Platinum ingots

Platinum Price Outlook

Platinum prices have lost some ground over the last month amid improved supply and soft demand. On 15 May, platinum traded at USD 768 per troy ounce, which was down 1.3% from the same day last month. Furthermore, the price was 20.9% lower on a year-to-date basis and was down 9.2% from the same day in 2019. Prices have edged down over the last month, likely in part due to a resumption of mining activity in South Africa—the key global producer of platinum. Mines in the country are now allowed to operate at 50% capacity following the easing of lockdown measures. Moreover, jewelry and automotive demand is likely feeble, weighed on by global containment measures and higher unemployment, putting further downward pressure on platinum prices.

Platinum Price History Data (USD per troy ounce, aop)

2015  2016  2017  2018  2019  
Platinum 1051.85  987.37  948.13  879.15  863.77  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Platinum Historical Price Chart


Platinum historical price chart
Note: Platinum prices in USD per troy ounce (toz). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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