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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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 global 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, jewelry, 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:

Period

Annual return on platinum

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

Buy platinum at GoldRepublicThrough 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 deposit of $50) 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

What is the difference between platinum and palladium?

Both are precious metals from the Platinum Group Metals (PGM) and are used for automotive and industrial catalysts. Platinum has a higher density, is rare and has a wider range of applications, including jewellery and medical instruments. Palladium is subject to greater price volatility due to more erratic global production.

How scarce is platinum?

Approximately 180 tonnes of platinum are mined worldwide each year, compared to over 3,500 tonnes of gold and 25,000 tonnes of silver. Platinum reserves are highly concentrated in South Africa and Russia, which creates supply risks.

How does the buy-back guarantee work for platinum?

You can easily sell your platinum back to GoldRepublic via your account at the current platinum price. The settlement is fast, transparent and without hidden costs.

Is platinum exempt from VAT?

Normally, you pay 21% VAT on the purchase of platinum. However, because your platinum is stored in Switzerland via GoldRepublic, you do not pay VAT on your platinum purchase.

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