Actual
1,822.80
Daily Change
-20.00 -1.09%
Monthly
3.95%
Yearly
32.84%
Q3 Forecast
1,849.33
Platinum - Summary

Platinum futures traded above $1,840 an ounce, after reaching its lowest level in two weeks, amid prospects of increased industrial demand. Hybrid vehicle demand remains resilient as volatile fuel prices dampen demand for internal-combustion-engine vehicles. The European Union is facing pressure to include tariffs on hybrid vehicles from Chinese manufacturers in the existing duties on Chinese fully electric vehicles. Additionally, a coalition of major US automakers, including General Motors, Toyota, and Volkswagen, urged lawmakers to permanently ban Chinese vehicles, as Chinese automakers are rapidly gaining market share across major economies, which could support demand for platinum used in catalytic converters. In the near-term, however, the metal remains influenced by investment flows following the latest US payrolls data, which reflected a resilient labor market, boosting expectations of a Fed rate hike and reducing demand for non-yielding platinum.

Platinum - Stats

Platinum fell to 1,822.90 USD/t.oz on September 8, 2026, down 1.08% from the previous day. Over the past month, Platinum's price has risen 3.95%, and is up 32.85% 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 September 8 of 2026.

Platinum - Forecast

Platinum fell to 1,822.90 USD/t.oz on September 8, 2026, down 1.08% from the previous day. Over the past month, Platinum's price has risen 3.95%, and is up 32.85% 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 1849.33 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 2185.90 in 12 months time.



Price Day Month Year Date
Gold 4,354.11 -50.87 -1.15% -0.85% 20.04% Sep/08
Silver 65.64 -0.500 -0.76% -0.10% 60.57% Sep/08
Copper 6.68 0.0872 1.32% 1.36% 48.58% Sep/08
Steel 3,123.00 4.00 0.13% 4.27% 2.83% Sep/08
Lithium 146,750.00 -750 -0.51% 1.56% 96.68% Sep/08
Platinum 1,822.80 -20.00 -1.09% 3.95% 32.84% Sep/08
Iron Ore 100.02 0.45 0.45% 5.79% -5.71% Sep/08


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
1822.90 1842.80 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Rebounds From Two-Week Low
Platinum futures traded above $1,840 an ounce, after reaching its lowest level in two weeks, amid prospects of increased industrial demand. Hybrid vehicle demand remains resilient as volatile fuel prices dampen demand for internal-combustion-engine vehicles. The European Union is facing pressure to include tariffs on hybrid vehicles from Chinese manufacturers in the existing duties on Chinese fully electric vehicles. Additionally, a coalition of major US automakers, including General Motors, Toyota, and Volkswagen, urged lawmakers to permanently ban Chinese vehicles, as Chinese automakers are rapidly gaining market share across major economies, which could support demand for platinum used in catalytic converters. In the near-term, however, the metal remains influenced by investment flows following the latest US payrolls data, which reflected a resilient labor market, boosting expectations of a Fed rate hike and reducing demand for non-yielding platinum.
2026-09-04
Platinum Trades Above $1,800
Platinum futures traded above $1,800 an ounce after climbing from a two-week low, as a weaker US dollar boosted demand for precious metals. The rally followed dovish comments from Federal Reserve Governor Christopher Waller, who said he would favor keeping interest rates unchanged if inflation continues to ease, prompting investors to scale back bets on a Fed hike this month. Traders now await US jobs data for further clues on the Federal Reserve’s rate outlook. Still, renewed fighting in the Gulf and higher oil prices kept inflation concerns in focus, potentially complicating the Fed’s policy path. Meanwhile, platinum’s industrial demand is expected to rise 9% this year to 2.24 million ounces, according to the World Platinum Investment Council. Valterra Platinum highlighted China’s rapidly expanding hydrogen-truck sector as a potential new demand catalyst, estimating around 6 million ounces of additional global demand if hydrogen trucks reach a 20% share of the global fleet.
2026-09-04
Platinum Trades Near a 2-Week Low
Platinum futures traded below $1,780 an ounce, near a two-week low as rising global bond yields and a stronger US dollar weighed across the precious metals complex. The escalating conflict between the US and Iran continued to push oil prices higher, fueling concerns that persistent inflation could prompt the Federal Reserve to raise interest rates this month. The greenback strengthened as markets now see a roughly 70% chance of a September rate hike, up sharply from around 40% a week earlier, while the US 10-year Treasury yield climbed to 4.8%, near a three-year high. Meanwhile, platinum’s mine supply remains constrained, while industrial demand is expected to rise 9% this year to 2.24 million ounces, according to the World Platinum Investment Council. Valterra Platinum highlighted China’s rapidly expanding hydrogen-truck sector as a new demand catalyst, with potential global demand estimated at around 6 million ounces if hydrogen trucks reach a 20% share of the global fleet.
2026-09-02