Current Platinum Price
At Metals Radar UAE, we provide real-time updates on platinum prices through our interactive live chart—refreshed frequently so you can make well-informed decisions when buying or selling. By default, platinum prices are displayed per troy ounce in US dollars, but you can switch to AED or another preferred currency for a more localized experience.
Platinum is a rare and valuable metal used in many industries, from high-end jewellery and automotive manufacturing to petroleum refining and fibreglass production. Its combination of intrinsic value and industrial demand makes platinum a compelling asset for UAE investors seeking portfolio diversification. Due to its volatility, closely following price trends is essential.
Tracking the Platinum Spot Price
Our chart allows you to monitor the live platinum spot price and analyze historical pricing trends across various timeframes—from the past month to multiple decades. Understanding how platinum has performed over time helps identify strategic moments to buy or sell.
What Is the Platinum Spot Price?
The spot price of platinum reflects the current market rate for one troy ounce, usually quoted in USD. In the UAE, this serves as a key benchmark for investment, resale, and market analysis.
What Is a Troy Ounce?
Platinum and other precious metals are measured in troy ounces—each weighing 31.1035 grams. This differs slightly from the standard ounce (28.3495 grams) and is the global standard for bullion pricing and trading.
Who Sets Platinum Prices?
Platinum pricing is governed by global markets and is overseen by the London Bullion Market Association (LBMA) in collaboration with the London Metal Exchange (LME). Prices generally fall into two categories:
- Spot Price – The current market value, updated in real time.
- Fixed Price – A benchmark rate set by the LME, often used for institutional transactions to stabilize pricing.
What Influences Platinum Prices in the UAE and Globally?
Multiple factors can drive platinum prices. Being informed about these influences helps UAE investors make smarter investment choices.
South African Supply
South Africa is the world’s largest producer of platinum. Any disruption—such as political unrest, strikes, or logistical issues—can affect supply and cause global price movements.
Automotive Demand
A significant amount of platinum is used in catalytic converters to control vehicle emissions. Fluctuations in global auto manufacturing or advances in alternative technologies may directly impact demand.
US Dollar vs. South African Rand
Because platinum is largely mined in South Africa but priced in USD, exchange rate volatility between the US dollar and the South African rand can influence production costs and international pricing.
Investor Activity
Platinum is also a speculative asset. Increased investor demand can cause prices to rise, while sell-offs may bring them down. Keeping an eye on investor sentiment can provide clues about short-term price movements.
Is Now a Good Time to Invest in Platinum from the UAE?
Platinum is often seen as a hedge against market uncertainty, similar to gold and silver. It can preserve value when traditional financial markets are under pressure.
For UAE-based traders, our live platinum chart offers timely insights into market shifts, helping identify entry and exit points. Additionally, following global economic news and industrial trends can further refine your investment strategy.
Where to Buy Platinum at Competitive Rates
Whether you’re in Dubai, Abu Dhabi, or elsewhere in the UAE, Metals Radar connects you with trusted international and regional dealers. Our platform compares live platinum prices to help you find the most competitive offers quickly and confidently.
Will Platinum Prices Go Up or Down?
Future platinum prices depend on a mix of factors—industrial usage, investor trends, and innovations in alternative materials. Industries may either boost platinum demand or shift toward cheaper substitutes, affecting long-term price trajectories.
Analyzing historical data via our chart helps UAE investors spot patterns and anticipate potential shifts based on past global events and market behavior.
Platinum’s Record High
In March 2008, platinum hit an all-time high of $2,290 per ounce. This was driven by production shortages in South Africa and instability in global financial markets.
Platinum Investment in the UAE: Bars vs. Coins
When investing in physical platinum, UAE investors can choose between bars and coins—each offering distinct benefits.
Platinum Bars
Refined to 999.5 purity and typically produced by trusted private mints like Valcambi and PAMP Suisse, platinum bars are ideal for larger investments. They generally come with lower premiums and are available in weights from 1 gram to 1 kilogram. However, larger bars may be harder to liquidate in smaller portions.
Platinum Coins
Issued by government mints, platinum coins combine investment value with craftsmanship and collectability. Though they carry higher premiums than bars, coins are easier to sell in smaller amounts. Popular coins include the Platinum Maple Leaf (Canada), Platinum Britannia (UK), and Platinum Kangaroo (Australia)—often available through dealers serving the UAE market.
How to Find the Best Platinum Prices in the UAE
Comparing offers from multiple platinum dealers is key to making a wise investment. Metals Radar’s price comparison tool tracks rates from trusted international sellers, helping UAE investors secure the best value.