How much did an ounce of platinum cost?
An ounce of platinum cost $425.36 in 1995 and $960.70 in 2024: about 2.3 times as much.
Over the same years, prices in general (US inflation, measured by the consumer price index, CPI) rose about 2.1 times. That makes $425.36 in 1995 worth about $876 in 2024 money. So it roughly kept pace with inflation (within 10%).
In the years listed, the highest price was $1,616 in 2010 and the lowest $425.36 in 1995. The biggest change between two listed years came between 2005 and 2010, when it went up 80%, from $899.51 to $1,616.
Platinum: price by year
| Year | Price | In 2024 dollars |
|---|---|---|
| 1995 | $425.36 | $876 |
| 2000 | $549.30 | $1,000 |
| 2005 | $899.51 | $1,440 |
| 2010 | $1,616 | $2,320 |
| 2015 | $1,056 | $1,400 |
| 2020 | $886.02 | $1,070 |
| 2024 | $960.70 | $961 |
"In 2024 dollars" adjusts each amount for inflation with the CPI, so the years can be compared fairly. How this works.
Where the numbers come from
The yearly average price from the US Geological Survey's Minerals Yearbook. The latest year published is 2024.
Source: U.S. Geological Survey: Minerals Yearbook, Platinum-Group Metals, Table 1 Salient PGM Statistics (several editions) + Mineral Commodity Summaries 2026: Platinum-Group Metals. View the source.
Think you'd have guessed it? Play today's Daily 5