Bullish
Platinum price rises to $1,720 per ounce amid supply concerns and industrial demand.
In the past 24 hours, platinum's price has increased to $1,720 per ounce, driven by ongoing supply constraints and a 5% projected rise in industrial demand for 2026. This uptick is also supported by a 1.16% intraday gain, with spot platinum surpassing the $1,720 mark.
Key points
- Platinum's price has risen to $1,720 per ounce, reflecting a 1.16% intraday gain.
- The World Platinum Investment Council forecasts a 5% increase in industrial demand for platinum in 2026.
- Spot platinum has surpassed the $1,720 per ounce mark, now quoted at $1,720.10 per ounce, up 1.16% for the day.
Sources
AI-generated from public news sources. Not financial advice.
