Platinum futures fell to $950 per ounce, not far from the two-month low of $930 touched on November 13th, tracking the broad decline for bullion assets as markets pared their demand for safety. Investors interpreted US President-elect Trump’s nomination of Scott Bessent as Treasury Secretary as a prudential choice, limiting recent concerns that nominations of individuals in Trump’s close circle would lead to extreme policies. In the meantime, markets also pulled back on concerns over wider European participation in the war between Russia and Ukraine following aggressive missile strikes last week. Consequently, markets eased their demand for safety in bullion and increased their exposure to risk. Still, the total mine supply in 2024 is expected to be lower due to a decline in refined production in South Africa, Zimbabwe, Russia, and North America, according to the World Platinum Investment Council (WPIC).

Platinum decreased 56.35 USD/t oz. or 5.71% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Platinum reached an all time high of 2290 in March of 2008. Platinum - data, forecasts, historical chart - was last updated on November 27 of 2024.

Platinum decreased 56.35 USD/t oz. or 5.71% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum is expected to trade at 1004.77 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1069.14 in 12 months time.





Price Day Month Year Date
Gold 2,651.37 19.13 0.73% -3.39% 29.91% Nov/27
Silver 30.60 0.190 0.62% -9.23% 22.38% Nov/27
Copper 4.09 0.0365 0.90% -5.79% 7.51% Nov/27
Steel 3,290.00 3.00 0.09% -1.05% -16.03% Nov/27
Iron Ore 102.06 0.05 0.05% -2.01% -21.75% Nov/26
Lithium 78,600.00 -300 -0.38% 8.41% -35.31% Nov/27
Platinum 930.40 3.70 0.40% -10.31% -1.01% Nov/27


Platinum
Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world's scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry. South Africa accounts for 80% of production followed by Russia and North America. Platinum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
930.90 926.70 2290.00 97.70 1968 - 2024 USD/t oz. Daily