Today's and Yesterday's Platinum Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 2,721.33 (0.00) | 87.49 (0.00) |
| 2026-05-16 | 2,721.33 (-13.68) | 87.49 (-0.44) |
Past 10 Days Platinum Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 2,721.33 (0.00) | 87.49 (0.00) |
| 2026-05-16 | 2,721.33 (-13.68) | 87.49 (-0.44) |
| 2026-05-15 | 2,735.01 (-194.01) | 87.93 (-6.24) |
| 2026-05-14 | 2,929.01 (+3.72) | 94.17 (+0.12) |
| 2026-05-13 | 2,925.29 (+115.62) | 94.05 (+3.72) |
| 2026-05-10 | 2,809.67 (0.00) | 90.33 (0.00) |
| 2026-05-09 | 2,809.67 (-0.49) | 90.33 (-0.02) |
| 2026-05-08 | 2,810.16 (+12.19) | 90.35 (+0.39) |
| 2026-05-07 | 2,797.97 (+11.17) | 89.96 (+0.36) |
| 2026-05-06 | 2,786.79 (+111.03) | 89.60 (+3.57) |
Last 30 Days Platinum Price
| Date | Price (oz) C$ | Price (gram) C$ |
|---|---|---|
| 2026-05-17 | 2,721.33 (0.00) | 87.49 (0.00) |
| 2026-05-16 | 2,721.33 (-13.68) | 87.49 (-0.44) |
| 2026-05-15 | 2,735.01 (-194.01) | 87.93 (-6.24) |
| 2026-05-14 | 2,929.01 (+3.72) | 94.17 (+0.12) |
| 2026-05-13 | 2,925.29 (+115.62) | 94.05 (+3.72) |
| 2026-05-10 | 2,809.67 (0.00) | 90.33 (0.00) |
| 2026-05-09 | 2,809.67 (-0.49) | 90.33 (-0.02) |
| 2026-05-08 | 2,810.16 (+12.19) | 90.35 (+0.39) |
| 2026-05-07 | 2,797.97 (+11.17) | 89.96 (+0.36) |
| 2026-05-06 | 2,786.79 (+111.03) | 89.60 (+3.57) |
| 2026-05-05 | 2,675.76 (+17.79) | 86.03 (+0.57) |
| 2026-05-04 | 2,657.97 (-42.21) | 85.46 (-1.35) |
| 2026-05-03 | 2,700.19 (-2.39) | 86.81 (-0.08) |
| 2026-05-02 | 2,702.57 (-5.47) | 86.89 (-0.18) |
| 2026-05-01 | 2,708.04 (+80.92) | 87.07 (+2.61) |
| 2026-04-30 | 2,627.11 (+40.58) | 84.46 (+1.30) |
| 2026-04-29 | 2,586.53 (-305.65) | 83.16 (-9.83) |
| 2026-04-14 | 2,892.18 (+35.41) | 92.99 (+1.14) |
| 2026-04-13 | 2,856.77 (+21.13) | 91.85 (+0.68) |
| 2026-04-12 | 2,835.64 (-5.95) | 91.17 (-0.19) |
| 2026-04-11 | 2,841.59 (-7.27) | 91.36 (-0.23) |
| 2026-04-10 | 2,848.86 (-70.52) | 91.59 (-2.27) |
| 2026-04-09 | 2,919.38 (+102.31) | 93.86 (+3.29) |
| 2026-04-08 | 2,817.07 (+109.20) | 90.57 (+3.51) |
| 2026-04-07 | 2,707.86 (-53.14) | 87.06 (-1.71) |
| 2026-04-06 | 2,761.00 (-27.43) | 88.77 (-0.88) |
| 2026-04-05 | 2,788.43 (0.00) | 89.65 (0.00) |
| 2026-04-04 | 2,788.43 (+1.99) | 89.65 (+0.06) |
| 2026-04-03 | 2,786.44 (+22.14) | 89.59 (+0.72) |
| 2026-04-02 | 2,764.30 (+6.62) | 88.87 (+0.21) |
Note: Some dates may be missing due to market closures or other anomalies.
