Platinum futures and spot prices climbed after Fed Chairman Warsh signaled a lower probability of a rate hike, boosting demand expectations for automotive catalysts and hydrogen energy. The upward move reflects renewed market confidence and tighter supply conditions.
Platinum futures declined as rising US Treasury yields weighed on precious metals valuations and geopolitical de-escalation hopes faded. The GFEX platinum contract fell in morning trading, while the spot market remained quiet ahead of the holiday with thin trading volumes and buyers making purchases only for stockpiling needs.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Platinum | China | CIF | USD 1,594.01/Ounce | August 2026 |
| Platinum | India | CIF | USD 1,594.01/Ounce | August 2026 |
| Platinum | USA | CIF | USD 1,594.01/Ounce | August 2026 |
| Platinum | Germany | FOB | USD 1,594.01/Ounce | August 2026 |
| Platinum | Australia | CIF | USD 1,594.01/Ounce | August 2026 |
| Platinum | China | CIF | USD 1,518.10/Ounce | July 2026 |
| Platinum | India | CIF | USD 1,518.10/Ounce | July 2026 |
| Platinum | USA | CIF | USD 1,518.10/Ounce | July 2026 |
| Platinum | Germany | FOB | USD 1,518.10/Ounce | July 2026 |
| Platinum | Australia | CIF | USD 1,518.10/Ounce | July 2026 |
Stay updated with the latest Platinum prices, historical data, and tailored regional analysis
In China, the average price of Platinum was ~USD 1,518.10/Ounce in July and ~USD 1,594.01/Ounce in August, a rise of about 5.0% (CIF). Prices moved mainly with investment flows and gold rather than physical supply and demand. In July, ETF holdings grew after months of outflows as rate-hike expectations eased, and platinum followed gold higher in August. South Africa, the main producer, added supply support, with platinum group metal output falling 13.5% in July. In September, the US rate hike and higher yields weighed on precious metals, and prices softened. Chinese jewellery makers shifted to gold, and India's higher import duty on platinum bars reduced buying. In Europe, automotive demand fell as fewer petrol and diesel cars were made and Chinese electric vehicle imports grew. Glass demand rose on AI-related fibreglass capacity in China, offering some support.
Analyst Insight
According to Procurement Resource, in the near term, platinum prices are likely to follow gold and interest rate expectations, while lower mine supply should limit sharp declines.
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In China, Platinum prices averaged around USD 1,892/ounce in April and ~USD 1,651/ounce in June, showing a approx. 13% decrease. In India, Platinum prices similarly averaged ~USD 1,892/ounce in April and about USD 1,651/ounce in June. Prices corrected as profit-taking, a stronger US dollar, and higher-for-longer interest-rate expectations weakened investment sentiment. Supply remained a key constraint, with reduced exports from South Africa and geopolitical disruptions tightening availability in Asian markets. However, weaker investment flows contributed to expectations of a market surplus, while higher prices weighed on jewellery consumption, particularly in China. Industrial demand provided some support, with growth in industrial applications partly offsetting weaker automotive demand. In India, raw-material shortages also tightened platinum availability for platinum-based applications. Overall, supply restrictions limited the extent of the Q2 correction despite weaker investment and jewellery demand.
In appearance, Platinum is silvery, whitish-gray, malleable, ductile metal. It is shipped as a finely divided powder (platinum black), as a sponge, as well as particles deposited on a supporting material like alumina. It has a strong catalytic activity in different forms. It is highly resistant to corrosion and is widely used as jewels.
Pt
Catalyst, Electronics, Jewels, Thermocouples, Optical fibres, LCDs, Turbine blades, Spark plugs, Pacemakers , Dental fillings.
Platinum Black, Platin, Platinum Sponge
Johnson Matthey, Acros Organics, Anglo American Platinum Ltd, Sibanye-Stillwater, Norilsk Nickel Mining and Metallurgical Company, Russian Platinum
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the froth flotation process, first step is to crush platinum containing ore and immerse it in the reagent containing water. During the flotation, air is pumped through the ore-water slurry, leading Platinum particles to rise to the surface in a froth, which is further skimmed for refining and obtaining Platinum.
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