Platinum price today
One ounce of platinum currently costs about 1,511.82 EUR or 1,701.00 USD (reference value without dealer premium).
Live data is unavailable. Showing the last known prices.
Precious metal prices
Material value per gram and ounce for gold, silver, platinum and palladium.
| Metal | Gram | Ounce | Daily change |
|---|---|---|---|
| XAUGold | 118.35 | 3,681.17 | — |
| XAGSilver | 1.73 | 53.79 | — |
| XPTPlatinum | 48.61 | 1,511.82 | — |
| XPDPalladium | 34.06 | 1,059.43 | — |
Pure metal value without dealer spread and VAT (silver, platinum and palladium usually carry 19 % VAT for private buyers).
Platinum price per ounce
Platinum is traded internationally in US dollars. One troy ounce (31.1035 g) currently costs 1,701.00 USD, or about 1,511.82 EUR. For comparison, an ounce of gold costs 3,681.17 EUR and an ounce of palladium 1,059.43 EUR. These are reference prices; dealers charge more when selling and pay less when buying.
VAT on platinum in Germany
Platinum does not enjoy the VAT exemption of investment gold. Private buyers in Germany pay 19 % VAT on platinum bars and coins, and the VAT is not refunded when you sell. Together with the dealer premium, the price has to rise noticeably before an investment breaks even.
What platinum is used for
A large share of platinum goes into industry, above all catalytic converters, especially for diesel vehicles, as well as the chemical and glass industries and medical technology. In jewellery, platinum is valued for its durability and white colour; in Germany it is often stamped 950.
What moves the price
Because demand is largely industrial, the price reacts to the economy, car production and emission rules. Mining is concentrated in a few countries, mainly South Africa. See also the silver price and the palladium price. Not investment advice.
Frequently asked questions
What is the platinum price per ounce?
One ounce currently costs about 1,511.82 EUR or 1,701.00 USD. Dealer prices are higher when buying and lower when selling.
Is there VAT on platinum in Germany?
Yes, private buyers pay 19 % VAT on platinum bars and coins. There is no exemption as there is for investment gold.
What is platinum mainly used for?
Much of it goes into catalytic converters and other industrial uses. It is also used for jewellery, often stamped 950.
Gold price in German cities
The gold price is the same across Germany; dealers differ only in premiums and margins.