Platinum Prices

Platinum prices averaged USD 980 per troy ounce in March, up 0.2% from February. On 31 March, the commodity traded at USD 993 per troy ounce, up 5.3% from 28 February.

Platinum prices inched up in March. Rising trade war fears stoked safe-haven demand and renewed power cuts in top supplier South Africa fueled supply concerns. Also, a weaker USD and a monthly dip in U.S. Treasury bond yields bolstered investors’ appetite for platinum, as did a landmark fiscal stimulus package in Germany—one of the metal’s top consumers.