Platinum futures fell to around $1,900 an ounce, easing from a two-week high amid a broader retreat across precious metals. The decline came as the US dollar firmed after President Trump gave no clear timeline for ending the Middle East conflict. In his speech, Trump said Washington’s core strategic objectives in Iran were nearing completion but warned that military operations could continue with intensified strikes over the next two to three weeks. Oil prices also resumed their advance, adding to inflation concerns and reinforcing expectations of tighter monetary police across major central banks. Platinum was further weighed by profit-taking after a strong rally in late 2025 and early 2026, alongside weakening automotive demand and expectations of rising supply. The ongoing shift toward electric vehicles is reducing demand from catalytic converters, while increased recycling, particularly in Europe, is expected to narrow the market deficit despite it still remaining in shortfall.

Platinum fell to 1,919 USD/t.oz on April 2, 2026, down 3.55% from the previous day. Over the past month, Platinum's price has fallen 7.54%, but it is still 105.09% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Platinum reached an all time high of 2923.70 in January of 2026. Platinum - data, forecasts, historical chart - was last updated on April 2 of 2026.

Platinum fell to 1,919 USD/t.oz on April 2, 2026, down 3.55% from the previous day. Over the past month, Platinum's price has fallen 7.54%, but it is still 105.09% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum is expected to trade at 2044.66 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2234.03 in 12 months time.



Price Day Month Year Date
Gold 4,621.14 -164.11 -3.43% -9.19% 48.45% Apr/02
Silver 71.18 -3.908 -5.20% -13.18% 123.10% Apr/02
Copper 5.53 -0.0929 -1.65% -4.20% 15.16% Apr/02
Steel 3,109.00 6.00 0.19% 1.37% -2.08% Apr/02
Lithium 159,500.00 -2000 -1.24% -0.93% 115.83% Apr/02
Platinum 1,918.40 -71.30 -3.58% -7.57% 105.02% Apr/02
Iron Ore 107.51 1.13 1.06% 7.71% 3.13% Apr/01


Platinum
Platinum is mostly traded on the New York Mercantile Exchange, the Tokyo Commodity Exchange and the London Bullion Market. Platinum futures contract trades in units of 50 troy ounces. Platinum is among the world's scarcest metals and is used primarily in the production of automotive catalytic converters, in petroleum refineries and in the chemical and electrical industry. South Africa accounts for 80% of production followed by Russia and North America. Platinum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
1919.00 1989.70 2923.70 97.70 1968 - 2026 USD/t oz. Daily

News Stream
Platinum Eases from 2-Week High
Platinum futures fell to around $1,900 an ounce, easing from a two-week high amid a broader retreat across precious metals. The decline came as the US dollar firmed after President Trump gave no clear timeline for ending the Middle East conflict. In his speech, Trump said Washington’s core strategic objectives in Iran were nearing completion but warned that military operations could continue with intensified strikes over the next two to three weeks. Oil prices also resumed their advance, adding to inflation concerns and reinforcing expectations of tighter monetary police across major central banks. Platinum was further weighed by profit-taking after a strong rally in late 2025 and early 2026, alongside weakening automotive demand and expectations of rising supply. The ongoing shift toward electric vehicles is reducing demand from catalytic converters, while increased recycling, particularly in Europe, is expected to narrow the market deficit despite it still remaining in shortfall.
2026-04-02
Platinum Holds Above $1,900
Platinum futures steadied above $1,900 an ounce, holding its rebound from a three-month low as precious metals broadly advanced on signs of de-escalation in Middle East tensions. President Trump told aides he is willing to end the war against Iran even if the Strait of Hormuz remains largely closed, while reports suggested Iran’s President may consider ending the conflict under certain conditions. This could lead to lower oil prices and ease concerns over further central bank rate hikes. Still, platinum remained under pressure from profit-taking, weakening automotive demand, and growing supply. After a strong rally in late 2025 and early 2026, investors are now locking in gains. Automotive demand, the largest industrial use for platinum, is also set to decline further as the shift to electric vehicles reduces reliance on catalytic converters. Although the market remains in deficit, the shortfall is expected to narrow due to increased recycling supply, particularly in Europe.
2026-04-01
Platinum Heads for Sharp Monthly Drop
Platinum futures rose above $1,900 an ounce, but remained on track for a roughly 18% decline in March, marking its worst monthly performance since October 2008. The war in the Middle East continued to broaden in the region with no end in sight, pushing the US dollar and bond yields higher. This reduced the appeal of non-yielding assets, while rising inflation risks due to elevated energy prices strengthened expectations of monetary tightening by major central banks. Platinum also remained under pressure from profit-taking, weakening automotive demand, and growing supply. After a strong rally in late 2025 and early 2026, investors are now locking in gains. Automotive demand, the largest industrial use for platinum, is also set to decline further as the shift to electric vehicles reduces reliance on catalytic converters. Although the market remains in deficit, the shortfall is expected to narrow due to increased recycling supply, particularly in Europe.
2026-03-30