Platinum Price Per Gram in gbp
Platinum Bid / Mid / Ask (GBP) per gram
Bid is the price buyers are offering, Ask is the price sellers are requesting, and Mid is the midpoint between them.
| Platinum | ||
|---|---|---|
| Bid | Mid | Ask |
| £ 36.135 | £ 36.254 | £ 36.374 |
Platinum
Platinum is a rare, dense precious metal with a silvery-white lustre. It is widely used in catalytic converters, jewellery and laboratory equipment, and its demand profile is more industrial than gold's.
Please note: All data is supplied by a third-party source. UKBullion.com does not control the data displayed above and we are not responsible for any inaccuracies.
Platinum Price UK
Platinum trades in far smaller volumes than gold or silver, and that shows up in the chart above: fewer, larger moves rather than steady drift. South Africa mines roughly 70% of the world's platinum, with Russia and Zimbabwe supplying most of the rest. This page tracks the platinum price in pounds sterling per gram, refreshed every 5 seconds from the live spot market, alongside historic charts reaching back decades.
Why Buy Platinum?
Platinum is mined in far smaller quantities than gold: annual mine supply is under 200 tonnes a year against more than 3,000 for gold. For most of the twentieth century platinum traded above the gold price; that flipped after 2015 and it has sat below gold ever since, which is exactly why some buyers watch it. Every platinum bar and coin we sell is priced directly from the live market data shown in the chart above.
Around 40% of annual platinum demand comes from catalytic converters, with jewellery taking roughly another quarter and the rest going to chemical processing, glassmaking, electronics and medical uses such as pacemakers.
Platinum is also a member of the platinum group metals (PGMs) alongside palladium, and the two metals often move together as they share industrial applications and mine supply.
Unlike investment gold, platinum is subject to VAT at the standard rate in the UK. However, UK Legal Tender platinum coins, such as the platinum Britannia, are Capital Gains Tax free, which can make them attractive to UK investors. To learn more about precious metals as an investment, visit our Learning Centre or call us on 0800 090 3256.
