Platinum Price Today
XPT 0.56% todayJune 11, 2026 · Base unit: troy ounce
Live Price
What is Platinum (XPT)?
Platinum (symbol Pt, ticker XPT) is a dense, silvery-white precious metal rarer than gold — annual platinum production is roughly 170 tonnes compared to 3,300 tonnes of gold. It is primarily mined in South Africa (~75%) and Russia.
Platinum is traded on the LBMA and NYMEX (New York Mercantile Exchange), quoted per troy ounce in USD.
Platinum's price is driven by both industrial applications — particularly automotive catalytic converters — and its emerging role in the hydrogen economy. It is both a precious metal investment and a critical industrial commodity.
- Symbol XPT
- Base Unit troy ounce
- Today Open $1,662.78
- 24h High $1,695.37
- 24h Low $1,639.76
What Factors Affect the Platinum Price?
Understanding key price drivers helps investors, traders and industry professionals make informed decisions.
Platinum is used in petrol engine catalytic converters. Global auto production volumes and emissions regulation stringency directly drive platinum demand.
Platinum is the catalyst of choice for hydrogen fuel cells. Growing government green hydrogen programs represent a major emerging structural demand source.
South Africa produces ~75% of global platinum. Mining strikes, electricity outages (loadshedding) and infrastructure issues directly impact global platinum supply.
Platinum historically traded at a premium to gold. It currently trades at a significant discount — many analysts view this as a structural undervaluation opportunity.
Platinum jewelry demand is concentrated in China and Japan. Economic conditions in these markets affect a meaningful portion of global platinum demand.
Platinum catalysts are used in nitric acid production (fertilizers) and petroleum refining. These applications provide stable base industrial demand.
Platinum Unit Conversion Guide
| From | To | Factor |
|---|---|---|
| 1 Troy Ounce | Gram (g) | × 31.1035 |
| 1 Troy Ounce | Kilogram (kg) | ÷ 32.1507 |
| 1 Gram | Troy Ounce | ÷ 31.1035 |
| 1 Kg | Troy Ounce | × 32.1507 |
Key Uses of Platinum
-
Catalytic Converters~40% of demand — petrol engine emission control
-
JewelryHigh-end jewelry — rarer and denser than gold
-
Hydrogen Fuel CellsPlatinum catalyst in green hydrogen technology
-
Chemical IndustryFertilizer production and petroleum refining catalyst
-
Electronics & Lab EquipmentHard disk drives, laboratory instruments
Frequently Asked Questions — Platinum Price
Platinum historically traded at a premium to gold but has been below gold since ~2015. Key reasons: the 2015 diesel emissions scandal reduced diesel vehicle demand (platinum is also used in diesel catalysts in addition to its petrol applications), slower-than-expected hydrogen adoption, and South African supply recovery. Many analysts view current platinum levels as a structural discount.
This is not financial advice. Platinum's investment case centers on its historical discount to gold, its scarcity, and potential hydrogen fuel cell demand growth. Risk factors include slow green hydrogen adoption timelines and South Africa supply recovery. Consult a licensed financial advisor before investing.
Approximately 75% of global platinum is mined in South Africa's Bushveld Igneous Complex. This geographic concentration makes platinum prices highly sensitive to South African mining conditions including power supply issues and labor disputes.
Platinum is the primary catalyst in hydrogen fuel cells used in hydrogen vehicles and stationary power systems. As green hydrogen infrastructure investment accelerates globally, platinum demand is projected to grow significantly — some analysts expect hydrogen could contribute 15–20% of platinum demand by 2030.
Daily, from LBMA/NYMEX global data. May be delayed 15–20 minutes. For informational purposes only — not financial advice.
Disclaimer
Platinum prices are indicative only, updated daily and may be delayed 15–20 minutes. For informational purposes only. Not financial advice. Always verify with your broker or exchange.
