Platinum (XPT)
Platinum (XPT) spot price: $1,636.03. Market cap: $409.01 billion. Above-ground supply: 250,000,000 troy ounces. 52-week range: $983.10 – $2,921.28.
Data as of 2026-10-16 21:56 UTC.
Platinum FAQ
What does "XPT" mean?
XPT is the price of one troy ounce of platinum. "XPT" is the ISO code for platinum, X marks a non-national commodity, and PT is platinum's chemical symbol (the name comes from the Spanish platina), paired against currency of your choice. For example, a quote of XPT/USD = 1,000 simply means one troy ounce of platinum costs $1,000 in USD.
How is the platinum spot price determined, and who sets it?
No single exchange sets the platinum spot price. The price here emerges from continuous over-the-counter trading between banks, dealers, and institutions globally. The figure shown here reflects this global interbank spot market, aggregated in real time.
How often is the platinum price on this page updated?
The platinum price refreshes in real time during global trading hours as new market quotes arrive, pausing only for a short daily break and over the weekend when major markets close. This means the price you see closely tracks live market conditions. The frontend cache here may be delayed by up to ~1 minute though, which is subject to our policy changes in the future.
Why does the platinum price fluctuate throughout the trading day?
Platinum's price shifts constantly as supply and demand move across markets in different time zones. It's driven heavily by industrial and automotive demand, especially catalytic converters, and by supply concentration, since most platinum is mined in just a few countries. Broader forces like the U.S. dollar, interest rates, and geopolitics also play a role, and any of these can move the price within minutes.
What does "above-ground supply" of platinum mean?
Above-ground supply is all the platinum ever mined that still exists in recoverable form today, held as bars, coins, jewelry, and industrial stocks. Because so much platinum is consumed in industrial and automotive applications, above-ground stocks are relatively small, though some is recovered through recycling. It's a key metric because platinum's market value rests on this limited existing supply, not just newly mined output. It's updated per year.
What is a troy ounce (ozt), and how does it differ from a standard ounce?
A troy ounce is the standard unit for weighing precious metals and equals about 31.1 grams. It's heavier than a standard (avoirdupois) ounce of about 28.35 grams, roughly a 10% difference. Standard platinum prices are quoted per troy ounce.
See also: Home · Metals · Metal Supply Data: Gold, Silver & Copper · COMEX Gold & Silver Inventory · M2 Money Supply vs Gold & Metal Prices · Methodology: How ResourceCap Calculates Market Data