Platinum price per troy ounce
The live platinum spot price converted to US dollars per troy ounce, with the purity breakdown that turns it into what a piece is actually worth.
As of 6:04 PM ET on September 22, 2026, platinum is $1,831.46 per troy ounce in US dollars, based on a spot price of $1,831.46 per troy ounce.
- Per troy ounce, 1 unit
- $1,831.46
- Per troy ounce, ×10
- $18,314.59
- Per troy ounce
- $1,831.46
- Per gram
- $58.88
Platinum price by weight unit
| Unit | Grams | Platinum price |
|---|---|---|
| Troy ounce ozt | 31.103 | $1,831.46 |
| Gram g | 1 | $58.88 |
| Kilogram kg | 1,000 | $58,883 |
| Pennyweight dwt | 1.555 | $91.57 |
| Tola tola | 11.664 | $686.80 |
| Ounce (avdp) oz | 28.35 | $1,669.30 |
Platinum price by purity
| Purity | Fine | Per gram | Per troy oz |
|---|---|---|---|
| .9995 finebullion coins and bars | 100.0% | $58.85 | $1,830.54 |
| Pt950most platinum jewelry | 95.0% | $55.94 | $1,739.89 |
| Pt900older and Japanese jewelry | 90.0% | $52.99 | $1,648.31 |
| Pt850chains and findings | 85.0% | $50.05 | $1,556.74 |
The troy ounce is the unit the spot price itself is quoted in. It weighs 31.1035 g — about 10% more than the 28.35 g ounce on a kitchen scale.
The figure here is the spot price per troy ounce divided by 31.1035 and multiplied by 31.1035. Spot is the wholesale reference for pure metal; bullion dealers sell above it (a premium of roughly 5–15% for one-ounce coins) and buy back a little below it. Scrap buyers pay a percentage of the melt value, typically 85–95% for platinum.
Prices refresh about once a minute from Metals.dev during market hours; the timestamp beside the headline figure shows when the last update arrived. Historical context back to 1990 is on the platinum price history page.
Platinum price per troy ounce: questions
How is the platinum price per troy ounce calculated?
Spot price per troy ounce ÷ 31.1035 g × 31.1035 g. The page does this live on every update.
Is this the price a shop will pay me?
No. It is the pure-metal value at wholesale spot. Buyers deduct refining and margin, so expect 85–95% of melt for platinum scrap and slightly below spot for recognised bullion.
Why is a troy ounce different from a regular ounce?
Precious metals use the troy system: one troy ounce is 31.1035 g, versus 28.3495 g for the avoirdupois ounce used for food and body weight. Twelve troy ounces make a troy pound.
Spot prices via Metals.dev, dealer bid and ask via Texas Precious Metals, history from daily LBMA fixes. Indicative market data, not an offer to buy or sell, and not investment advice.