PGM prices · Platinum
Platinum Price Today
Platinum is a precious platinum group metal used in catalytic converters, jewellery and industry. Below is the platinum price today per troy ounce, per gram and per kilogram, with a daily price chart, recent price history and prices in major currencies, including UAE dirhams. Prices update every hour.
$1,678.92 per troy oz
-1.26% vs previous close (12 Oct 2026)
Platinum Price per Gram, Ounce and Kilogram
| Unit | Price (USD) |
|---|---|
| Troy ounce | $1,678.92 |
| Gram | $53.98 |
| Kilogram | $53,978.57 |
1 troy ounce = 31.1034768 grams.
Metal reference prices are not catalytic converter purchase offers. The value of a converter depends on the amount of each metal it contains, which is confirmed by sampling and analysis.
Platinum is one of the catalyst metals inside car catalytic converters.
Platinum Price Chart
Daily platinum prices for the selected period. Switch between 7 days, 30 days, 3 months and 1 year; the figures below the chart are calculated for the same period.
- Change over 30 days
- -6.61%
- Lowest daily value
- $1,635.00 8 Oct 2026
- Highest daily value
- $1,842.38 23 Sep 2026
- Average daily value
- $1,745.03
Values in USD per troy oz, calculated from daily data.
Market snapshot
Platinum Market Snapshot
Platinum is at $1,678.92 per troy oz, down 1.26% against the previous close (12 Oct 2026). Over the last 30 days the price fell 6.61%. The lowest daily value was $1,635.00 on 8 Oct 2026 and the highest was $1,842.38 on 23 Sep 2026. The current price is 3.79% below the 30-day average of $1,745.03.
Figures in USD per troy ounce, based on data updated 13 Oct 2026, 15:05 UTC.
Platinum Prices in Major Currencies
Platinum price per troy ounce, gram and kilogram in the main currencies, converted from the US dollar price with exchange rates from the same update.
The platinum price per gram in the UK is shown in British pounds (GBP) in the table and with the currency switch at the top of the page.
| Currency | per troy oz | per gram | per kg |
|---|---|---|---|
| USD US Dollar | $1,678.92 | $53.98 | $53,978.57 |
| EUR Euro | €1,500.40 | €48.24 | €48,238.89 |
| GBP British Pound | £1,267.82 | £40.76 | £40,761.50 |
| AED UAE Dirham | AED 6,166.27 | AED 198.25 | AED 198,250.25 |
| INR Indian Rupee | INR 159,739.55 | INR 5,135.75 | INR 5,135,745.75 |
| SAR Saudi Riyal | SAR 6,305.43 | SAR 202.72 | SAR 202,724.16 |
United Arab Emirates
Platinum Price in UAE Today (AED)
The UAE dirham is pegged to the US dollar at about 3.6725 dirhams per dollar, so the platinum rate in the UAE and in Dubai moves almost exactly with the US dollar price.
The table shows today's platinum reference price in dirhams per troy ounce, per gram and per kilogram. Retail prices in shops include premiums and charges and will be higher.
| Currency | per troy oz | per gram | per kg |
|---|---|---|---|
| AED UAE Dirham | AED 6,166.27 | AED 198.25 | AED 198,250.25 |
Recent Platinum Price History
Daily platinum reference prices for the last 14 days, with the change from the previous day. Prices follow the selected currency.
| Date (UTC) | Per troy oz | Per gram | Per kg | Price per troy oz | Daily change |
|---|---|---|---|---|---|
| $1,700.36 | $54.67 | $54,667.99 | $1,700.36 | +0.56% | |
| $1,690.89 | $54.36 | $54,363.42 | $1,690.89 | -0.05% | |
| $1,691.74 | $54.39 | $54,390.82 | $1,691.74 | +2.27% | |
| $1,654.27 | $53.19 | $53,186.14 | $1,654.27 | +1.18% | |
| $1,635.00 | $52.57 | $52,566.60 | $1,635.00 | -4.62% | |
| $1,714.24 | $55.11 | $55,113.99 | $1,714.24 | -0.39% | |
| $1,720.97 | $55.33 | $55,330.53 | $1,720.97 | +0.59% | |
| $1,710.89 | $55.01 | $55,006.27 | $1,710.89 | +0.54% | |
| $1,701.71 | $54.71 | $54,711.24 | $1,701.71 | 0.00% | |
| $1,701.71 | $54.71 | $54,711.24 | $1,701.71 | -1.40% | |
| $1,725.91 | $55.49 | $55,489.30 | $1,725.91 | +1.04% | |
| $1,708.13 | $54.92 | $54,917.55 | $1,708.13 | -0.41% | |
| $1,715.08 | $55.14 | $55,141.18 | $1,715.08 | +0.02% | |
| $1,714.80 | $55.13 | $55,132.08 | $1,714.80 | -2.92% |
Daily reference values. Days without data are not shown.
