Platinum and palladium exchange prices on the 29/05/2026 to 17:28

What is the spot platinum price?

The platinum price, also known as the spot price, is the price at which platinum is traded in real time on the international financial markets. As with gold and silver, it is expressed in US dollars per troy ounce (31.1035 grams), then converted to euros at the current EUR/USD exchange rate.
The global benchmark is the LBMA Platinum Price, administered by the IBA (ICE Benchmark Administration) and published twice daily: at 9.45am GMT and at 2pm GMT. This fixing brings together the world's major banks and the main players in the precious metals market. Outside these fixings, platinum trades continuously on the NYMEX in New York and the LBMA in London, from Monday to Friday.
On our page, we display the price per ounce, gram and kilogram directly in euros, with the variation in real time, for immediate reading without the need for conversion.

What is the spot price of palladium?

The spot palladium price is the reference price of palladium on the financial markets at a given moment, for immediate delivery. In other words, it is the price at which an ounce of palladium can be bought or sold "spot", without delay, on the world market.

This price is continuously determined by the confrontation of supply and demand (mining production, automotive industry, geopolitical context, etc.), which explains its high volatility.

For the retail investor, spot prices provide an essential basis for valuation: they serve as a benchmark for all palladium-related products (ingots, coins, ETFs). However, the price actually paid generally includes a premium (manufacturing and distribution costs), which differentiates it from pure spot.

Finally, the spot price is generally expressed in dollars per troy ounce (≈31.1 g) and changes in real time according to exchanges on the major international markets.

Spot price and price of a platinum ingot or coin: what's the difference?

The spot price is the reference price of pure platinum (950 ‰ minimum for investment products) on institutional wholesale markets. It is not the price at which a private individual buys or sells.

When you buy a certified platinum ingot or coin such as Canadian Maple Leaf Platinum or American Eagle Platinum, the price incorporates a premium above spot covering manufacturing, packaging, insurance and the professional's margin.

Premiums on physical platinum are generally between 5 and 15%, depending on format and product. As platinum is a much narrower market than gold or silver, resale liquidity is more limited and buy/sell spreads wider. This is an essential point to bear in mind before investing.

Why is the platinum price changing?

Platinum occupies a singular position among precious metals: it is the rarest, and its demand is based on a delicate balance between industrial uses, jewelry and investment.

Automobiles and new motorizations. The automotive sector accounts for around 38% of global demand for platinum. The metal is irreplaceable in catalytic converters used in diesel vehicles to neutralize toxic emissions. In the longer term, it plays a central role in hydrogen fuel cells: every hydrogen-powered vehicle requires platinum as a catalyst. According to the WPIC (World Platinum Investment Council), fuel cell vehicles could generate up to 3 million ounces of additional annual demand by 2033. The energy transition is therefore a double-edged sword for platinum: what the rise of the electric vehicle takes away on the one hand, the hydrogen economy could give back on the other.

An ultra-concentrated and vulnerable supply. Around 70% of the world's platinum production comes from South Africa, far ahead of Russia (11%) and Zimbabwe (8%). This extreme geographical concentration makes supply highly sensitive to geopolitical hazards, social conflicts in the mines or logistical disruptions. Since 2015, global production has fallen by over 6%, and the market has been recording a persistent structural deficit for several years.

Rates, the dollar and geopolitics. Like other precious metals, platinum reacts to changes in the US dollar (an inverse correlation), real rates and inflation. In times of economic or geopolitical uncertainty, it also benefits from investment flows seeking tangible assets, although this effect is less marked than for gold.

Why does the price of palladium fluctuate?

The price of palladium fluctuates as a result of constant imbalances between global supply and demand, often more pronounced than for other precious metals. On the demand side, the automotive industry plays a key role: palladium is essential for catalytic converters in gasoline vehicles, making it highly sensitive to economic cycles and environmental standards. (Source: Johnson Matthey)

On the supply side, production is highly concentrated in Russia and South Africa, exposing the market to geopolitical risks, mining strikes or sanctions, which can rapidly put pressure on prices. (Source: US Geological Survey)

The price is also influenced by financial factors: trends in the dollar, speculation via ETFs, or arbitrages with platinum. Finally, structural supply shortages, regularly highlighted by the World Platinum Investment Council, add to volatility.

How to buy physical platinum

Investing in physical platinum is more confidential than gold or silver, but still accessible. However, the range of products on offer is more limited, and a few principles are essential.

Always go through an authorized professional, such as Godot & Fils. The market for physical platinum is narrower than that for gold: vigilance over the authenticity and quality of the counterparty is all the more important. A recognized specialist will guarantee the authenticity of the product, provide you with a certificate and advise you on the timing of your purchase based on the current price.

And don't forget the question of liquidity: platinum is less easily resold than gold or silver. Choose standardized, recognized products, and avoid atypical formats that may discourage buyers from reselling.

How to sell physical platinum at the best price?

As the platinum market is narrower, the choice of buyer is even more decisive than for gold. Choose a professional who specializes in precious metals, is transparent about his reference price and offers immediate payment.

Favourable selling phases are generally linked to South African supply tensions, a marked industrial recovery or positive news on hydrogen deployment. Follow the share price on a daily basis using the tools available on this page.

In terms of taxation, the sale of physical platinum in France is subject to the same rules as gold and silver:
The flat-rate tax on precious metals: 11.5% on the sale price, with no proof of purchase required.
Capital gains tax: 36.2% on the actual capital gain, with a 5% allowance per year of ownership beyond the 2nd year, i.e. total exemption after 22 years.

FAQ : Frequently asked questions about platinum and palladium prices

How is the daily platinum price determined?

Via the LBMA Platinum Price, published twice daily at 9.45 am GMT and 2.00 pm GMT. Outside these fixings, the price fluctuates continuously on the NYMEX and international OTC markets. Our table is updated in real time.

Why is platinum worth less than gold today?

Historically, platinum was worth more than gold due to its greater rarity. This ratio has reversed since 2015, largely due to uncertainties over diesel automotive demand and the transition to electric vehicles. Many analysts consider platinum to be structurally undervalued today relative to its fundamentals.

What's the link between platinum and hydrogen?

Platinum is the indispensable catalyst for hydrogen fuel cells. The development of hydrogen-powered vehicles, clean energy production networks and associated infrastructures represents a potentially considerable demand driver for the metal over the long term.

Is platinum a good investment?

Platinum has a distinct risk/return profile from other precious metals: a smaller market, higher volatility, but the potential for structural revaluation linked to hydrogen and the chronic shortage of supply. It is ideally integrated as a complement to gold, as part of a diversification strategy, rather than as the sole precious metals investment vehicle.

Why is palladium more expensive than platinum?

Palladium is sometimes more expensive than platinum due to a structural imbalance between high demand and limited supply. For several years now, demand has been driven by the automotive industry, where palladium is favored for gasoline engine catalysts, particularly after Dieselgate, which accelerated the decline of diesel (rather associated with platinum). (Source: Johnson Matthey)

At the same time, global palladium supply is more concentrated and fragile, dominated by Russia and South Africa. This dependence exposes the market to geopolitical tensions and mining disruptions. (Source: US Geological Survey)
Conversely, platinum suffers from weaker demand and occasional surpluses, which weigh on its price. Finally, industrial arbitration between the two metals takes time, maintaining price differentials.