Platinum prices averaged USD 1,564 per troy ounce in November, down 3.3% from October. On 28 November, the commodity traded at USD 1,640 per troy ounce, up 3.2% from 31 October.
Average platinum prices fell in November, after hitting an over 10-year high in October. Easing safe-haven demand following news of a China-U.S. trade deal, and hawkish remarks by the Fed mid-month suggesting a final 2025 rate cut might be off the cards, weighed on prices. That said, prices rallied in the last week of November on renewed optimism regarding Fed monetary easing, and the launch of a futures contract in China boosting consumer sentiment and demand.
This chart displays Platinum (US$/toz) from 2023 to 2025.
Platinum LME (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Platinum LME | - | - | - | 914 | 911 | 980 | 964 | 966 | 968 | 1,070 | 1,386 | - |