Platinum Price History
Interactive platinum price chart with historical data and key statistics.
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Understanding Platinum Prices
Platinum is one of the rarest precious metals, roughly 30 times scarcer than gold. Its price is heavily influenced by automotive industry demand, as platinum is a key component in catalytic converters for diesel engines.
Historically, platinum traded at a premium to gold, but this relationship has shifted in recent years due to the decline in diesel vehicle production and changes in industrial demand patterns. Many investors view platinum as undervalued relative to its historical relationship with gold.
Supply constraints also play a significant role — the majority of global platinum production comes from South Africa and Russia, making it susceptible to geopolitical and labor-related supply disruptions.