Market drivers
What Moves the Platinum Price
The main factors behind changes in the platinum price, and why the market reacts to them.
01
Concentrated supply
Supply is concentrated: most mined platinum comes from South Africa, followed by Russia and Zimbabwe, so mine output, power supply and labour issues there can move the price.
02
Broad demand
Demand comes from vehicle catalytic converters, jewellery, industrial uses such as chemical and glass production, and investment.
03
Recycling
Recycled platinum from used catalytic converters and jewellery is an important secondary source of supply.
04
US dollar
Like other metals priced in US dollars, platinum is also affected by changes in the strength of the dollar.
Sources: Johnson Matthey PGM Market Report 2026; USGS platinum-group metals statistics.
Catalytic converters
Platinum in Catalytic Converters
Platinum is used in catalytic converters to oxidise carbon monoxide and unburned hydrocarbons. It is especially common in diesel vehicles, while petrol vehicles often rely more on palladium together with rhodium.
How much platinum a converter contains depends on the vehicle, engine and emission standard. That is why a recycled converter is valued from its measured metal content rather than from the platinum price alone.
What determines a converter's value
01
Measured platinum, palladium and rhodium content, confirmed by sampling and assay
02
Weight of the catalyst material in the lot
03
Processing, recovery and refining terms
04
Current metal market prices
Methodology
How These Prices Are Calculated
Source
Prices come from an independent third-party market data provider. All values are calculated from US dollar prices and exchange rates published in the same update.
Updates
We check for new prices every hour. “Updated” shows the time of our last successful update in UTC. If updates fail for more than three hours, prices are marked as delayed.
Change
The change compares the latest price with the previous daily value (previous close) in the selected currency, using the exchange rate of each day.
Units
One troy ounce equals 31.1034768 grams and one kilogram equals 1,000 grams. Precious metals are quoted in troy ounces, which are heavier than ordinary ounces (28.35 grams).
History
Charts and tables use one value per day. Days without data are left blank and are never estimated.
Indicative prices
Prices are for information only. Dealer, refiner and recycler prices include premiums, fees and processing terms, so they will differ.
Converter material is sampled and analysed to measure its platinum, palladium and rhodium content.
Frequently Asked Questions
How much is platinum per gram today?
The current platinum price per gram is shown at the top of this page and in the price table. Use the unit switch to change between troy ounce, gram and kilogram, and the currency selector to see the price in euros, pounds or UAE dirhams.
How much is platinum per ounce?
The current platinum price per troy ounce is shown at the top of this page. Precious metals are quoted in troy ounces: one troy ounce equals 31.1034768 grams, about 10% more than an ordinary ounce of 28.35 grams.
What is platinum used for?
Platinum is used in vehicle catalytic converters, jewellery, catalysts for chemical and petroleum refining, glass production, electronics and medical devices, and as an investment metal.
Is the platinum rate in Dubai the same as the world price?
Market reference prices are global. In UAE dirhams the platinum price follows the US dollar price closely because the dirham is pegged to the dollar. Retail prices in shops include premiums and charges and are higher.
Does the platinum price show what a catalytic converter is worth?
No. A converter's value depends on how much platinum, palladium and rhodium it actually contains, measured by sampling and analysis, and on processing and refining terms. Contact us for an individual assessment.
Other PGM Prices
All PGM Prices
Platinum, palladium and rhodium side by side, with a comparison table and performance chart.
View PGM PricesPalladium Price Today
Palladium price per gram, troy ounce and kilogram, with a price chart and 14-day history.
View Palladium PriceRhodium Price Today
Rhodium price per gram, troy ounce and kilogram, with a price chart and 14-day history.
View Rhodium PriceRequest a Catalytic Converter Assessment
Our team assesses each lot individually, based on sampling and analysis of its platinum, palladium and rhodium content. Send us your details and we will get back to you.