 19 of 2026.

Platinum rose to 2,141.70 USD/t.oz on April 17, 2026, up 1.40% from the previous day. Over the past month, Platinum's price has risen 4.14%, and is up 123.40% 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 2220.91 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 2559.97 in 12 months time.



Price Day Month Year Date
Gold 4,833.56 45.04 0.94% 0.29% 40.74% Apr/17
Silver 80.76 2.347 2.99% 7.19% 146.68% Apr/17
Copper 6.10 0.0370 0.61% 9.89% 32.62% Apr/17
Steel 3,097.00 -6.00 -0.19% -1.28% 2.45% Apr/17
Lithium 169,500.00 2000 1.19% 9.00% 137.23% Apr/17
Platinum 2,141.70 29.50 1.40% 4.14% 123.40% Apr/17
Iron Ore 106.85 -0.26 -0.24% 1.24% 6.94% Apr/17


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
2141.70 2112.20 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Hits 4-week High
Platinum increased to 2136.00 USD/t.oz, the highest since March 2026. Over the past 4 weeks, Platinum gained 1.45%, and in the last 12 months, it increased 119.71%.
2026-04-15
Platinum Trades Near a 4-Week High
Platinum futures trades above $2,100 an ounce, hovering near a four-week high as precious metals broadly advanced on renewed hopes for a diplomatic resolution to the Middle East conflict. The US and Iran signaled willingness to resume negotiations aimed at securing a longer-term ceasefire before the current two-week truce expires. President Donald Trump said Tehran had reached out to Washington shortly after the US imposed a naval blockade on Iranian oil shipments through the Strait of Hormuz. Oil prices retreated on expectations of a potential deal, easing inflationary pressures and tempering hawkish bets across major central banks. Meanwhile, softer industrial demand and improved supply conditions continued to weigh on prices. Automotive demand, the largest industrial use for platinum, is set to decline further as the shift to electric vehicles reduces the need for catalytic converters, while higher recycling flows, particularly in Europe, are expected to narrow the market deficit.
2026-04-14
Platinum Futures Retreat as US-Iran Tensions Rattle Markets
Platinum futures dipped below $2,050 per ounce, retreating from three-week highs, as a stronger US dollar and rising bond yields reduced the appeal of non-yielding assets. The shift came amid escalating inflation concerns after the collapse of US-Iran peace talks, which sent oil prices surging and dimmed expectations for Federal Reserve rate cuts this year. The breakdown in negotiations prompted the US Navy to prepare a blockade of the Strait of Hormuz, threatening to curb Iranian oil exports. In response, Iran’s Revolutionary Guards warned that any military vessels approaching the Strait would be treated as a violation of the ceasefire, with severe consequences. On the monetary policy front, traders now see little chance of a US rate cut in 2026, a stark contrast to pre-war expectations of two Fed rate cuts this year.
2026-04-13