About Platinum
Platinum is a precious metal with significant industrial applications, particularly in automotive catalytic converters, electronics, and hydrogen fuel cells. South Africa and Russia account for over 80% of global production.
Country prices: USA · UK · India · Germany · Japan · Australia · Canada · South Africa · UAE · Singapore
Other metals: Gold · Silver · Oil
FAQ - Platinum
What is the platinum price today? +
The platinum spot price is derived from PL=F futures on NYMEX/COMEX. AURUM updates platinum prices every 5 seconds during market hours.
What drives platinum prices? +
Platinum prices are driven by industrial demand (automotive catalytic converters, electronics), investment demand, mining supply (primarily South Africa and Russia), and recycling rates.
How does platinum compare to gold? +
Platinum is rarer than gold but typically trades at a lower price due to less investment demand. It has significant industrial applications that gold does not.