Platinum Prices in the USA

Platinum price in the USA today

A gram of fine (999) platinum in the USA is 49.64 USD right now, an ounce 1,544.00 USD and a kilo 49,640.75 USD. Platinum .950 costs 47.16 USD per gram because it contains only 95.0% pure metal.

Platinum is priced globally in US dollars, so this page shows the base price before conversion to any other currency.

How we calculate these prices

We take the global price per ounce in dollars (1,544.00), divide by 31.1035 for the gram price, then multiply by the USD exchange rate and the purity. Prices are indicative and exclude making charges or dealer margins.

Platinum purity grades in the USA

• Fine platinum .999: 49.64 USD per gram — for bullion bars and coins.
• Platinum .950: 47.16 USD per gram — the usual standard for platinum jewellery, stamped PT950 or PLAT.
• Platinum .900: 44.68 USD per gram — also used in some jewellery.

What platinum is used for and what moves its price

Platinum is used in vehicle catalytic converters — especially diesel engines — jewellery, chemicals, glass-making and hydrogen fuel cells. Mining is concentrated in South Africa, which supplies roughly 70% of mined platinum, so mining and power news there moves the price.

Tips for buying platinum in the USA

• Platinum is denser than gold and does not corrode, but it develops a matte patina with wear that can be polished.
• Platinum bars and coins are less common than gold, so ask for the buy-back price before buying.
• Check the purity stamp on jewellery (PT950 or PT900).