Last 3 Months Platinum Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Last 6 Months Platinum Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
1 Year Platinum Price Chart in CAD
Note: Some dates may be missing due to market closures or other anomalies.
If there is any precious metal out there with one of the most dramatic price histories, it has to be platinum. After all, it traded as the world’s most expensive metal for much of the 20th century, hit an all-time high in March 2008, and then collapsed nearly 70 percent within months. Then, in 2025, it staged one of the most remarkable recoveries in the modern precious metals market. Therefore, if anyone wants to track the platinum price history, it is important to understand the swings before making the decision.
Platinum Market History in Canada
Platinum is priced globally in US dollars per troy ounce on the NYMEX (CME Group) and the London Platinum and Palladium Market (LPPM). Now, for a Canadian investor, these prices are translated into CAD using the live USD/CAD exchange rate (which is published daily by the Bank of Canada). Now, this means that platinum price history in Canada reflects the metal’s global performance as well as fluctuations in the Canadian dollar (two very important variables that don’t move in the same direction).
Major Price Changes Over the Years
Now, if you really want to understand the platinum price chart history, it is best to walk through the key eras decade by decade.
- Early 2000s — The Bull Market Begins: The annual average platinum price was approximately US$544 per troy ounce in 2000. This decade then saw a super sustained bull run for several years. This was because European governments were actively incentivising diesel vehicles (which use platinum-based catalytic converters to reduce emissions). This caused the demand to climb sharply. And by 2007, the annual average had reached US$1,306 per ounce.
- March 2008 — The All-Time High: The peak came in early 2008. And it was all because of three forces: surging European diesel demand, severe electricity shortages from South Africa’s state utility Eskom threatening mine output, and heavy speculative investment flows. As a result of all this, platinum reached its all-time high of approximately US$2,290 per troy ounce in March 2008. Interestingly, at that point, it was trading at more than twice the price of gold.
- 2008–2009 — The Crash: When the global financial crisis erupted in full force, platinum collapsed from US$2,290 to approximately US$750 per ounce in just eight months. It was a shocking 67 percent decline. Automotive demand fell, hedge funds liquidated commodity positions to meet margin calls, and most importantly, speculative investment evaporated.
- 2009–2014 — Recovery and Stability: This is the time when platinum recovered strongly. So much so that it was averaging US$1,611 in 2010 and US$1,719 in 2011. Annual averages then hovered in the US$1,350–1,550 range from 2012 to 2014. By the way, this was in fact the last era in which platinum consistently commanded a premium over gold.
- 2015–2020 — Dieselgate and the Discount to Gold: The Volkswagen emissions scandal, popularly known as “Dieselgate,” revealed that the automaker had installed illegal defeat devices in diesel vehicles to cheat emissions tests. The scandal seriously undermined consumer and regulator confidence in diesel cars, and by 2015 diesel had held more than a 50% market share in European light-duty passenger vehicles. Platinum fell below US$900 per ounce for the first time since January 2009 within days of the scandal breaking. As a result, platinum has been traded at a discount to gold ever since.
- 2025 — The New Record High: The most extraordinary chapter in the recent platinum price history unfolded in 2025. The platinum price surged more than 90% from Q2 onward, passing US$1,900 per ounce in December. After silver, platinum was easily the second best-performing metal in terms of price for the year. Platinum rose approximately 127% across 2025 in total, reaching a 14-year high, while the structural supply deficit deepened to levels not previously recorded in the World Platinum Investment Council’s data history.
Economic Events That Impacted Platinum
As discussed earlier, there have been several events that impacted platinum price. The platinum price chart history gives a clearer picture of many macroeconomic shocks and structural industry shifts.
- 2008 Global Financial Crisis: It triggered the single largest short-term crash in platinum’s modern history.
- Eskom Power Shortages in South Africa: South Africa accounts for over 70 percent of global platinum mine output. Repeated electricity crises at state utility Eskom have constrained production since the late 2000s, contributing to supply tightness and periodic price spikes.
- 2015 Dieselgate Scandal: The Volkswagen emissions scandal severely undermined consumer and regulator confidence in diesel vehicles. In fact, it wiped out platinum’s single largest demand driver.
