Live Platinum Spot Price & Historic Platinum Price Chart
(in GBP, EUR & USD currencies)
View the live platinum spot price and historic platinum price charts using institutional-grade market data in British Pounds (£GBP), Euros (€EUR) and US Dollars ($USD).
Platinum Price FAQs
The price of platinum is dynamic and liquidity is lower than gold and silver. A globally recognised benchmark price is set twice daily through the LBMA Platinum Price auctions, administered by ICE Benchmark Administration, which establish reference prices for valuation and settlement.
Alongside this benchmark, live platinum prices are formed continuously through real-time market trading, meaning prices move throughout the day as transactions occur. The actual price a buyer or seller sees depends on market spreads, lower liquidity, hedging, vaulting, potential VAT on delivery, and operational costs, with prices closest to institutional trading venues typically offering the tightest spreads.
Platinum prices are primarily influenced by automotive demand, hydrogen technologies, industrial usage, mining supply from South Africa, and global economic conditions.
What is the live platinum price?
UK silver prices are derived from the global USD silver market and converted into GBP using real-time interbank exchange rates.
How is the platinum price set each day?
The benchmark platinum price is set twice daily in London through the LBMA Platinum Price auctions, administered by ICE Benchmark Administration.
What is the LBMA platinum price?
The LBMA Platinum Price is the main global benchmark for platinum. It is set twice daily and used for valuation and settlement across physical and financial markets.
Is the live platinum price different from the benchmark?
Yes. The benchmark is fixed twice daily, while live prices move continuously.
Why is platinum more volatile than gold?
Yes. The benchmark is fixed twice daily, while live prices move continuously.
Why does the platinum price change throughout the day?
Prices move as buyers and sellers react to vehicle production, economic data, and mining supply conditions.
Why is the platinum price shown in GBP different from USD?
USD prices are converted into GBP using live FX rates, so currency movements affect the UK price.
Why is my platinum buy price higher than the spot price?
The buy price includes market spreads, lower liquidity, hedging, vaulting, potential VAT on delivery, and operational costs.
Is the platinum price the same worldwide?
The buy price includes market spreads, lower liquidity, hedging, vaulting, potential VAT on delivery, and operational costs.
Is platinum subject to VAT in the UK?
Platinum is subject to 20% VAT if it is delivered into the UK, but no VAT is charged while it remains in bonded warehouse or tax-warehouse storage. VAT only becomes payable if the metal is withdrawn into free circulation.
What is the live platinum price in GBP?
The live platinum price in GBP reflects real-time global prices converted using live FX rates.
Where does the UK platinum price come from?
UK platinum prices are derived from the global USD market and converted into GBP at interbank FX rates.