Platinum Prices man

Platinum prices averaged USD 2,054 per troy ounce in March, down 4.0% from February. On 31 March, the commodity traded at USD 1,908 per troy ounce, down 19.4% from 27 February.

Average platinum prices fell for a second consecutive month in March, though the decline was smaller than February’s. Prices ended the month at a four-month low, as the Iran war pushed the U.S. dollar and bond yields higher—reducing the appeal of non-yielding metals—while elevated energy prices reinforced expectations of tighter monetary policy. Platinum prices were also weighed down by weaker automotive demand, stronger supply amid increased recycling and profit-taking following an early-year rally.