Platinum Price History UK
Today's and Yesterday's Platinum Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 1226.85 (+7.9) | 39.44 (+0.25) |
| 2026-10-15 | 1218.95 (+13.37) | 39.19 (+0.43) |
Past 10 Days Platinum Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 1226.85 (+7.9) | 39.44 (+0.25) |
| 2026-10-15 | 1218.95 (+13.37) | 39.19 (+0.43) |
| 2026-10-14 | 1205.58 (-41.09) | 38.76 (-1.32) |
| 2026-10-13 | 1246.67 (-24.86) | 40.08 (-0.8) |
| 2026-10-12 | 1271.53 (+3.99) | 40.88 (+0.13) |
| 2026-10-11 | 1267.54 (+0.55) | 40.75 (+0.02) |
| 2026-10-10 | 1266.99 (0.00) | 40.73 (0.00) |
| 2026-10-09 | 1266.99 (+30.92) | 40.73 (+0.99) |
| 2026-10-08 | 1236.07 (+9.49) | 39.74 (+0.3) |
| 2026-10-07 | 1226.58 (-53.1) | 39.44 (-1.7) |
Last 30 Days Platinum Price
| Date | Price (oz) £ | Price (gram) £ |
|---|---|---|
| 2026-10-16 | 1226.85 (+7.9) | 39.44 (+0.25) |
| 2026-10-15 | 1218.95 (+13.37) | 39.19 (+0.43) |
| 2026-10-14 | 1205.58 (-41.09) | 38.76 (-1.32) |
| 2026-10-13 | 1246.67 (-24.86) | 40.08 (-0.8) |
| 2026-10-12 | 1271.53 (+3.99) | 40.88 (+0.13) |
| 2026-10-11 | 1267.54 (+0.55) | 40.75 (+0.02) |
| 2026-10-10 | 1266.99 (0.00) | 40.73 (0.00) |
| 2026-10-09 | 1266.99 (+30.92) | 40.73 (+0.99) |
| 2026-10-08 | 1236.07 (+9.49) | 39.74 (+0.3) |
| 2026-10-07 | 1226.58 (-53.1) | 39.44 (-1.7) |
| 2026-10-06 | 1279.68 (-13.35) | 41.14 (-0.43) |
| 2026-10-05 | 1293.03 (+12.85) | 41.57 (+0.41) |
| 2026-10-04 | 1280.18 (+3.94) | 41.16 (+0.13) |
| 2026-10-03 | 1276.24 (0.00) | 41.03 (0.00) |
| 2026-10-02 | 1276.24 (-20.68) | 41.03 (-0.67) |
| 2026-10-01 | 1296.92 (+17.19) | 41.7 (+0.56) |
| 2026-09-30 | 1279.73 (-7.66) | 41.14 (-0.25) |
| 2026-09-29 | 1287.39 (+2.14) | 41.39 (+0.07) |
| 2026-09-28 | 1285.25 (-41.23) | 41.32 (-1.33) |
| 2026-09-27 | 1326.48 (-9.69) | 42.65 (-0.31) |
| 2026-09-26 | 1336.17 (0.00) | 42.96 (0.00) |
| 2026-09-25 | 1336.17 (+16.87) | 42.96 (+0.54) |
| 2026-09-24 | 1319.3 (+3.58) | 42.42 (+0.12) |
| 2026-09-23 | 1315.72 (-51.94) | 42.3 (-1.67) |
| 2026-09-22 | 1367.66 (+21.38) | 43.97 (+0.69) |
| 2026-09-21 | 1346.28 (+7.62) | 43.28 (+0.24) |
| 2026-09-20 | 1338.66 (+2.19) | 43.04 (+0.07) |
| 2026-09-19 | 1336.47 (0.00) | 42.97 (0.00) |
| 2026-09-18 | 1336.47 (+19.05) | 42.97 (+0.61) |
| 2026-09-17 | 1317.42 (+11.86) | 42.36 (+0.39) |
Note: Some dates may be missing due to market closures or other anomalies.
Last 3 Months Platinum Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Last 6 Months Platinum Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
1 Year Platinum Price Chart
Note: Some dates may be missing due to market closures or other anomalies.
Platinum is one of the most valuable precious metals, and its price in the UK has seen many changes over the years. The market has gone through both sharp rises and sudden drops, often linked to shifts in the global economy, supply and demand, and major world events.
Historical Trends in UK Platinum Prices
Platinum prices in the UK have seen wide swings over the years, ranging from just a few hundred pounds in earlier decades to more than £1,000 during peak periods. The rise in value has been fueled by strong industrial demand, especially in the automotive and technology sectors, along with growing interest from investors. The late 2000s marked a high point, with prices reaching record levels. While the overall trend has moved upward in the long term, the journey has been far from steady, with many sharp ups and downs along the way.
