Platinum Prices

Platinum prices averaged USD 1,786 per troy ounce in September, up 0.2% from August. On 30 September, the commodity traded at USD 1,714 per troy ounce, down 9.0% from 31 August.

Average platinum prices were broadly stable in September after clocking their strongest monthly performance since January in August. A stronger U.S. dollar, rising Treasury yields and expectations of higher interest rates were largely offset by tight supply conditions in South Africa, which accounts for over 70% of global primary supply. Platinum prices were accordingly more resilient than prices for the other precious metals.