What Is the Platinum Price per Kilogram Today?#
The platinum price per kilogram today is $55,009.93, an over-the-counter spot quote timestamped 5 Oct 2026, 15:35 UTC. All six platinum group metals share this feed, listed under platinum group metal prices today; the fuller price education lives on platinum price today.
Platinum Price per Kilogram: Conversion Table#
One kilogram of platinum equals 1,000 grams and 32.1507466 troy ounces, priced below from the same USD spot figure as the site's other unit pages.
| Weight | Grams | Troy ounces | Price (USD) |
|---|---|---|---|
| 1 gram | 1 | 0.0321507466 | $55.01 |
| 10 grams | 10 | 0.321507466 | $550.10 |
| 1 troy ounce | 31.1034768 | 1 | $1,711.00 |
| 1 kilogram | 1,000 | 32.1507466 | $55,009.93 |
How the Kilogram Price Is Calculated#
The USD price per kilogram is the OTC spot price per troy ounce, divided by 31.1034768 and multiplied by 1,000.
Price per kilogram (USD)
= (OTC spot price per troy ounce, USD / 31.1034768)
x 1,000
Illustrative only (not today's price): if the OTC spot price = $X/troy oz, then
price per kilogram = (X / 31.1034768) x 1,000
Dividing by 31.1034768 turns the ounce price into a gram price; multiplying by 1,000 scales it to a kilogram. The same ounce price, divided instead by 453.59237 grams per avoirdupois pound, gives the platinum price per pound.
Platinum's kilogram price uses one of several series that quote the metal, listed below.
| Series | Quote type | Unit as published | Currency | Frequency | Source |
|---|---|---|---|---|---|
| OTC spot quote | Spot bid/ask | Per troy ounce | USD | Continuous, trading hours | Market-data vendor |
| LBMA Platinum Price | Benchmark auction | Per troy ounce | USD (indicative GBP, EUR) | Twice daily, 09:45 and 14:00 London | ICE Benchmark Administration |
| NYMEX platinum futures | Futures settlement | Per troy ounce, 50 oz t contract | USD | Daily settlement | CME Group |
What Moves the Platinum Price#
Three factors move every platinum unit price, including the kilogram figure above.
- The USD spot benchmark itself, which resets continuously.
- Liquidity and dealer premiums, wider for large kilogram-scale tickets.
- Mine supply and demand shifts, reported quarterly by WPIC and Johnson Matthey.
All nine factors behind this figure are covered on what drives the platinum price.
Buying and Selling Platinum by the Kilogram#
Platinum bars run from 1 g to a full kilogram, while coin and round products cluster at the smaller gram and 10-gram weights instead. A kilogram reaches buyers and sellers through three channels, listed below.
- Bullion dealers, who sell kilogram bars as a wholesale product, not a typical retail order.
- Refiner and institutional accounts, trading kilogram lots against London's wholesale market.
- Scrap and industrial recovery, paid on assayed platinum content, not gross weight.
Buying routes at any weight are compared on investing in platinum and how to buy platinum; that assay-based payout is explained on scrap platinum price.
Kilogram-Specific Product or Grade Note#
At the kilogram weight, the London Platinum and Palladium Market (LPPM) defines the wholesale Good Delivery specification: plates and ingots of at least 99.95% purity, weighing 1 kilogram (32.151 troy oz) to 6 kilograms (192.904 troy oz), per LPPM's Good Delivery rules. A 1 kg plate is the smallest wholesale unit London's platinum market recognizes, well above a retail bar's 1 g to 100 g range.
Platinum vs Gold, per Kilogram#
Per kilogram, platinum and gold are priced on separate USD benchmarks; the ratio between them moves daily, not by a fixed multiple. Platinum trades at 41.4%% of the gold price today, $55,009.93 against $132,962.63 per kilogram. Platinum vs gold compares price, rarity, value and investment differences between the two metals at every weight this site tracks.
Other PGMs by the Kilogram#
Platinum is one of six PGMs priced by the kilogram on DailyPlatinum, and two sibling metals already publish a kilogram page.
| Metal | Kilogram price page |
|---|---|
| Platinum | Platinum price per kilogram today (this page) |
| Palladium | Palladium price per kilogram today |
| Rhodium | Rhodium price per kilogram today |
Platinum in Other Units#
Platinum's price is also published per other units, listed below.
- Gram: platinum price per gram today
- Ten grams: platinum price per 10 grams today
- Pound: platinum price per pound today
Platinum (Pt), element 78, converts between all these weights in the troy ounce converter; its full identity is covered on platinum (Pt), element 78.
Platinum Price per Kilogram FAQ#
Why is platinum cheaper than gold?#
Platinum has traded below gold since 2015 (metalcharts.org), the year diesel-emissions concerns began cutting automotive demand for the metal. Gold also holds central-bank reserve roles that platinum lacks; see platinum vs gold.
How much is 1 g of platinum worth today?#
One gram of platinum costs $55.01 today, the kilogram price above divided by 1,000. Platinum price per gram today tracks it in more currencies.
What metal is 30 times rarer than gold?#
No figure in DailyPlatinum's sources confirms an exact "30 times" multiple between platinum and gold; the two metals' mine output is reported on different bases.
How much is 2 kg of platinum?#
Two kilograms of platinum costs twice the kilogram price above, since every weight on this page scales in a straight line from the same OTC spot figure; no separate 2 kg quote exists.
Is platinum more expensive than 24-karat gold?#
No: platinum has cost less than gold since 2015; today one kilogram costs $55,009.93 against $132,962.63 for gold. Karat measures gold's alloy purity, a scale platinum does not use.