- COVID-19 in 2020: The pandemic dealt another blow to platinum. Prices fell to a multi-year low of about US$562 per ounce in March 2020.
Platinum Supply and Demand
This is a very interesting angle that needs to be reviewed by investors. After all, it can help a lot in making an educated selling or buying decision.
Mining Production Around the World
Now, as per Natural Resources Canada, South Africa accounts for more than 70% of global platinum output. There are Russia, Zimbabwe, and North America as well, accounting for most of the rest.
Canada does produce platinum-group metals (PGMs), primarily as a by-product of nickel and copper mining in Ontario and Manitoba, but on a scale that is modest compared to South African output. Canadian investors are therefore price-takers from the global market rather than participants in a domestic supply chain.
Industrial Demand for Platinum
According to WPIC data reported by Mining Weekly, the largest end-uses of the eight-million-plus ounces of annual platinum production are: automotive sector at 40%, jewellery at 25%, glass demand at 8%, chemical demand at 7%, investment demand at 6%, medical at 4%, petroleum at 2%, and hydrogen at 1%.
Buying Platinum in Canada
If you plan on buying platinum in Canada, it is imperative to do a comprehensive analysis of platinum price chart history. Once you do that, you’ll have the following options.
Popular Platinum Products for Investors
Canadian investors have several well-established options for gaining physical platinum exposure. You have options such as:
- Royal Canadian Mint Platinum Maple Leaf Coins: It is minted in .9995 fine platinum. These are the flagship Canadian platinum investment coins.
- PAMP Suisse and Valcambi Platinum Bars: These are Swiss-refined, internationally recognised bars available in 1 oz, 10 oz, and kilogram sizes.
- American Platinum Eagle Coins: These are US Mint coins which are widely traded in Canada. These are minted in .9995 fine platinum.
Things Canadians Should Know Before Buying
Anyone planning on entering the platinum market should keep in mind the following considerations:
- HST/GST applies to platinum bullion. Gold and silver bullion are generally exempt from GST/HST in Canada. However, platinum bullion is subject to applicable sales tax.
- The CAD/USD exchange rate is a second variable. And it is all because platinum is priced globally in USD. The Bank of Canada publishes daily reference exchange rates that are commonly used for this conversion.
- Premiums vary significantly. Coins typically carry premiums of 5–10 percent above spot, while larger bars run 3–8 percent.
- Verify dealer credentials. Check dealers against the Better Business Bureau Canadian directory and look for authorized Royal Canadian Mint dealers when purchasing coins.
Comparing Platinum Prices
The platinum price history graph can be very helpful in determining how the prices have fluctuated over the years. But there are other things you should consider as well.
Platinum vs Gold Price History
Well, in the world of precious metals investing, one of the most discussed topics is the platinum vs. gold price. And this is where the platinum price history graph tells a story of a dramatic role reversal.
You see, platinum was always the topper in the precious metals class right from the 1980s. So much so that right through 2012, platinum was No. 1 and gold the perennial No. 2. But then something uncontrollable happened. After the subprime-induced global meltdown, platinum hit an all-time high of US$2,273 per ounce in March 2008. That relationship began eroding after 2012 and broke decisively in 2015 following the Dieselgate scandal.
Today, the gap remains substantial. With gold trading near record highs in 2025–2026, platinum is priced at roughly 41% of gold’s value. This means platinum is less than half the price of gold.
Year | Platinum (avg. USD/oz) | Gold (avg. USD/oz) | Who Led |
2000 | $544 | $279 | Platinum +95% |
2008 | $1,571 | $872 | Platinum +80% |
2012 | $1,551 | $1,669 | Gold overtakes |
2015 | $1,051 | $1,159 | Gold +10% |
2020 | $893 | $1,774 | Gold +99% |
2025 | ~$1,900+ | ~$2,987 | Gold +57% |
Platinum vs Palladium Market Trends
We know how platinum and palladium are closely related platinum-group metals. This is often translated to their overlapping roles in the auto industry. Platinum is the preferred catalyst in diesel engines, while palladium dominates gasoline engine applications.
That said, the Dieselgate scandal meant demand for palladium surged. So much so it pushed palladium’s price above platinum for the first time in over a decade. Palladium ultimately drove to record highs above US$3,000 per ounce in early 2022.
