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Precious Metals Series coverage: 1900–2025

Platinum Historical Price Archive

Annual Platinum Prices from USGS Publications

Cite Data

Platinum is used in catalytic converters, chemical processing, jewelry and investment. This archive uses platinum-specific annual price tables published by the USGS.

Annual average platinum price: Platinum-specific USGS annual price tables. Historical quotation definitions change as documented in the source tables. 1907 is unavailable. The 2025 observation is a USGS estimate; no 2026 annual value is supplied.

Platinum Interactive Price History (1900–2025)

Inflation-Adjusted (Real 2026 USD)

Drag to pan, scroll to zoom, and hover for annual values.

Loading chart. Annual values are also available in the table below.
Data sources: U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS), U.S. Geological Survey (USGS) Annual Observations

Platinum Historical Eras & Macro Cycles

Detailed analysis of secular supercycles, wartime allocations, and price shocks

From early industrial uses to automotive catalysts

1900–2025

Platinum pricing reflects changing industrial uses and a concentrated mining supply. The archive follows the quotation definitions in the USGS tables; the combined platinum-group unit-value series is excluded.

Price Behavior Annual observations range from $6 to $1,724.51 ($/troy oz).
Key Catalysts
  • Automotive catalysts
  • South African mine supply
  • Jewelry and industrial demand

Platinum Complete Historical Price Table (1900–2025)

Nominal vs. Real Inflation-Adjusted Prices in 2026 USD

Year Nominal Price ($/troy oz) Real Price (2026 USD) CPI / Historical Estimate Historical Context / Market Event
2025 $1,200.00 $1,248.59 321.9 USGS estimate
2024 $960.70 $1,025.91 313.7 Heavy-Duty Diesel Truck Emission Standards (Euro VII)
2023 $973.00 $1,069.69 304.7 —
2022 $966.54 $1,106.33 292.7 —
2021 $1,094.31 $1,352.81 271.0 Green Hydrogen PEM Electrolyzer Speculation
2020 $886.02 $1,146.78 258.8 COVID-19 Automotive Factory Shutdowns
2019 $850.00 $1,113.73 255.7 —
2018 $882.66 $1,177.48 251.1 —
2017 $951.23 $1,299.95 245.1 —
2016 $989.52 $1,381.08 240.0 —
2015 $1,056.09 $1,492.59 237.0 Volkswagen 'Dieselgate' Emissions Scandal Crushes Sentiment
2014 $1,387.89 $1,963.86 236.7 South African 5-Month AMCU Platinum Miners Strike
2013 $1,489.57 $2,141.92 233.0 —
2012 $1,555.39 $2,269.33 229.6 —
2011 $1,724.51 $2,568.15 224.9 Post-GFC Precious Metals Rally
2010 $1,616.00 $2,482.52 218.1 —
2009 $1,208.00 $1,886.18 214.5 —
2008 $1,578.00 $2,455.14 215.3 All-Time Record Spike ($2,270/oz in March 2008 on South African Eskom Power Blackouts)
2007 $1,308.00 $2,113.19 207.3 —
2006 $1,144.00 $1,900.88 201.6 —
2005 $900.00 $1,543.69 195.3 —
2004 $849.00 $1,505.55 188.9 —
2003 $694.00 $1,263.46 184.0 —
2002 $543.00 $1,011.08 179.9 —
2001 $533.00 $1,008.16 177.1 —
2000 $549.00 $1,067.97 172.2 European Diesel Passenger Car Adoption Wave
1999 $379.00 $762.05 166.6 —
1998 $373.00 $766.55 163.0 —
1997 $397.00 $828.58 160.5 —
1996 $398.00 $849.73 156.9 —
1995 $425.00 $934.16 152.4 —
1994 $411.00 $928.99 148.2 —
1993 $375.00 $869.33 144.5 —
1992 $361.00 $861.92 140.3 —
1991 $371.00 $912.46 136.2 —
1990 $467.00 $1,196.91 130.7 —
1989 $507.00 $1,369.64 124.0 —
1988 $523.00 $1,480.93 118.3 —
1987 $553.00 $1,630.67 113.6 —
1986 $461.00 $1,408.99 109.6 —
1985 $291.00 $905.94 107.6 —
1984 $357.00 $1,150.99 103.9 —
1983 $424.00 $1,426.02 99.6 —
1982 $327.00 $1,135.11 96.5 —
1981 $446.00 $1,643.58 90.9 —
1980 $677.00 $2,752.20 82.4 1980 Precious Metals Mania (Intraday Peak $1,040)
1979 $445.00 $2,053.25 72.6 —
1978 $261.00 $1,340.95 65.2 —
1977 $157.00 $867.85 60.6 —
1976 $162.00 $953.72 56.9 —
1975 $164.00 $1,021.13 53.8 —
1974 $181.00 $1,229.85 49.3 US Clean Air Act Mandates Catalytic Converters
1973 $150.00 $1,131.69 44.4 —
1972 $121.00 $969.68 41.8 —
1971 $121.00 $1,000.80 40.5 —
1970 $133.00 $1,148.26 38.8 —
1969 $124.00 $1,131.81 36.7 —
1968 $117.00 $1,126.23 34.8 —
1967 $111.00 $1,113.26 33.4 —
1966 $100.00 $1,033.89 32.4 —
1965 $100.00 $1,063.43 31.5 —
1964 $90.00 $972.52 31.0 —
1963 $82.00 $897.66 30.6 —
1962 $83.00 $920.64 30.2 —
1961 $83.00 $929.88 29.9 —
1960 $83.00 $939.30 29.6 —
1959 $72.00 $828.82 29.1 —
1958 $66.00 $765.01 28.9 —
1957 $90.00 $1,072.89 28.1 —
1956 $105.00 $1,293.12 27.2 —
1955 $94.00 $1,174.93 26.8 —
1954 $88.00 $1,095.85 26.9 —
1953 $93.00 $1,166.78 26.7 —
1952 $93.00 $1,175.59 26.5 —
1951 $93.00 $1,198.20 26.0 —
1950 $76.00 $1,056.37 24.1 —
1949 $75.00 $1,055.61 23.8 —
1948 $92.00 $1,278.76 24.1 —
1947 $62.00 $931.33 22.3 —
1946 $53.00 $910.46 19.5 —
1945 $35.00 $651.35 18.0 WWII Strategic Allocation
1944 $35.00 $666.15 17.6 —
1943 $35.00 $677.71 17.3 —
1942 $36.00 $739.83 16.3 —
1941 $36.00 $820.36 14.7 —
1940 $36.00 $861.38 14.0 —
1939 $36.00 $867.57 13.9 —
1938 $34.00 $807.75 14.1 —
1937 $47.00 $1,093.34 14.4 —
1936 $42.00 $1,012.17 13.9 —
1935 $33.00 $806.89 13.7 —
1934 $34.00 $849.95 13.4 —
1933 $31.00 $798.80 13.0 —
1932 $32.00 $782.44 13.7 Great Depression Trough
1931 $32.00 $705.22 15.2 —
1930 $44.00 $882.58 16.7 —
1929 $68.00 $1,332.08 17.1 —
1928 $79.00 $1,547.57 17.1 —
1927 $85.00 $1,636.40 17.4 —
1926 $113.00 $2,138.57 17.7 —
1925 $119.00 $2,277.86 17.5 —
1924 $119.00 $2,331.15 17.1 Merensky Reef Discovered in South Africa
1923 $117.00 $2,291.97 17.1 —
1922 $98.00 $1,954.05 16.8 —
1921 $75.00 $1,403.55 17.9 —
1920 $111.00 $1,859.14 20.0 —
1919 $115.00 $2,226.75 17.3 Post-WWI Scarcity & Art Deco Jewelry Boom
1918 $106.00 $2,351.52 15.1 —
1917 $103.00 $2,695.54 12.8 —
1916 $83.00 $2,550.77 10.9 —
1915 $47.00 $1,558.82 10.1 WWI Nitric Acid Explosives Catalyst Demand
1914 $45.00 $1,507.41 10.0 —
1913 $45.00 $1,522.64 9.9 —
1912 $45.00 $1,564.09 9.6 —
1911 $43.00 $1,540.65 9.3 —
1910 $33.00 $1,182.36 9.3 —
1909 $25.00 $927.99 9.0 —
1908 $21.00 $779.52 9.0 —
1906 $28.00 $1,041.06 9.0 —
1905 $17.00 $633.12 9.0 —
1904 $21.00 $780.80 9.0 —
1903 $19.00 $705.28 9.0 —
1902 $20.00 $769.40 8.7 —
1901 $20.00 $801.82 8.4 —
1900 $6.00 $240.94 8.3 Early Chemical & Laboratory Ware Era

