If gold climbs to $4,500 per ounce in 2025, will platinum finally catch up and close the gap? That’s a question on many investors’ minds as precious metals make headlines this year.
Gold has been the star for a while. In May 2025, gold hit $3,310 per ounce—more than three times the price of platinum at that time. This is a big change from years ago when platinum often cost more than gold. Now, with gold surging ahead and setting new records in all major currencies, it’s natural to wonder if platinum can keep up or even start closing that gap.
Platinum is having its own moment right now. The metal has jumped by about 40% since January 2025—outperforming both gold and silver so far this year. Platinum recently reached $1,250 an ounce, which is its highest price in four years. The surge comes from strong industrial demand (especially for clean energy uses), supply shortages as mines produce less metal this year, and investors looking for alternatives to higher-priced gold.
But here’s the thing: even if platinum keeps rising fast—and some experts think it could go as high as $1,200 or more soon—it would still be far behind if gold hits $4,500 an ounce. To really close the gap between these two metals at those prices would mean platinum needs to rise much faster than it ever has before.
Historically speaking though? Platinum tends to spike hard but then fall just as quickly when things cool off again after big runs like we are seeing now.
So what does all this mean? If you see headlines saying “gold reaches $4,500,” don’t expect overnight miracles for platinum prices unless something truly dramatic happens with supply or demand worldwide—like massive new uses found only possible with platinum technology breakthroughs or sudden global shortages beyond current forecasts.
For now though? Gold remains king among precious metals by price per ounce while investors watch closely whether recent gains by both metals signal lasting change ahead…or just another exciting chapter before markets settle back down again into familiar patterns once more!