Current platinum price

View the current and historical platinum price here. The platinum price is updated in real time and shows you the most current price of platinum.

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PERIOD CURRENCY / WEIGHT TYPE

How is the current platinum price determined?

The current platinum price, like the gold and silver prices, is determined by supply and demand on the world market. However, platinum is a much scarcer commodity: only a fraction of the amount mined each year is extracted compared to gold or silver. As a result, even a small change in the market can have a major impact on the price.

Platinum is crucial for applications such as catalytic converters in cars, hydrogen fuel cells, jewellery and medical instruments. Demand therefore fluctuates greatly with industrial production.

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Historical platinum price

Historically, platinum is one of the most valuable precious metals. Around 1995, the price was around £350 per kilo; in 2025, the platinum price is above £45,000 per kilo. That is an increase of more than 12,000%.

The platinum price has seen clear peaks:

2008: record price due to high industrial demand before the financial crisis.
2020: upturn during the coronavirus pandemic, when investors sought refuge in precious metals.
2024 - 2025: sharp increase due to growth in the hydrogen economy and the structural shortage of mine production in South Africa.

The averages below illustrate the return on platinum per period:

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Period

Return on investment of platinum per year

Last 30 years

11 tot 12% per year

Last 20 years

8% per year

Last 10 years

10% per year

Although platinum historically retains its value, price fluctuations are greater than for gold, partly due to its dependence on industry. This makes it interesting for investors looking for opportunities in commodities that are scarce and have industrial potential.

Platinum price forecast

Looking ahead to 2025 and 2026, analysts at UBS and Goldman Sachs, among others, expect the platinum price to rise further. Growing demand from the automotive industry (for emission-free powertrains) and hydrogen technology plays a key role in this.

Important price-determining factors are:

Inflation and central bank interest rate policy
Growth of the hydrogen economy
Limited new supply from South Africa
Geopolitical stability in resource-rich regions
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Through GoldRepublic, you can purchase platinum in certified bars, directly from the smelter. All platinum is stored in highly secure vaults managed by independent third parties. This way, you can be sure that your assets are physically present and fully audited.

You can buy platinum from one gram (or from a £50 deposit) at the current platinum price.

‍Saving platinum is also an option: every week, fortnight or month, platinum is automatically purchased at the current price, allowing you to build up a physical stockpile step by step, without having to actively trade in platinum.

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Frequently asked questions

Is buying gold a wise choice?

Buying gold can be a wise choice, especially in times of economic uncertainty or inflation. Historically, gold has retained its value well and offers protection against declining currency purchasing power. In addition, physical gold is a tangible asset that you can keep outside the financial system...

What should I look out for when buying physical gold?

At GoldRepublic, you can buy whole gold bars or become a co-owner of a bar. If you become a co-owner, you pay NO bar reservation fees and you may be allocated anew bar every day. Legally, this makes no difference. You are still the(co-)owner of physical gold. The gold is delivered to you. You still know which bar you own (based on the bar number). Only in the event that, due to extreme circumstances, GoldRepublic is no longer able to provide its services, will you have to agree with the co-owners on what to do with the bar (sell or melt it down). If you reserve your own bar, this is not the case.

Are gold bars exempt from VAT?

Yes, investment gold is exempt from VAT in the United Kingdom and throughout the European Union. This exemption applies to gold bars with a purity of at least99.5% (24 carats). All gold bars you purchase through GoldRepublic must meet these conditions and are therefore exempt from VAT.

Do I have to declare gold as an asset to the tax authorities?

In the Netherlands, you must declare physical gold that you own as assets in box 3 of your tax return. The reference date used for this is 1 January of the tax year for which you are filing your return. This means you declare the value of your gold on 1 January, based on the gold price on that day. However, always check with your tax adviser to see what applies to your personal situation.

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