Platinum prices averaged USD 1,782 per troy ounce in August, up 10.2% from July. On 31 August, the commodity traded at USD 1,884 per troy ounce, up 15.9% from 31 July.
Like the rest of the precious metals complex, platinum prices clocked their strongest monthly performance since January in August. Average platinum prices advanced amid a weaker U.S. dollar and the broader precious metal rally. Industrial demand likely provided support, with rising hybrid-vehicle production boosting autocatalyst consumption.
This chart displays Platinum (US$/toz) from 2024 to 2026.
Platinum LME (prices in US$/toz, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Platinum LME | - | - | 964 | 966 | 968 | 1,070 | 1,386 | 1,699 | 2,205 | 1,914 | - | - |