Platinum spot price
Market
Price per unit
LBMAOfficial benchmark
The LBMA is the London Bullion Market Association. Twice a day the major bullion banks settle on one official price, the fix. It's the number the physical bullion trade quotes against, so dealers set their premiums over it.
Published twice a day in London. The afternoon fix is the most recent.
Current fix set June 26, 2026, 2:00 p.m. London time
Gold-to-Platinum ratio
How many ounces of platinum one ounce of gold buys at live spot. Stackers watch the gold-to-silver version to judge which metal is the better value right now.
Melt value calculator
The raw metal value of an item at the live spot price. Pick the metal, its purity, and the weight.
This is just the metal value. To check if the price you're paying for a platinum coin or bar is a deal, use the Quick Check calculator.
Is a specific platinum coin or bar a fair price?
Spot is the raw metal. platinum coins and bars always sell a bit above it, and a normal premium is not overpaying. To judge a real listing, use Quick Check, our platinum price calculator. It compares the all-in price against typical dealer retail, so you see whether it is a deal.
Open the platinum price calculatorLive market data. LBMA figures are the official daily benchmark.
What moves the Platinum price
Platinum is mostly an industrial metal, and the car business drives it. Most platinum goes into catalytic converters that clean exhaust, especially in diesel engines, so demand tracks auto production and emissions rules. Supply is the other half of the story and it's tight. A large share comes from a small number of mines in South Africa, so a power cut or a strike there can move the price fast. Platinum also trades partly as a precious metal, so the same forces that move gold nudge it too. It has spent stretches both above and below gold, which is unusual and worth watching.
Common questions
What is the spot price?
Spot is the live price of one troy ounce of the pure metal, the baseline the whole market quotes against. It's the raw metal value, before any coin or bar premium. Our price updates through the day in the currency you pick.
What is the LBMA fix?
The LBMA (London Bullion Market Association) sets an official benchmark price twice a day, in the morning and the afternoon. The major bullion banks settle on one number, and the physical metal trade quotes against it. It's the most authoritative reference price for bullion.
Why does a coin or bar cost more than spot?
Spot is the raw metal only. Coins and bars always sell a bit above it to cover minting, distribution, and the dealer's margin. That extra is the premium, and a normal premium is not overpaying. To judge a real listing, check the all-in price against typical dealer retail.
What is a troy ounce?
A troy ounce is the standard unit for precious metals. It weighs about 31.1 grams, which is roughly 10 percent more than the regular (kitchen) ounce of 28.35 grams. Always price bullion in troy ounces, not regular ounces.
What is a pennyweight?
A pennyweight (dwt) is one twentieth of a troy ounce, about 1.555 grams. Jewelry and scrap-gold dealers often quote prices per pennyweight, so it's handy when comparing what a buyer is offering for jewelry.
Buying Platinum at auction?
Spot moves every day. Bookmark this page and check back any time.