Platinum prices averaged USD 1,240 per troy ounce in June, up 21.4% from May. On 30 June, the commodity traded at USD 1,350 per troy ounce, up 26.1% from 30 May.
Platinum prices rose at the fastest pace in the post-Covid era in June, hitting the highest level in over a decade. The gold-platinum price ratio remained near multi-decade highs, fueling platinum jewelry buying in China as producers turned to the cheaper material. A weaker USD and geopolitical tensions boosted prices further. Supply-wise, the World Platinum Investment Council recently reported a wider-than-previously-expected market deficit, adding upward pressure on prices.
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 | - | - | 931 | 914 | 911 | 980 | 964 | 966 | 968 | 1,070 | - | - |