In June 2025, the price of platinum was around $1,289.50 per troy ounce. To understand how this compares to its average over the past decade, it’s helpful to look at historical trends and recent forecasts.
Over the last ten years, platinum prices have fluctuated significantly due to various factors like supply-demand imbalances, industrial demand (especially in automotive catalytic converters), and broader economic conditions. Typically, platinum has traded anywhere from below $800 up to around $1,500 per ounce during this period.
The current price of about $1,289.50 is relatively strong compared to much of the past decade’s average levels. For example, earlier in 2025 and recent months saw prices closer to or even below $900-$1,000 per ounce at times before rebounding toward this higher figure. This suggests that June 2025’s price is above the typical mid-range seen over recent years.
Looking ahead based on market predictions for 2026 and beyond shows expectations for further growth in platinum prices. Forecasts suggest that by mid-2026 prices could be around or above $1,100-$1,300 with a general upward trend continuing into later years where some projections see prices potentially doubling or more within a decade.
So compared with its 10-year average—which likely hovers near or slightly under $1,000—platinum’s June 2025 price of about $1,289 stands as a relatively high point reflecting stronger demand dynamics and tighter supply conditions than usual in recent history.
This elevated level indicates optimism among investors and industry watchers about platinum’s value going forward but also highlights how volatile precious metal markets can be depending on global economic shifts and technological changes affecting usage patterns.