Platinum price today in euro: per gram, per ounce and per kilo

How the platinum price in euro is formed

The reference is the Fixing preziosi FT Mercati for platinum, calculated twice a day at the times of the London auctions, at 10:45 and 15:00 Italian time: the mean of two spot prices sampled 30 and 60 seconds after the start of the auction, in dollars per troy ounce; the value in euro is obtained at the spot exchange rate sampled 60 seconds after the start. The price per gram and per kilo are derived from the value per ounce.

The platinum price in euro therefore depends on two things: the dollar price on international markets and the euro-dollar exchange rate. On this site we publish the previous session's fixings; FT Mercati subscribers receive the day's fixings as soon as they are calculated and the real-time spot price, on the web and in the app, together with the full history.

What the platinum price depends on

Platinum is first and foremost an industrial metal. About 40% of demand comes from the car industry, for the catalytic converters that cut exhaust emissions, historically mainly from diesel engines; about a third from other industrial uses, in chemicals, glass, oil refining, electronics and medical devices; about a quarter from jewellery. The rest is investment in bars, coins and funds, which can swing between net buying and net selling from one year to the next.

Supply is concentrated: South Africa mines about 70% of the world's platinum, followed by Russia and Zimbabwe, and about a quarter of total supply comes from recycling, mainly of catalytic converters from end-of-life cars. That is why strikes, power cuts and investment in South African mines move the price. On the demand side the key factors are car sales and the spread of electric cars, which do not use catalytic converters, while fuel cells and electrolysers for hydrogen are a growing use.

Gram, troy ounce and kilo: the conversions

Platinum is quoted in dollars per troy ounce on international markets; in Italy jewellers and refiners work in euro per gram, industry in euro per kilo. The troy ounce weighs 31.1035 grams, not 28.35 like the common ounce.

The conversions are immediate: the price per gram is the price per ounce divided by 31.1035; the price per kilo is the price per ounce multiplied by 32.1507. With platinum at 1,500 dollars an ounce and an exchange rate of 1.15, for example, a gram is worth about 42 euro and a kilo about 42,000 euro.

950, 900 and 850 platinum: the value by fineness

The market price refers to fine platinum. In jewellery platinum is almost always an alloy of 950 fineness, i.e. with 95% fine metal; Italian law also allows 900 and 850 fineness. The value of the metal contained in an object is obtained by multiplying the weight by the price per gram and by the fineness.

It is the value of the content, not a buying or selling price: whoever sells scrap platinum or buys bars meets margins, refining costs and the spread between buying and selling prices. The fixing remains the transparent starting point for comparing offers.

Who this page is for

Jewellers and refiners who value the metal in euro per gram, industries that buy platinum for catalysts, glass, chemicals and electronics, those who recover spent catalysts, investors following bars and coins. In contracts and agreements with customers and suppliers our subscribers can cite the Fixing preziosi FT Mercati freely, without licences.

Frequently asked questions about the platinum price

What is the platinum price today per gram?

In the session of November 13, 2026 the FT Mercati platinum PM fixing was 43.897 euro per gram (1,508.79 dollars per ounce), equal to 43,897.343 euro per kilo; 950 platinum is worth 41.702 euro per gram. The day's fixings are available to subscribers in real time.

What is 950 platinum worth per gram?

95% of the per-gram price of fine platinum: with fine platinum at 40 euro per gram, 38 euro. It is the value of the metal contained in a piece of jewellery, not the price a buyer will pay, which includes a margin.

At what time is the platinum price fixed?

The Fixing preziosi FT Mercati for platinum is calculated twice a day at the times of the London auctions: 09:45 and 14:00 London time, 10:45 and 15:00 in Italy.

Why is platinum cheaper than gold if it is rarer?

Because the price depends not on rarity but on supply and demand. Gold is supported by investors and by central banks, which hold it as a reserve; platinum depends mainly on industry, starting with the car industry, and has no comparable reserve demand.

What does the platinum price depend on?

On demand from the car industry for catalytic converters, from other industries and from jewellery, on investment in bars and funds, on mine supply, concentrated in South Africa, and on recycling; as with the other precious metals, the dollar and interest rates also count.

Where can the platinum price be seen in real time?

On the FT Mercati platform, on the web and in the app: the day's fixings as soon as they are calculated, the real-time spot price and the full history. On the public site you will find the previous session.

The values are market references calculated and published by FT Mercati, not buying or selling prices: for purchases and sales the dealer's conditions apply. Numerical examples are for convenience.