Platinum price development and current price

Our platinum chart shows you the current platinum prices in euros and the development of the platinum price over time. This platinum spot (XPT) reflects the current platinum price on the international commodity markets. Platinum is traded on the major commodity exchanges in New York, Tokyo, London and Zurich in USD per fine ounce.

The most important trading venue for physical platinum is the London Platinum and Palladium Market LPPM, where platinum is traded in the form of good-delivery bars. As has been equally common for gold and silver for decades, the platinum price at the London Platinum and Palladium Fixing is still set by the members of the LPPM twice a day on each bank trading day at 9:45 a.m. and 2:00 p.m. London time.

Platinum prices in purchase & sale

If you want to buy platinum in Austria or sell platinum in the form of investment metal(platinum coins & bars) or scrap metal (platinum jewelry), the prices of the dealers are based on the general platinum price.

However, even daily prices for platinum coins, platinum bars and scrap platinum differ in both platinum buying and selling, because in addition to the platinum price per troy ounce, production and manufacturing costs, as well as smelting and recycling costs must be included in the prices.

Anyone who wants to buy physical platinum must also bear in mind that, unlike investment gold, platinum is subject to VAT. While gold is completely exempt from VAT in Austria and the EU, platinum may be subject to a special form of VAT: Differential taxation. In this case, for goods for which VAT has already been paid once, the VAT to be paid is not applied to the total price, but only to the difference between the purchase and sales price of the goods, i.e. to the dealer's margin. However, it always depends on the particular platinum product whether it can be sold subject to differential taxation.

On our current prices page at Gold & Co you will find our buying & selling prices.

Platinum: investment and industrial metal

The price of platinum depends not only on demand as an investment metal, but above all on its importance as a raw material for industry. Nevertheless, the white precious metal is now more in demand than ever and is a popular alternative to gold and silver, which is often used to diversify a precious metal investment.