Platinum Price Today
The live platinum spot price is shown below in the units that matter: per troy ounce, per gram, and per kilo. Platinum is quoted per troy ounce like gold and silver, updated in real time while you watch. To turn a specific weight and purity into a dollar figure, use the free value calculator.
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Indicative price, may be delayed. Dealers buy and sell at a premium or discount. Not financial advice.
What the platinum spot price means
The spot price is the going rate to buy or sell one troy ounce of pure platinum for near-immediate settlement on the global market. It is a benchmark, not a retail quote: coins, bars, and finished jewelry trade above spot because of fabrication and dealer margin, while a scrap or refinery buyer pays below spot. The number above is indicative and can be briefly delayed, so treat it as a reference point rather than a locked-in offer. A troy ounce is about 31.10 grams, slightly heavier than the everyday avoirdupois ounce, which is why the per-gram and per-kilo rows can be handy when you are weighing a specific item.
950 platinum and jewelry purity
Most platinum jewelry is not pure metal. The common standard is 950 platinum, meaning 95% platinum by mass with the rest made up of alloying metals for durability. You will see the stamp as "950," "PLAT 950," or "Pt950." Other marks exist too, and the number always states the platinum fraction out of 1,000.
| Stamp | Platinum content |
|---|---|
| 950 | 95% |
| 900 | 90% |
| 850 | 85% |
When you value a piece, the metal content is what counts. A 10-gram 950 platinum ring holds 9.5 grams of pure platinum. Set the purity in the calculator and it applies that fraction to the live price automatically.
What drives platinum demand
Platinum is both a precious metal and an industrial one, so several very different buyers compete for the same supply. The main pulls on demand are, in broad terms:
- Autocatalysts: platinum is used in catalytic converters that reduce harmful emissions, especially in diesel engines.
- Jewelry: its bright white color, density, and hypoallergenic nature make it a premium choice for rings and fine pieces.
- Industrial uses: chemical processing, glass manufacturing, electronics, and laboratory equipment all rely on platinum.
Because that demand spans transport, adornment, and heavy industry, the platinum price responds to a wide mix of forces. This page describes those uses in general terms and makes no forecast about where the price is headed.
Platinum vs gold
Platinum and gold are often compared because both are dense, precious, and used in fine jewelry, yet their prices can diverge sharply. Using only the snapshot prices baked into this site as of 2026-07-22 (gold $4,136.30 and platinum $1,649.00 per troy ounce), platinum traded at roughly 40% of gold's price. Put another way, gold cost about 2.5 times as much as platinum ounce for ounce, a gap of about $2,487 per troy ounce at that snapshot. That ratio is not fixed: it moves constantly with each metal's own supply and demand, so compare the live figure above with the current gold price rather than relying on any single snapshot.
Prices here are indicative, may be briefly delayed, and are not an offer to buy or sell. Dealers buy and sell at a premium or discount to spot. Nothing on this page is financial advice.