Platinum Price Today Per Gram – Platinum Rate Today

In May, platinum prices rebounded above $960 due to expectations of softer US tariffs and potential exclusion of carmakers. However, the rise was limited by declining global car sales, especially in China. The platinum rate today is 8,888 per gram in Pakistan.

Platinum rate for different quantities is:

As of Today, the Gold Rate is 3,60,000 PKR per tola for 24-k, and the Silver rate in Pakistan is 3375 PKR per Tola.

Platinum, a precious metal known for its rarity and unique industrial uses, plays a vital role in various industries, particularly automotive manufacturing, chemical production, and petroleum refining. The price of platinum fluctuates based on various factors, including global demand, industrial usage, and market dynamics, making it a commodity closely monitored by both investors and manufacturers.

Historically, platinum has been a highly sought-after metal, known for its beauty and rarity, as well as its practical applications in industry. However, its pricing history has been volatile, with significant peaks and troughs reflecting shifts in both supply and demand.

For instance, platinum prices surged during the 2008 financial crisis, when investors turned to precious metals as a safe haven. However, the price of platinum saw a significant drop after reaching a high of nearly $2,000 per ounce in 2008, as the global recession dampened industrial demand.

Over the past few years, platinum prices have shown fluctuations, with notable price adjustments. In early 2025, platinum prices rose above $960 per ounce, driven by expectations of reduced tariffs and continued demand for the metal in automotive and industrial applications. This rebound came after a significant decline in early April 2025, when platinum hit a one-year low of $894 per ounce due to global trade tensions and a decline in automotive production.

While platinum shares many characteristics with gold and silver, it is distinct in several ways. Gold is typically seen as a safe-haven asset, while platinum’s price is more heavily influenced by industrial demand. Platinum also has a more complex market due to its higher rarity and the fact that it is often used in industries that are subject to regulatory changes, such as automotive emissions standards.

In terms of pricing, platinum is often compared to gold and silver, as platinum can sometimes be more expensive due to its industrial demand and scarcity. However, during periods of economic uncertainty or when industrial demand weakens, platinum may trade at a discount to gold. The price of platinum can fluctuate more dramatically than the silver rate in Pakistan, making it a riskier investment at times.

The platinum market is primarily driven by a few large-scale producers, with South Africa at the forefront. This dominance by a single country makes platinum particularly vulnerable to supply disruptions caused by geopolitical issues, labour strikes, or natural disasters. Additionally, Russia and North America, although important contributors to platinum production, have a much smaller share of the global market.

Platinum futures are actively traded on major commodity exchanges, such as the New York Mercantile Exchange and the Tokyo Commodity Exchange. These futures contracts allow investors and manufacturers to hedge against price fluctuations or to speculate on future price movements. The share price of platinum-related stocks can also be affected by shifts in global supply and demand.

In Pakistan, platinum prices are closely monitored as the metal is used in various industrial applications, although its demand is smaller compared to more common metals like gold and silver. As of April 2025, platinum prices in Pakistan have increased by 6.48% year-over-year, reflecting global trends in platinum supply and demand.

The platinum rate in Pakistan varies across different cities, such as Karachi, Lahore, and Islamabad, due to fluctuations in local currency values and market conditions. In local markets, platinum is often compared to gold and silver in terms of its investment potential, though it generally holds a higher price tag. When considering platinum for jewellery, the ring price for platinum can be higher than that of silver due to its rarity and raw material costs.

Several key factors impact the platinum rate today, both in the short and long term.

Industrial Demand

Platinum’s primary industrial use is in catalytic converters for automobiles, which help reduce harmful emissions. Any changes in automotive manufacturing, particularly in the production of vehicles with internal combustion engines (ICE), can significantly influence platinum prices.

For example, reports indicating a decrease in global car sales, especially in China, can lead to downward pressure on platinum prices. Conversely, a surge in manufacturing activities or automotive demand, particularly in emerging markets, can boost the price. This industrial demand is reflected in platinum’s price, making it a vital consideration for investors and manufacturers alike.

Supply Constraints

Platinum is among the rarest metals on Earth, with South Africa producing around 80% of the global platinum supply. Political instability, labour strikes, or mining disruptions in this key producing country can reduce the available supply, pushing prices higher.

Other significant producers, such as Russia and North America, also play a role, though their output is far less substantial. The price per kilogram can be affected by these supply-side factors. With limited availability, the platinum cost is often higher than that of more abundant metals, such as gold or silver.

Global Trade and Tariffs

Trade policies, particularly in the US, can affect platinum prices. For instance, US President Trump’s delay in implementing tariffs on imports had a short-term positive effect on platinum prices. The prospect of trade deals and reduced tariffs can bolster demand expectations for industrial metals like platinum. These factors can directly influence the value of platinum at any given time.

Exchange Rates

Platinum prices are typically quoted in US dollars, and fluctuations in the value of the dollar can influence platinum’s relative price. A weaker dollar can make platinum cheaper for buyers using other currencies, potentially driving demand and increasing prices. The price in Pakistan, for instance, is influenced by the local exchange rate and can fluctuate due to these broader global movements.

Platinum is a valuable and versatile metal that holds significant industrial and investment importance. A combination of factors, including industrial demand, supply constraints, global trade policies, and broader economic conditions, influences its price.

While platinum has historically been volatile, it remains a crucial element in industries such as automotive manufacturing, petroleum refining, and electronics. Understanding the factors that drive platinum pricing and market behaviour is essential for investors and manufacturers alike, as shifts in the global market can lead to significant changes in the price and overall availability of this precious metal.