Since then, the trend has partially reversed. Palladium has retreated significantly from its peak, while platinum’s 2025 rally brought it back toward price parity with palladium.
Year | Platinum (avg. USD/oz) | Palladium (avg. USD/oz) | Who Led |
2008 | $1,571 | $354 | Platinum +344% |
2015 | $1,051 | $690 | Platinum +52% |
2018 | $882 | $1,016 | Palladium overtakes |
2020 | $893 | $2,179 | Palladium +144% |
2022 | $958 | $2,061 | Palladium +115% |
2025 | ~$1,900+ | ~$1,054 | Platinum returns ahead |
Future Outlook for Platinum Prices
Taking a closer look at platinum price per ounce history also sheds light on what to expect in the future. This is something that is truly worth looking into before making an investment or selling platinum.
Market Predictions and Expert Opinions
If you look at the structural case for platinum, you’ll find that it is the strongest it has been in a decade. And you can expect it to remain the same over the next several years. You see, according to the WPIC’s Platinum Quarterly (Q4 2025), the global platinum market is expected to remain in deficit for a fourth consecutive year in 2026, with a projected shortfall of about 240,000 ounces following the significantly larger shortfall of 1.082 million ounces in 2025.
WPIC CEO Trevor Raymond has said that the key drivers of platinum’s price rally in 2025 are strong supply/demand fundamentals, a depletion of above-ground stocks, and macropolitical uncertainty-driver precious metals demand. This is expected to persist in 2026.
Trends That Could Affect Future Prices
It is worth noting that there are several key trends that could shape the platinum price history moving forward.
- The Hydrogen Economy is worth considering. Platinum is irreplaceable in PEM electrolyzers and hydrogen fuel cells. The World Platinum Investment Council estimates that hydrogen applications could account for 11% of total platinum demand by 2030 (a finding also reported by CME Group).
- South African mining constraints could tighten supply rapidly and affect the price.
- Bar and coin investment demand is forecast to jump 35% in 2026 to 725,000 ounces, reaching the highest level recorded in the Platinum Quarterly dataset.
- The shift from diesel to hybrid and EV vehicles could lower the demand for platinum.
Final Thoughts
It goes without saying that the platinum price history is a fascinating story of highs, sharp structural disruptions, and a 2025 comeback that rewrote the record books.
For Canadian investors, tracking the platinum price history in CAD requires watching both global spot markets and the USD/CAD exchange rate. It would be best to consider platinum price history before making any decision. And for that, always trust reliable sources.
FAQs
It has a lot to do with the 2015 Dieselgate scandal, as it destroyed European diesel vehicle demand. Since these diesel vehicles were the largest end-use market, platinum took a big hit. Meanwhile, gold benefited from strong central bank buying and safe-haven demand during periods of geopolitical uncertainty. The result is that platinum now trades at roughly 40–50 percent of gold’s price.
Well, one could say that it can act as an inflation hedge. However, you have to understand that platinum behaves very differently from gold. Because platinum has significant industrial demand, its price can actually fall during inflationary recessions if industrial activity slows. During periods of both inflation and strong industrial demand, platinum tends to perform well.
Platinum is priced globally in US dollars per troy ounce on the NYMEX (part of the CME Group) and the London Platinum and Palladium Market (LPPM). To get the Canadian dollar price, that USD spot price is converted using the prevailing USD/CAD exchange rate. The Bank of Canada publishes daily reference exchange rates that are commonly used for this conversion.
Yes, absolutely. The thing is, the auto sector accounts for approximately 40 percent of total platinum demand because of its use in catalytic converters. This automatically makes it the single largest driver of prices.
Yes, and there is a good reason behind it. Platinum’s heavy dependence on industrial demand means it can decline sharply during economic downturns. The clearest example is the 2008 financial crisis, when platinum fell approximately 67% in just eight months (from US$2,290 to roughly US$750 per ounce).
Canadian investors typically choose from three options: a home safe (convenient but requires adequate insurance), a private vault facility offered by many bullion dealers and private storage companies, or allocated storage through a reputable dealer or bank.