Frequently Asked Questions: Platinum History

Targeted answers to high-frequency historical and economic queries

What does this platinum chart measure?
Annual average platinum price. Platinum-specific USGS annual price tables. Historical quotation definitions change as documented in the source tables. 1907 is unavailable. The 2025 observation is a USGS estimate; no 2026 annual value is supplied.
What is the highest annual platinum value in this dataset?
$1,724.51 ($/troy oz) in 2011 annual value. This is the highest annual observation within 1900–2025, rather than a daily market record.
How are inflation-adjusted prices calculated?
Each nominal observation is multiplied by the site’s reference CPI divided by the CPI for that observation’s year. The same inflation calculation is used across commodity charts.

Cite This Dataset

U.S. Geological Survey (USGS): Metal Prices in the United States Through 2010, table 4 (platinum)

U.S. Geological Survey (USGS): Platinum-Group Metals, January 2012, table 1

U.S. Geological Survey (USGS): Platinum-Group Metals, January 2013, table 1

U.S. Geological Survey (USGS): Platinum-Group Metals, January 2014, table 1

U.S. Geological Survey (USGS): Platinum-Group Metals, January 2015, table 1

U.S. Geological Survey (USGS): Mineral Commodity Summaries 2020: Platinum-Group Metals

U.S. Geological Survey (USGS): Mineral Commodity Summaries 2025: Platinum-Group Metals

U.S. Geological Survey (USGS): Mineral Commodity Summaries 2026: Platinum-Group Metals

APA (7th Edition)

Commodities History Project. (2026). Platinum Historical Prices and Inflation-Adjusted Series (1900–2025) [Data set]. CommoditiesHistory.com. https://commoditieshistory.com/platinum

BibTeX 
@dataset{commoditieshistory_platinum_2026,
  author = {{Commodities History Project}},
  title = {Platinum Historical Prices and Inflation-Adjusted Series (1900–2025)},
  year = {2026},
  publisher = {CommoditiesHistory.com},
  url = {https://commoditieshistory.com/platinum}
}