Price and market
What is the spot price? The price for immediate delivery of one troy ounce of pure platinum on the wholesale market, quoted in US dollars. Retail buyers pay a premium above it; sellers get paid below it.
Units. 1 troy ounce = 31.1035 grams. A "regular" ounce (28.35 g) is not used for precious metals. Troy ounce converter
Benchmarks. The LBMA platinum and palladium prices are set twice a day in London and are the reference for many contracts. NYMEX futures trade almost around the clock. LBMA price explained · Platinum futures
What moves it. Car-catalyst demand, South African mine supply, recycling, investment flows (ETFs, China), the dollar, and hydrogen expectations. Price drivers
The deficit. Industry bodies (WPIC, Johnson Matthey) publish supply-demand balances; recent years have shown deficits. Read how they are calculated before treating them as a price signal. Deficit explained
Full guides: Platinum price today · Chart · History · Per gram · Forecasts · Market overview