Platinum prices averaged USD 958 per troy ounce in April, down 2.2% from March. On 30 April, the commodity traded at USD 972 per troy ounce, down 2.1% from 31 March.
Platinum prices started April on a weaker footing: The U.S. levied a 25% duty on car imports on 3 April, denting demand for platinum as its main use is in catalytic converters for internal combustion engine vehicles. Prices rebounded later in the month after Trump walked back higher “reciprocal” tariffs on dozens of trade partners. Moreover, concerns over trade policy and Trump’s threats to fire the Fed’s chair stoked safe-haven demand. A weaker USD and a monthly dip in Treasury bond yields added upward pressure.
This chart displays Platinum (US$/toz) from 2023 to 2025.
Platinum LME (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Platinum LME | - | 1,026 | 931 | 914 | 911 | 980 | 964 | 966 | 968 | - | - | - |