Actual
1,540.90
Daily Change
3.70 0.24%
Monthly
-9.41%
Yearly
-2.71%
Q4 Forecast
1,508.57
Platinum - Summary

Platinum futures held below $1,540 an ounce, near their lowest level since late November 2025, as investment outflows and a weaker demand outlook weighed on prices. The prolonged Middle East conflict has kept energy prices elevated as risk premiums rise, fueling inflation concerns and raising expectations of more restrictive monetary policy across major economies. Investors now await the Federal Reserve’s decision this week, which is widely expected to keep interest rates elevated. Higher borrowing costs reduce the appeal of non-yielding metals such as platinum. At the same time, expensive fuel and costlier auto financing threaten vehicle sales and could curb demand for platinum in catalytic converters. Automotive demand is expected to decline 4%, partly offset by a projected 5% increase in industrial demand. The World Platinum Investment Council also expects a 265,000-ounce surplus in 2026, as weaker investment demand and softer jewelry consumption weigh on the outlook.

Platinum - Stats

Platinum rose to 1,538.60 USD/t.oz on October 28, 2026, up 0.09% from the previous day. Over the past month, Platinum's price has fallen 9.55%, and is down 2.86% 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 October 28 of 2026.

Platinum - Forecast

Platinum rose to 1,538.60 USD/t.oz on October 28, 2026, up 0.09% from the previous day. Over the past month, Platinum's price has fallen 9.55%, and is down 2.86% 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 1508.57 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 1296.32 in 12 months time.



Price Day Month Year Date
Gold 4,041.02 -19.18 -0.47% -3.37% 2.79% Oct/28
Silver 53.67 -0.747 -1.37% -12.67% 12.84% Oct/28
Copper 6.65 0.0197 0.30% 1.58% 28.48% Oct/28
Steel 3,071.00 8.00 0.26% -0.94% -1.51% Oct/28
Lithium 100,050.00 700 0.70% -18.92% 26.41% Oct/28
Platinum 1,540.90 3.70 0.24% -9.41% -2.71% Oct/28
Iron Ore 90.70 -0.08 -0.09% -6.42% -14.08% Oct/27


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
1538.60 1537.20 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Holds Near November Low
Platinum futures held below $1,540 an ounce, near their lowest level since late November 2025, as investment outflows and a weaker demand outlook weighed on prices. The prolonged Middle East conflict has kept energy prices elevated as risk premiums rise, fueling inflation concerns and raising expectations of more restrictive monetary policy across major economies. Investors now await the Federal Reserve’s decision this week, which is widely expected to keep interest rates elevated. Higher borrowing costs reduce the appeal of non-yielding metals such as platinum. At the same time, expensive fuel and costlier auto financing threaten vehicle sales and could curb demand for platinum in catalytic converters. Automotive demand is expected to decline 4%, partly offset by a projected 5% increase in industrial demand. The World Platinum Investment Council also expects a 265,000-ounce surplus in 2026, as weaker investment demand and softer jewelry consumption weigh on the outlook.
2026-10-28
Platinum Hits 52-week Low
Platinum decreased to 1499.00 USD/t.oz, the lowest since October 2025. Over the past 4 weeks, Platinum lost 14.07%, and in the last 12 months, it decreased 4.67%.
2026-10-27
Platinum Hits Fresh 11-Month Low
Platinum futures fell below $1,530 an ounce, reaching their lowest level since late November 2025 as a broader market selloff, concerns over prolonged high interest rates, and weak fundamentals weighed on prices. The Federal Reserve is widely expected to leave interest rates unchanged this week, although elevated energy prices are still prompting bets on a hike before year-end. Higher borrowing costs reduce the appeal of non-yielding metals such as platinum. Persistent concerns over AI-related investment spending have also fueled volatility in equity markets, prompting investors to liquidate assets to cover losses elsewhere. Meanwhile, the platinum market also faces fundamental headwinds, with the World Platinum Investment Council forecasting a 265,000-ounce surplus in 2026. Total demand is projected to decline 18%, while automotive demand is expected to fall 4%. Industrial demand, however, is forecast to rise 5%, offering some support but doing little to offset the broader weakness.
2026-10-27