Platinum Futures – NYMEX

Platinum price for the NYMEX benchmark contract, traded in the United States.

Platinum futures traded on NYMEX are a leading global benchmark for platinum prices, widely used as a reference for industrial and investment demand.

Current value
USD / troy oz
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Last updated
Ticker
PL=F
Exchange
NYMEX
Currency
USD
Unit
USD / troy oz

Price history

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Historical performance

Period Performance
Today
1 month
1 year
5 years

Calculated live from Yahoo Finance closing prices (unofficial public proxy) — may be temporarily unavailable or delayed.

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Key facts

Quotation unit1 troy ounce (50 troy ounce contract)
Main producing countriesSouth Africa, Russia
Main industrial useCatalytic converters for diesel engines
Other usesJewelry, hydrogen fuel cells
StatusPrecious metal with a strong industrial component, rarer than gold
MarketTraded continuously on the NYMEX (New York)
Standard contract: 50 troy ounces (about 1,555 grams) South Africa alone accounts for the majority of the world's platinum production Platinum is also a key component of hydrogen fuel cells, a growing energy technology

What is "the platinum price"?

The platinum price quoted here corresponds to the futures contract traded on the NYMEX in New York, expressed in dollars per troy ounce (about 31.1 grams). It is the most widely followed global benchmark for this precious metal.

How do I invest in platinum?

Individual investors can hold physical platinum (bars, coins), physically-backed ETFs, or use futures or CFDs (leveraged, higher-risk products); some gain indirect exposure through shares of mining companies.

Why is platinum linked to the auto industry?

Platinum is a key component of catalytic converters in diesel engines, which convert polluting exhaust gases before release into the atmosphere, making its demand sensitive to diesel vehicle sales and emissions standards. It is also used in hydrogen fuel cells, a developing energy technology.

Price and chart data fetched live from Yahoo Finance via an unofficial public proxy: it may be delayed, temporarily unavailable or inaccurate. Nothing on this page constitutes investment advice.