Platinum · spot €1,382.54 per troy ounce
Invest in platinum what you buy, and what it costs
A troy ounce of platinum costs from €1,738 on 13 November 2026. Rarer than gold and yet often cheaper, because demand comes mainly from industry. Our range is thin: 74 offers at 10 shops, against 2,064 at 37 in gold.
What platinum is bought for
4 short answers
The exhaust sets the demand
Most platinum demand comes from car catalytic converters, especially in diesel engines, and from the chemical industry. It is also used in electrolysis for hydrogen.
Industrial demand means the price moves with factories and car sales.
VAT is in the price
Like silver and palladium, platinum is not exempt. The VAT is in what you pay and does not come back out when you sell.
Only investment gold is exempt across the EU.
Production sits in one place
South Africa supplies the lion's share of all platinum in the world. A strike or a power cut there hits the supply of the whole market.
Concentrated supply explains swings after the fact; it does not predict them.
Little to choose from
With 74 offers at 10 shops there is hardly anything to compare. You see that in the premium: the lowest price stands at +25.69%, where gold starts at -0.16%.
A thin market makes "the cheapest" a weaker statement than it is for gold.
Properties and use
where it comes from and where it goes
| Symbol | Pt · platina |
|---|---|
| World production | ± 180 tonnes per year |
| Largest producers | South Africa, Russia, Zimbabwe, Canada |
| VAT in the EU | 17–27% |
Where it goes:
The highlighted items are the largest. Exactly what goes to which use differs by year and by source; this is the ranking, not a weighting.
A short history
how it ended up here
Spanish explorers found platinum in South America and dismissively called it platina, little silver. They could not melt it and regarded it as a troublesome by-product of gold mining.
Only in the eighteenth century was it recognised as an element in its own right, and only in the twentieth did it get its present role: a catalyst that makes reactions possible without being used up itself.
That has made platinum mainly an industrial metal, with an investor side besides. The price has been both above and below the gold price.
- 16th centurySpaniards call it "platina": little silver, and a nuisance when panning for gold.
- 1751Platinum is described as an element in its own right.
- 1970sCatalytic converters make it a major industrial metal.
- nowDiesel, chemicals and hydrogen set the demand; South Africa sets the supply.
What the price did
in euro, per troy ounce
Platinum price
Since 11 September 2026, 63 days. Now €1,346 per troy ounce.
For the years before that we have no source whose terms allow us to use it. We do not fill the gap with figures whose origin we cannot name.
| Term | Average per year |
|---|---|
| 10 years | — |
| 20 years | — |
| 30 years | — |
We never show 1 or 2 years here. Over such a short period you measure the latest wave and not the metal; there have been periods of years in which the price stayed below an earlier peak.
What a purchase costs today
cheapest per ounce first
Shipping: choose a delivery country
| Rank | To shop | |||||||
|---|---|---|---|---|---|---|---|---|
| 01 |  | Platinum Bar 500 g (Resale)No maker named | 500 g | €27,935.43 | €1,737.78 | +25.69% | ESG Edelmetall-ServiceIn stock | View |
| 02 | | Platinum Bar 1 kg (Resale)No maker named | 1 kg | €55,930.35 | €1,739.63 | +25.83% | ESG Edelmetall-ServiceIn stock | View |
| 03 | | Platinum Bar 1 oz Credit SuisseCredit Suisse | 1 oz | €1,741.72 | €1,741.72 | +25.98% | StoneX BullionSold out | View |
| 03 | | Platinum Bar 1 oz Credit SuisseCredit Suisse | 1 oz | ≈ €1,549.79 | ≈ €1,549.79 | +12.10% | BullionStarIn stock | View |
Amounts marked ≈ are converted to euros: 1 EUR = 1.4236 SGD, rate of 13 November 2026. You pay the shop in the shop's own currency, at the rate of your bank or card.
Popular series
Important
Past performance predicts nothing. Figures over a long term show what happened, not what will happen. Precious metal pays no interest or dividend, and a euro return moves with the dollar rate.
This is not buying or selling advice. We sell nothing, do not broker and are not a party to your purchase. Whether this suits you we cannot know.
The premium comes on top of the metal price. What a price chart shows is the metal price; what a buyer is left with is that price minus the premium on purchase and minus the dealer's buying margin on sale.
Check price and stock at the shop itself. Our prices are a snapshot; what is on the shop's site is what counts.
The other three
same page, other figures
