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.

Contact us Open your free account

Gold price Silver price Platinum price

—

Change / (abs)

— · —

Live high

—

Live low

—

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.

Contact us Open an account

Historical platinum price

Historically, platinum has been one of the most valuable precious metals.

In the 1990s, the platinum price fluctuated around $400 per troy ounce; by early 2026, it surpassed $2,300 per troy ounce (£64,000 per kilo).

The platinum price has experienced distinct peaks:

2008: A record price driven by high industrial demand prior to the financial crisis.
2020: A resurgence during the COVID-19 pandemic, as investors sought refuge in precious metals.
‍2024 - present: A sharp increase due to growth in the hydrogen economy and a structural deficit in mining production in South Africa

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 2026, analysts from the likes of UBS and Goldman Sachs expect the platinum price to rise further. The growing demand from the automotive industry (for zero-emission powertrains) and hydrogen technology plays a key role in this trend.Key price-determining factors include:
‍
• Inflation and central bank policies
• Growth of the hydrogen economy
• Limited new supply from South Africa
• Geopolitical stability in resource-rich regions
‍
At GoldRepublic, you can purchase platinum in certified bars, directly from the refinery. 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.

Contact us Buy platinum at GoldRepublic

Frequently asked questions

How is the platinum price determined in GBP?

The platinum price is determined globally based on supply and demand, primarily via markets in London and New York. Prices are typically quoted in USD but converted into GBP for UK investors.

What factors influence the platinum price?

Key factors include industrial demand (especially automotive and hydrogen sectors), mining output (mainly from South Africa), recycling supply, and geopolitical conditions.

Is the current platinum price favourable for buying?

Whether the current price is favourable depends on your investment horizon and risk tolerance. Prices may appear high, but markets are unpredictable - waiting can mean missing opportunities.

How do I read a platinum price chart?

The vertical axis shows price (in GBP or USD), and the horizontal axis shows time. Focus on the spot price, and note the bid (sell) and ask (buy) prices - the difference is the spread.

What is the impact of central banks on the platinum price?

Central banks influence platinum indirectly through monetary policy. Unlike gold, they hold little platinum. Interest rates and currency strength (especially USD/GBP) can affect demand and pricing.

Is the platinum price expected to rise further?

Future price increases depend on supply shortages and industrial demand. Continued deficits in supply could support higher prices, but forecasts remain uncertain.

How often does the platinum price change?

Platinum prices change continuously during trading hours, often every few seconds. Daily fluctuations of 2–5% are possible during volatile periods.

Is the platinum price expected to fall?

Prices could fall if investment demand weakens or supply increases (e.g. more recycling). However, ongoing supply constraints may limit downside risk.

Want to create wealth by investing in precious metals?

Open an account for free and discover how easy it is to trade physical bullion with GoldRepublic

Open your free account

Closing price (31 Dec)	Return (%)	£/kg	£/toz	£/g
2025	+111.31%	£48,967.19	£1,523.05	£48.97
2024	—	£23,173.11	£720.76	£23.17

GoldRepublic