The platinum price today will update every 60 seconds in real-time during the trading day based on the market. To see the current platinum price, please reference the platinum price chart above.

The current market price of platinum which can be bought for immediate delivery is called the platinum spot price. The platinum spot price is the price of one troy ounce of platinum in US Dollars. Our website shows the real-time platinum spot price, in addition to the historical platinum price in the chart above. The platinum spot price can fluctuate throughout the day, based on market factors such as supply, demand, economic events, and geopolitical events. The actual price you may pay to purchase platinum in the form of platinum bars or platinum coins may differ from the platinum spot price, based on costs of production, procurement, supply, and demand.

The platinum spot price is calculated from platinum future contracts from worldwide markets such as the Commodities Exchange (COMEX), the London Bullion Market Association (LBMA), and the New York Mercantile Exchange (NYMEX). The price of the contract is set by platinum supply and demand.

The platinum bid price and the platinum ask price are the prices at which platinum can be bought and sold, respectively. The platinum bid price is the highest price the buyer is willing to pay for platinum. When selling platinum, a dealer will purchase platinum at the bid price. The platinum ask price is the lowest price the seller is willing to sell platinum. When buying platinum, a dealer will sell platinum at the ask price. The difference between the platinum bid price and the platinum ask price is called the bid-ask spread, which can vary based on the current supply and demand in the market, transaction size, as well as other factors.

Platinum is an actively traded asset, and is bought and sold constantly by traders, investors, banks, which causes the price of platinum to change frequently. The platinum price changes throughout the trading day and is updated in real-time on our website to provide the current price of platinum, whether you are interested in buying or selling platinum.

The platinum price is influenced by many factors. The automotive industry uses platinum for catalytic converters, spark plugs, and more. Platinum is also used for jewelry and is a popular choice for engagement rings. In addition, platinum is used for industrial purposes, such as in electronics. The supply and demand of these industries can affect the price of platinum. Many investors purchase platinum for portfolio diversification.

The price of physical platinum is based on the current market platinum price, as well as a premium over the platinum spot price. Physical platinum has a cost to procure, manufacture and distribute, which is why you cannot typically purchase platinum for the platinum spot price.

The premium over spot is the markup an investor will pay above the raw platinum value of a product. For example, if the platinum spot price is $1,000 per ounce and an investor purchased a 1 oz platinum product for $1,100, the premium over spot is $100, which is the difference between the $1,100 platinum product and the $1,000 platinum price.

You can buy physical platinum from a reputable dealer online or from a local coin shop. Platinum bullion are products are typically purchased for their platinum content, and are in the form of platinum coins, bars (ingots), or rounds, while collectible coins are typically purchased for the metal content, as well as the numismatic or collectible value. There are several platinum coins produced by sovereign mints around the world, including the American Platinum Eagle from the United States Mint, the Canadian Platinum Maple Leaf from the Royal Canadian Mint, the British Platinum Britannia from The Royal Mint, the Australian Platinum Kangaroo from The Perth Mint, and the Austrian Platinum Philharmonic from the Austrian Mint. You can check out our selection of Platinum Coins here. Platinum bars are produced in a variety of sizes to provide options for investors, including several gram sizes, up 1,000 grams. Our full selection of platinum bars can be viewed here.

The amount you invest in platinum depends on your overall investment goals. We recommend working with a finance professional for any investment advice. Platinum and other precious metals can be a way to diversify your portfolio.

Platinum isn’t just a shiny metal—it’s a shield against uncertainty and a gateway to industries shaping the future. While gold and silver hedge against inflation, platinum offers something different: a critical role in powering the technologies we rely on, from renewable energy to medical advancements. Its rarity and importance in vital industries make it a strategic investment for those looking to protect their wealth from volatile markets and overreaching systems. At Bullion.com, we offer low-premium platinum products so you can secure your future without breaking the bank.

Platinum’s price dynamics are different from those of gold and silver. While all three are precious metals, platinum’s value is driven more by industrial demand and supply constraints than by its role as a store of value. Here are the key factors:

Platinum is critical for several high-tech and industrial applications:

Because of this reliance on industrial sectors, platinum’s price is closely tied to global economic activity and technological innovation.

Platinum is significantly rarer than gold or silver, with annual mining production only a fraction of the other two metals. Most of the world’s platinum comes from South Africa and Russia, making its supply chain vulnerable to geopolitical instability, mining strikes, and export restrictions.