Key Factors Affecting Platinum Prices
Several core factors drive platinum prices today: the balance of supply and demand, economic and political events, and industrial and jewelry demand trends.
Supply and Demand Factors
Platinum is a rare metal, and most of its supply comes from just a handful of countries. Because of this, any disruption in mining such as strikes, political unrest, or transport issues in key regions can reduce supply and drive prices up.Â
On the other hand, when production increases or more recycled platinum enters the market, it can create a surplus, which tends to bring prices down. The balance between limited supply and global demand plays a big role in how platinum is priced.
Economic and Political Influences
Platinum prices often respond to changes in the economy and major political events. When the economy is strong, industries tend to use more platinum, which pushes prices higher. During recessions or financial crises, demand usually drops, and prices can fall.Â
Political situations also have an impact. If there is conflict or instability in a country that produces platinum, it can reduce supply and cause prices to rise. Trade policies and environmental regulations also matter. New rules that encourage clean technologies can increase demand for platinum, while relaxed regulations or tariffs might reduce it.
Impact of Industrial and Jewellery Demand
Platinum metal prices are closely tied to how much is used in industry and jewelry. One of the biggest users is the auto industry, where platinum is used in catalytic converters to reduce emissions. When car production is strong or governments introduce stricter emission rules, demand for platinum rises and so do prices. But if carmakers shift toward electric vehicles or start using more palladium instead, platinum demand can fall, putting downward pressure on prices.
Jewelry is another major area of demand. When platinum jewelry is in style and consumers are spending more, demand increases and help support higher prices. On the other hand, if people start choosing other metals or cut back on luxury purchases during economic slowdowns, platinum jewelry sales can dip, leading to weaker demand and softer prices.
Major Historical Platinum Price Fluctuations
Platinum has gone through some big price changes over the years. In early 2008, the price reached a record high of around $2,300 per ounce. This happened because demand was strong and people were worried there would not be enough supply. But later that same year, the global financial crisis hit, and demand dropped fast. The price then fell by more than half.
In 2020, during the COVID-19 pandemic, platinum metal prices dropped again as factories closed and industries slowed down. When the economy started to recover, the price went back up. These examples show how quickly platinum prices can change when big events happen around the world.
How Currency Movements Influence Platinum Prices
Platinum is traded in US dollars, so the value of the British pound compared to the dollar plays an important role in UK prices. If the pound gets weaker, it takes more pounds to buy the same amount of platinum, making it more expensive in the UK. If the pound gets stronger, platinum prices in pounds can drop, even if the dollar price stays the same. This means that even when supply and demand stay steady, changes in currency can still cause the platinum price graph to rise or fall.
Inflation and Interest Rates Impact on Platinum Prices
Platinum prices are often affected by inflation and interest rates. When inflation is high, many investors buy precious metals like platinum to protect their money. This extra demand can push prices up.
On the other hand, when interest rates go up, platinum can become less attractive. That is because saving money or investing in bonds starts to offer better returns. So, fewer people buy platinum, and the price may go down.
When interest rates are low, there is less reward for keeping money in the bank, and more people turn to metals like platinum. In general, platinum tends to do well when inflation is high and interest rates are low, but the platinum price graph drops when interest rates rise.
Final Thoughts
Platinum’s price history in the UK reflects a mix of economic shifts, global events, industrial demand, and investor behavior. Over time, it has seen both sharp rises and steep drops, shaped by everything from supply disruptions to currency movements. By looking at how these factors influenced the price in the past, you can gain a clearer understanding of what might affect its value going forward.
This content is for informational purposes only and does not constitute financial advice. Always consult a qualified financial advisor before making investment decisions.
FAQs
What has influenced recent changes in platinum prices in the UK?
Recent changes in platinum prices have been driven by several factors, including shifts in industrial demand, especially from the auto industry, supply issues in major mining countries, global inflation, and changes in interest rates. Currency movements between the British pound and the US dollar have also played a role, as platinum is traded in dollars but priced in pounds in the UK.
What are the highest and lowest platinum prices historically recorded in the UK?
The highest platinum price recorded globally was around $2,300 per ounce in early 2008, which translated to a very high price in pounds at the time. The lowest prices were seen many years earlier when platinum traded for just a few hundred pounds per ounce. Exact UK prices vary based on the exchange rate, but these peaks and drops show how much the value can change over time.
How frequently do platinum prices change?
Platinum prices change daily and often even within the same day. They are influenced by global trading, news events, supply and demand shifts, and financial market trends. Investors and businesses usually track prices in real-time to respond to sudden movements.
Why is historical platinum price data important for investors?
Historical price data helps investors understand long-term trends and spot patterns in how platinum reacts to events like economic shifts or supply disruptions. It also helps in making better decisions about when to buy or sell and gives insight into how platinum compares to other precious metals over time.