About Platinum Prices

Platinum is one of the rarest precious metals, approximately 30 times rarer than gold. Despite its rarity, platinum currently trades at a significant discount to gold due to lower investment demand and specific industrial use cases. The platinum market is heavily influenced by automotive industry demand (catalytic converters), jewellery demand, and investment flows.

Platinum vs Gold

Historically, platinum has often traded at a premium to gold. However, since 2015, platinum has traded below gold prices. The shift was driven by the diesel emissions scandal affecting automotive platinum demand, increased gold investment demand, and central bank gold purchases. Many analysts consider platinum undervalued relative to gold at current levels.

Key Price Drivers

• Automotive Industry: Catalytic converters use platinum, palladium, or rhodium
• Hydrogen Economy: Platinum is critical for hydrogen fuel cell technology
• Supply Concentration: ~70% of platinum comes from South Africa
• Investment Demand: Platinum ETFs and bars are growing investment categories