About Platinum Prices
Platinum is one of the rarest metals on Earth — approximately 30 times rarer than gold. It is primarily used in catalytic converters for vehicles, as well as in jewellery, laboratory equipment, and electronics. South Africa produces about 70% of the world's platinum supply. Investment demand for platinum has grown significantly as it is often priced below gold despite being rarer.
❓ Platinum FAQs
What is the platinum price today?+
The live platinum spot price is shown above in USD per troy ounce, updated every minute during market hours.
Is platinum rarer than gold?+
Yes — platinum is approximately 30 times rarer than gold. It is only mined in a few places worldwide, mainly South Africa and Russia.
Why is platinum cheaper than gold sometimes?+
Despite being rarer, platinum trades below gold when industrial demand falls — particularly from the auto industry which uses it in catalytic converters.
Can I invest in platinum?+
Yes — you can buy physical platinum coins and bars through dealers like APMEX or JM Bullion, or hold platinum in a precious metals IRA.