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Platinum Price in 2023 | Historical Platinum Prices

Annual summary, monthly averages, and key events that shaped platinum prices in 2023

← 202220232024 →

Jan 1

$1,077

Opening Price

Dec 31

$924

Closing Price

Year High

$1,093

Annual High

Year Low

$852

Annual Low

Annual Avg

$984

Average Price

vs 2022

-14.2%

Annual Change

Monthly Platinum Price Chart — 2023

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $895High: $1,060

Monthly Average Platinum Prices — 2023

MonthAvg Price (USD/oz)vs Prev Month
Jan 2023$1,060-1.6%
Feb 2023$980-7.5%
Mar 2023$990+1.0%
Apr 2023$1,000+1.0%
May 2023$1,040+4.0%
Jun 2023$960-7.7%
Jul 2023$920-4.2%
Aug 2023$895-2.7%
Sep 2023$910+1.7%
Oct 2023$915+0.5%
Nov 2023$910-0.5%
Dec 2023$924+1.5%

What Happened to Platinum in 2023?

Platinum fell 14% in 2023. The accelerating EV adoption narrative reduced long-term demand expectations for ICE catalysts. South African power crisis (Eskom load-shedding at record levels) created supply disruptions but also raised production costs, keeping supply constrained.

Browse All Years

2000+49%2001-23.5%2002+33.6%2003+34.1%2004+1.2%2005+19.7%2006+11.3%2007+34.8%2008-41.2%2009+61.7%2010+20.7%2011-20%2012+9.3%2013-11.1%2014-11.5%2015-26.6%2016+2.1%2017+1.7%2018-13.7%2019+22.5%2020+10.3%2021-10%2022+11.5%2023-14.2%2024+0.9%2025+9.9%2026+2.3%

Related Pages

Live Platinum PriceAll Historical YearsGold PricePalladium PriceSilver Price