Commodity Origins

Platinum price history, 1960 to 2026

London afternoon fix averaged $1,784/troy oz in September 2026, +24% over twelve months and +70% over ten years. The nominal all-time high was $2,434/troy oz in January 2026; in 2024 dollars the real peak was $3,502/troy oz in February 1980. Monthly averages, World Bank Pink Sheet.

Converted from USD at the latest available monthly average rate (Federal Reserve via FRED); the chart and tables below stay in USD.

Platinum monthly prices, $/troy oz, Jan 1960 to Aug 2026Line chart of platinum monthly prices in $/troy oz from Jan 1960 to Aug 2026: London afternoon fix from 84 to 1,784, peaking at 2,434; Platinum, spot (IMF) from 341.2 to 1,782, peaking at 2,414.05001,0001,5002,0002,50019601965197019751980198519901995200020052010201520202025$/troy ozOPEC oil embargo, Oct 1973 (Embargo announced 17 October 1973, following the Yom Kippur War (6 October 1973))Iranian Revolution, Jan 1979 (Shah of Iran deposed, 16 January 1979)Iraq invades Kuwait, Aug 1990 (2 August 1990)Asian financial crisis begins, Jul 1997 (Thailand floats the baht, 2 July 1997)September 11 attacks, Sep 2001 (11 September 2001)Lehman Brothers collapse, Sep 2008 (NBER Business Cycle Dating Committee, US recession December 2007–June 2009)Fukushima Daiichi nuclear accident, Mar 2011 (11 March 2011)OPEC holds output steady amid oversupply, Nov 2014 (OPEC 166th Meeting, 27 November 2014)COVID-19 declared a pandemic, Mar 2020 (World Health Organization, 11 March 2020)Russia invades Ukraine, Feb 2022 (24 February 2022)Israel-Hamas war begins, Oct 2023 (7 October 2023)
London afternoon fixPlatinum, spot (IMF)

Dashed lines: OPEC oil embargo (Oct 1973); Iranian Revolution (Jan 1979); Iraq invades Kuwait (Aug 1990); Asian financial crisis begins (Jul 1997); September 11 attacks (Sep 2001); Lehman Brothers collapse (Sep 2008); Fukushima Daiichi nuclear accident (Mar 2011); OPEC holds output steady amid oversupply (Nov 2014); COVID-19 declared a pandemic (Mar 2020); Russia invades Ukraine (Feb 2022); Israel-Hamas war begins (Oct 2023). Hover a line for the source of its date.

Derived price statistics per series
SeriesLatest1 month12 months5 years10 years20 yearsAll-time high (nominal)All-time high (real, 2024 US$)
London afternoon fix
$/troy oz, since 1960
1,784
September 2026
+0%+24%+83%+70%+51%2,434
January 2026
3,502
February 1980
Platinum, spot (IMF)
$/troy oz, since 1992
1,782
August 2026
+10%+34%+77%+59%+44%2,414
January 2026
2,992
May 2008

Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.

Source: World Bank Pink Sheet, 2026-10-02, fetched 6 October 2026 (CC BY 4.0); IMF PCPS, 2026-09-08, fetched 6 October 2026 (© International Monetary Fund. All rights reserved (IMF terms of use)).

Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how platinum is priced.

Monthly platinum prices by decade

Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.

London afternoon fix ($/troy oz)

London afternoon fix monthly prices, 2020s, $/troy oz
YearJanFebMarAprMayJunJulAugSepOctNovDecAverage
20209879617597547908218659409088769121,028883.4
20211,0911,2071,1811,2091,2141,1241,0861,0099731,0171,0389451,091
20229941,0491,0439659589578699098819159891,011961.7
20231,0539599711,0511,063971950925921892906935966.4
20249268949099401,015985979945967999966938955.3
20259499789809599801,2511,3911,3431,4351,6161,5651,8931,278
20262,4342,1372,0462,0281,9981,7261,6221,7801,7841,951

Platinum, spot (IMF) ($/troy oz)

Platinum, spot (IMF) monthly prices, 2020s, $/troy oz
YearJanFebMarAprMayJunJulAugSepOctNovDecAverage
2020986.7961.1759752.5793.7820.8862.2940.2907.2876.3913.81,026883.2
20211,0901,2071,1811,2081,2121,1241,0871,008975.21,0171,036945.31,091
2022993.81,0491,043963.7958.3954.1870909879914.79891,006960.9
20231,053958.9970.61,0481,059970.6947925922.8891.4906.9946.7966.6
2024929.3894.3908.7940.31,015984.8981.2944964.9998.9962.9935.6955
2025947.7978.3980958.31,0211,2401,3911,3341,4301,6181,5641,8981,280
20262,4142,1412,0542,0171,9911,7381,6161,7821,969

Method

Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.

Downloads

Cite as: Commodity Origins, "Platinum price history (1960–2026)", https://commodityorigins.com/prices/platinum/, data 2026-10-02. Data updated 22 October 2026.