Platinum price today
$1,542.00per troy ounce-1.50%on the day
London spot for one troy ounce of .9995 platinum · last close Oct 26, 2026
- Per gram$49.58
- Per kilogram$49,576.45
- Per 10 oz$15,420.00
Spot price context
Platinum is roughly thirty times scarcer than gold in the earth’s crust, yet it trades well below it. That gap is the first thing most people want explained, and it comes down to demand rather than supply.
- 52-week high (close)$2,797.67Jan 23, 2026
- 52-week low (close)$1,518.30Nov 20, 2025
- Record close$2,797.67Jan 23, 2026
- 12-month change-4.7%from Oct 24, 2025
Daily closing prices from OWNx market data since 2010. The spot figure above is live; these four are closes.
Platinum price per ounce, gram and kilo
Platinum is weighed in troy ounces, the same as gold and silver. One troy ounce is 31.103 grams, and a troy pound is 12 troy ounces rather than 16. Platinum is also denser than gold, at 21.45 g/cm³ against gold’s 19.32, so a platinum bar of the same dimensions weighs more.
| Weight | Platinum value (USD) |
|---|---|
| 1 troy ounce | $1,542.00 |
| 1 gram | $49.58 |
| 1 pennyweight | $77.10 |
| 10 troy ounces | $15,420.00 |
| 1 kilogram | $49,576.45 |
| 1 pound (avoirdupois) | $22,487.50 |
| 1 troy pound (12 oz) | $18,504.00 |
What a platinum bar or coin is worth today
Values are melt value at today’s spot for .9995 platinum, the standard investment fineness. Retail prices run above these by the dealer’s premium, which on platinum is typically wider than on gold because the market is smaller and less liquid.
Platinum jewelry is usually marked PLAT, PT950 or 950, meaning 95% platinum, noticeably purer than 14K or 18K gold jewelry, which is why a platinum ring feels substantially heavier than a gold one of the same design. One troy ounce of 950 platinum holds $1,464.90 of metal.
| Item | Purity | Platinum content | Value at spot | Take delivery |
|---|---|---|---|---|
| 1 gram bar | .9995 | 1 g | $49.55 | Check availability |
| 1 troy ounce bar | .9995 | 31.10 g | $1,541.23 | 1 oz platinum bars |
| 10 troy ounce bar | .9995 | 311.03 g | $15,412.29 | Check availability |
| 1 kilo bar | .9995 | 1,000 g | $49,551.66 | Check availability |
| American Platinum Eagle | .9995 | 1 troy oz | $1,542.00 | Platinum Eagle |
| Canadian Platinum Maple Leaf | .9995 | 1 troy oz | $1,542.00 | Maple Leaf |
Why platinum is cheaper than gold
Platinum trades at $1,542.00 against a record close of $2,797.67 set on Jan 23, 2026. Over the last twelve months platinum has moved -4.7%. Rarity sets a floor on supply, but it does not set the price. Demand does, and platinum’s demand profile is very different from gold’s.
It is an industrial metal first
The majority of platinum demand is industrial, dominated by catalytic converters, with chemical, glass, medical and hydrogen applications behind it. That ties the price to manufacturing rather than to fear.
Central banks do not buy it
Central banks hold gold as a reserve asset and have been net buyers for over a decade. No central bank accumulates platinum, so it lacks the price floor that buying puts under gold.
Concentrated supply
The great majority of mine supply comes from South Africa, with Russia second. That concentration makes platinum vulnerable to power shortages, strikes and sanctions in a way gold is not.
A much smaller market
Annual platinum supply is a fraction of gold’s, so the same flow of investment money moves the price further. Platinum is the most volatile of the three metals OWNx offers.
Platinum has traded both above and below gold at different points in history. It sold at a premium to gold for most of the period from the 1970s to 2008, and at a discount for most of the years since. Neither state is the natural one. See also platinum against silver and how hard platinum actually is.
Platinum price history
Daily closing prices back to 2010.
Platinum closed at $1,542.00 per oz on Oct 26, 2026.One year earlier it was $1,618.87.The interactive chart needs JavaScript.
| Period | Date | Close | Change to now |
|---|---|---|---|
| Latest close | Oct 26, 2026 | $1,542.00 | — |
| 1 year ago | Oct 24, 2025 | $1,618.87 | -4.7% |
| 5 years ago | Oct 26, 2021 | $1,035.52 | +48.9% |
| All-time high (close) | Jan 23, 2026 | $2,797.67 | -44.9% |
Where OWNx fits
OWNx sells platinum at the spot price on this page, not at a premium over it. OWNx EDGE members ($14.99 a month or $149 a year) pay zero premium on every purchase; OWNx Standard accounts pay a 1.99%–5.99% premium that falls as you invest more. OWNx opens accounts at a $0 minimum with a $25 first purchase, so you can hold a fraction of an ounce of platinum rather than a whole coin, useful on a metal where one ounce is a meaningful commitment.
OWNx stores what you buy as allocated bars registered in your name at COMEX-approved IDS vaults in Delaware and Texas, held off the OWNx balance sheet and insured all-risk through Lloyd’s of London. OWNx buys it back at the live bid with no selling fee, and proceeds land in your OWNx Cash Account immediately. OWNx has operated in precious metals since 2008 and is a National Coin and Bullion Association member and an LBMA Associate.
Gold, silver and platinum sit in one account. When you want the metal in hand, take physical delivery of any bar or coin above.
Frequently asked questions
How much is 1 oz of platinum today?
One troy ounce of .9995 platinum is $1,542.00 at the spot price, as of the Oct 26, 2026 close. A one-ounce bar or coin sells for that figure plus the dealer’s premium, which is usually wider on platinum than on gold.
How much is 1 gram of platinum worth?
One gram of .9995 platinum is $49.58 at today’s spot price. One gram of 950 platinum jewelry holds $47.10 of metal.
Why is platinum cheaper than gold if it is rarer?
Rarity limits supply but demand sets the price. Most platinum demand is industrial, principally catalytic converters, so it tracks manufacturing rather than investor fear. No central bank holds platinum as a reserve asset, so it lacks the steady official buying that supports gold. Platinum traded above gold for most of the years between the 1970s and 2008.
Is platinum a good investment?
It behaves differently from gold, which is the argument for holding some: industrial exposure, concentrated supply and a small market make it more volatile in both directions. Platinum has moved -4.7% over the last twelve months, against a record close of $2,797.67 set on Jan 23, 2026.
What is today’s spot price for platinum?
The platinum spot price is $1,542.00 per troy ounce, as of the Oct 26, 2026 close. Spot is the price for immediate delivery of one troy ounce and is the benchmark every dealer quotes against.
How much is platinum jewelry worth?
Platinum jewelry marked PLAT, PT950 or 950 is 95% platinum, so one gram holds $47.10 of metal at today’s price. Weigh the piece in grams and multiply. As with gold, expect a scrap offer well below melt value, since refiners price in cost and risk.
Keep reading
Understanding platinum
Take delivery
Compare
Other metals
Spot prices on this page come from OWNx’s own market data and update in your browser as the market moves. Spot is a benchmark for .9995 platinum and does not include dealer premiums, shipping or refining costs. This page is information, not investment advice.
Buy platinum at the spot price.
Open a free account with a $0 minimum. EDGE members pay zero premium on every purchase.