Platinum Price Today and What Is Driving the Surge

Right now, platinum prices are hovering around $1,900 to $1,950 per ounce, depending on the market and time of day. For example, at 8:30 a.m. Eastern Time on December 18, 2025, it stood at $1,903.09 per ounce, down a bit from $1,922.20 the day before but way up from much lower levels earlier in the year.https://fortune.com/article/current-price-of-platinum-12-18-2025/https://fortune.com/article/current-price-of-platinum-12-17-2025/ By early December 19 at 0200 GMT, spot prices hit $1,948.70, showing the metal’s quick ups and downs.https://english.news.cn/20251219/da6477522e0f4e3e8f10dc28a4a3ed4a/c.html

This price reflects a huge surge over recent months. One month ago, platinum was about $1,532 per ounce, a jump of over 24 percent. Over the past year, it has more than doubled, climbing over 106 percent from around $921 per ounce.https://fortune.com/article/current-price-of-platinum-12-18-2025/ Futures on the New York Mercantile Exchange even touched a 17-year high above $1,995 per ounce on December 18, up 119 percent since the start of 2025.https://tass.com/economy/2060703

Several key factors are pushing prices higher. Strong demand from industries plays a big role. Platinum is vital in car manufacturing, especially for catalytic converters that cut emissions in vehicles. It is also used in green tech like hydrogen fuel cells and jewelry. When these sectors grow, demand rises and pulls prices up.https://fortune.com/article/current-price-of-platinum-12-17-2025/

Supply issues add to the pressure. Mining output has not kept pace, creating shortages. Economic uncertainty and market ups and downs make investors turn to platinum as a safe spot in their portfolios, much like gold but with more kick from its industrial side.https://fortune.com/article/current-price-of-platinum-12-18-2025/ Gains picked up speed in June 2025, echoing big moves last seen around the 2008 crisis, though today’s rise ties more to steady industrial needs than back then.https://fortune.com/article/current-price-of-platinum-12-16-2025/

Compared to other metals, platinum shows more swings. Gold sits steadier at over $4,300 per ounce thanks to its investment focus, while silver is around $66. Platinum’s mix of factory use and investor buys makes it jumpier.https://fortune.com/article/current-price-of-platinum-12-18-2025/https://fortune.com/article/current-price-of-platinum-12-17-2025/

Live charts confirm the action, with recent bids near $1,905 and futures at about $1,967, pointing to ongoing interest.http://www.kitco.com/charts/liveplatinum.html https://www.investing.com/commodities/platinum

Sources
https://fortune.com/article/current-price-of-platinum-12-18-2025/
https://fortune.com/article/current-price-of-platinum-12-17-2025/
https://fortune.com/article/current-price-of-platinum-12-16-2025/
https://tass.com/economy/2060703
https://english.news.cn/20251219/da6477522e0f4e3e8f10dc28a4a3ed4a/c.html
http://www.kitco.com/charts/liveplatinum.html
https://www.investing.com/commodities/platinum