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🇿🇦 Platinum Price Per Gram in South Africa | R987.21
Platinum price per gram in South African Rand (ZAR) — updated every minute
Last updated: Jun 19, 2026, 12:44 AM ET — Exchange rate: 1 USD = 18.5 ZAR
Per Gram (ZAR)
R987.21
Per 10 Grams (ZAR)
R9,872
Per Troy Oz (ZAR)
R30,706
Per Kg (ZAR)
R987,212
About Platinum Prices in South Africa
The platinum price in South Africa is derived from the international spot price (denominated in USD per troy ounce) and converted to South African Randat the current exchange rate. Platinum is one of the world's rarest metals — annual mine production is roughly 200 tonnes, compared to 3,300 tonnes of gold.
Approximately 70-75% of the world's platinum is mined in South Africa, making supply conditions in that country a key price driver. Industrial demand — primarily automotive catalysts and emerging hydrogen fuel cell technology — accounts for over 50% of annual consumption. Investment demand via ETFs and bars/coins makes up most of the remainder.
Frequently Asked Questions — Platinum Price in South Africa
What is the platinum price per gram in South Africa today?
The platinum price per gram in South Africa is currently R987.21 (ZAR). This is calculated from the international platinum spot price of $1,659.77/troy oz divided by 31.1 grams per troy ounce, then multiplied by the USD/ZAR exchange rate.
How much is 10 grams of platinum in South Africa?
10 grams of platinum is currently worth R9,872.12 in South Africa. Platinum is rarer than gold — approximately 30 times rarer — but currently trades below gold due to shifts in automotive catalyst demand.
How much is 1 kilogram of platinum in South Africa?
One kilogram of platinum is currently worth R987,212 in South Africa (ZAR). One-kilogram platinum bars are sold by major refineries and are a popular form for institutional investors.
Is platinum more expensive than gold in South Africa?
At current prices, platinum ($1,659.77/oz) trades below gold. Historically, platinum commanded a substantial premium over gold, and many analysts view the current discount as representing long-term value. The gold/platinum ratio currently stands at approximately 2.5:1.