Platinum Price

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Live Prices as of: June 24th 2024 02:46:04 AM
Last LBMA Price Update: June 24th 2024 06:46:04 AM

Platinum Price | 24 hours

Summarized Platinum Price Table

# Date/Time Price
1 12:00 AM $968.12 USD

Detailed Platinum Price Table

# Date/Time Price
1 12:00 AM $968.12 USD
2 06:00 AM $968.29 USD
3 12:00 PM $968.12 USD
4 06:00 PM $968.12 USD
5 12:00 AM $997.31 USD
6 06:00 AM $996.90 USD

Platinum Price | 15 Days

Summarized Platinum Price Table

# Date/Time Price
1 06/10/2024 $974.04 USD
2 06/14/2024 $954.65 USD
3 06/18/2024 $975.17 USD
4 06/22/2024 $968.12 USD

Detailed Platinum Price Table

# Date/Time Price
1 06/10 $974.04 USD
2 06/11 $963.69 USD
3 06/12 $962.71 USD
4 06/13 $954.01 USD
5 06/14 $954.65 USD
6 06/15 $944.34 USD
7 06/16 $944.34 USD
8 06/17 $963.40 USD
9 06/18 $975.16 USD
10 06/19 $979.19 USD
11 06/20 $981.93 USD
12 06/21 $991.84 USD
13 06/22 $968.12 USD
14 06/23 $968.16 USD
15 06/24 $997.11 USD

Platinum Price | 3 Months

Summarized Platinum Price Table

# Date/Time Price
1 04/21/2024 $920.12 USD
2 05/05/2024 $972.98 USD
3 05/26/2024 $1,038.27 USD
4 06/09/2024 $957.58 USD

Detailed Platinum Price Table

# Date/Time Price
1 04/21 $920.12 USD
2 04/28 $931.90 USD
3 05/01 $952.63 USD
4 05/05 $972.98 USD
5 05/12 $1,032.07 USD
6 05/19 $1,038.17 USD
7 05/26 $1,038.27 USD
8 06/01 $1,009.16 USD
9 06/02 $999.68 USD
10 06/09 $957.58 USD
11 06/16 $972.00 USD
12 06/23 $977.81 USD

Platinum Price | 12 Months

Summarized Platinum Price Table

# Date/Time Price
1 07/23 $947.41 USD
2 08/23 $926.07 USD
3 09/23 $925.97 USD
4 10/23 $893.49 USD
5 11/23 $909.07 USD
6 12/23 $952.59 USD
7 01/24 $930.26 USD
8 02/24 $897.91 USD
9 03/24 $911.06 USD
10 04/24 $942.27 USD
11 05/24 $1,011.06 USD
12 06/24 $977.90 USD

Detailed Platinum Price Table

# Date/Time Price
1 06/15 $979.71 USD
2 06/30 $901.54 USD
3 07/15 $977.82 USD
4 07/30 $939.38 USD
5 08/15 $895.84 USD
6 08/30 $981.69 USD
7 09/15 $920.66 USD
8 09/30 $910.80 USD
9 10/15 $889.13 USD
10 10/30 $920.56 USD
11 11/15 $891.64 USD
12 11/30 $937.40 USD
13 12/15 $957.77 USD
14 12/30 $999.36 USD
15 01/15 $916.18 USD
16 01/30 $929.96 USD
17 02/15 $898.66 USD
18 03/15 $937.62 USD
19 03/30 $910.63 USD
20 04/15 $979.78 USD
21 04/30 $948.41 USD
22 05/15 $1,059.36 USD
23 05/30 $1,035.68 USD
24 06/15 $944.34 USD

Platinum Price | 5 Years

Summarized Platinum Price Table

# Date/Time Price
1 2020 $889.10 USD
2 2021 $1,008.93 USD
3 2022 $937.35 USD
4 2023 $968.39 USD
5 2024 $944.23 USD

Detailed Platinum Price Table

# Date/Time Price
1 12/19 $934.03 USD
2 06/20 $826.25 USD
3 12/20 $1,037.63 USD
4 06/21 $1,122.92 USD
5 12/21 $954.11 USD
6 06/22 $956.13 USD
7 12/22 $1,017.96 USD
8 06/23 $975.85 USD
9 12/23 $952.59 USD
10 06/24 $977.90 USD

Custom Platinum Price Dates

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Learn More About the Spot Price of Platinum

platinumIn late September 2015, commodities investors were shocked by platinum prices falling across various marketplaces around the world. At the New York Mercantile Exchange (Nymex), futures contracts for platinum delivery in January were priced at just $900 per ounce, which was a drop of 2.5 percent or $20 in a single trading session.

Market analysts who specialize in precious metals noted that the substantial drop in platinum prices was due to concerned investors who reacted to news about Volkswagen, the largest automaker in the world, which was caught in a cheating scandal that has tarnished the brand and could significantly future demand.

How is the Price of Platinum Calculated?

preciousmetalpricestableLike other precious metals, platinum is an investment commodity that is normally traded as part of futures contracts, which means that platinum is subject to the whim factors of the market: supply, demand, speculation, geopolitical events, and investor sentiment. The contract size for platinum is 50 troy ounces, and the spot price per ounce is calculated based on the aforementioned factors.

Who Sets the Price of Platinum?

When it comes to platinum, the Nymex sets a minimum fluctuation of $0.10 per ounce. The price is reported with great fanfare to the Wall Street Journal and other financial news media outlets at the end of each trading session, but this is a formality; trading computers and software report the ongoing spot price of platinum futures on a 24-hour cycle.

What Factors Affect the Price of the Platinum?

Industrial demand should be the number one factor affecting platinum prices; however, speculation and investor sentiment tend to be very strong factors that impact pricing. The great price drop of September 2015 is an immediate market reaction to the use of platinum in the manufacturing of catalytic converters, which are used to reduce emissions in diesel-powered vehicles. The Volkswagen scandal suggests that the manufacturer tinkered with in-vehicle software to defeat emissions testing, which is a finding that has upset drivers around the world. Assuming the production at Volkswagen will be substantially reduced, platinum inventories may languish and the price will drop.

How is Platinum Used These Days?

Aside from car manufacturers, watchmakers, testing laboratories, medical instrument manufacturers, and nautical equipment makers also utilize platinum as part of their industrial output. Platinum has largely come to replace gold in industrial settings. To a certain extent, platinum is also used b y jewelers.

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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