Unlike gold and silver, a significant portion of platinum mined each year is consumed in industrial processes and not easily recycled. This limits the available supply and creates upward price pressure when demand surges.

Platinum has historically been more volatile than gold and silver, with periods of significant price spikes followed by corrections. This volatility is largely due to its reliance on industrial demand, which fluctuates with economic cycles. For example:

• In 2008, platinum prices soared to over $2,000 per ounce during a period of high demand and limited supply.

• During the global financial crisis later that year, prices plunged as industrial activity slowed.

While platinum doesn’t consistently rise in value like gold, its price cycles offer opportunities for investors willing to time their purchases strategically.

Platinum may not get the same attention as gold and silver, but savvy investors know it’s far more than an underdog. With its unique industrial relevance and dual role as a safe haven and growth asset, platinum offers a rare opportunity to diversify and strengthen your portfolio in ways other metals simply can’t match.

Platinum plays a vital role in the modern world, driving industries that are building the future. Unlike gold, which largely sits in vaults as a hedge against inflation, platinum is actively powering innovation. Its critical role in high-tech industries makes it a metal for forward-thinkers.

• Clean Energy Boom: From hydrogen fuel cells to renewable energy solutions, platinum is driving the green revolution. As the world shifts to cleaner technologies, demand for platinum is poised to soar.

• Advanced Manufacturing: Platinum’s unmatched durability and conductivity make it essential in cutting-edge manufacturing processes, from aerospace to medical devices.

Investing in platinum means aligning your portfolio with the technologies of tomorrow, not just hedging against yesterday’s uncertainties.

Platinum is a hedge against uncertainty, but it’s not your typical “safe haven” story. Its value is tied to industrial growth, giving it unique upside potential when economies are thriving.

• Economic Resilience: Like gold, platinum performs well during market downturns, offering protection when other assets falter.

• Growth Potential: What sets platinum apart is its ability to shine during periods of industrial expansion, making it both a safety net and a growth driver.

This dual nature makes platinum an exciting choice for investors who want to protect their wealth while tapping into growth opportunities that other metals simply can’t offer.

Let’s be honest—gold and silver are great, but they’re not the whole story. Adding platinum to your portfolio introduces a fresh layer of diversification, spreading your risk across metals with entirely different price drivers.

• Industrial-Driven Dynamics: While gold and silver are largely swayed by investor sentiment and monetary policy, platinum’s price is heavily influenced by industrial demand and supply constraints.

• Balance and Resilience: By including platinum, you’re not just hedging against economic uncertainty—you’re building a portfolio that thrives in both turbulent and growth-focused environments.

Platinum doesn’t follow the same playbook as gold and silver, and that’s precisely what makes it such a valuable addition.

At Bullion.com, we specialize in making platinum investing straightforward, affordable, and accessible. Here’s why we’re the right choice for practical investors:

We offer low premiums on popular platinum products like bars and coins, ensuring you get the most metal for your money. By focusing on streamlined inventory, we minimize overhead and pass the savings on to you.

Investing in platinum shouldn’t feel complicated or risky. At Bullion.com, we prioritize trust and transparency:

• Straightforward Pricing: No hidden fees or markups—just honest, competitive prices.

• Guaranteed Authenticity: All our platinum products are rigorously tested and verified for quality and authenticity.

• Secure Shipping: Every order is shipped discreetly and fully insured, so you can invest with confidence.

We believe informed investors make better choices. That’s why we provide resources to help you navigate the platinum market:

• Market Insights: Stay up to date on platinum trends and price movements.

• Product Guides: Learn about the different forms of platinum available, from coins to bars.

• Customer Support: Our team is here to answer your questions and guide you through the buying process.

Platinum’s unique combination of rarity, industrial importance, and precious metal status positions it as a metal of opportunity. As global industries shift toward renewable energy, advanced manufacturing, and medical innovation, demand for platinum is poised to grow. While its price history may not mirror gold’s steady climb, platinum’s distinct value drivers make it a powerful tool for diversifying your investments and participating in the industries of tomorrow.

At Bullion.com, we make it easier than ever to add this versatile and vital metal to your portfolio. Whether you’re new to precious metals or a seasoned investor, platinum offers unique opportunities that are worth exploring.

Platinum isn’t just another precious metal—it’s a bridge between tangible wealth and the technologies of the future. At Bullion.com, we make it simple, secure, and cost-effective to invest in platinum. Explore our selection of low-premium platinum bars and coins today and take the first step toward a more diversified and resilient portfolio.