Platinum Prices

29-01-2026 - Over the past month, the price of Platinum on the NYMEX has experienced a significant increase, rising from $2,104.8 per ounce to $2,605.7 per ounce. This notable surge indicates a strong upward trend in the raw material market, likely driven by increased demand or potential supply constraints. However, the forecast suggests a decrease in the price to $2,463.1 per ounce, representing a -5.5% change from the current level. This anticipated decline in raw material prices could pose a risk for investors.

The forecast attributes the downward price trend primarily to technical data, which has a negative impact of $106.8 per ounce. While factors such as flows and supply exert upward pressure, demand and technical data suggest a decline, indicating a lack of consensus among different data types.

Contrary to the forecast, external sources offer a different perspective on the one-month outlook for the NYMEX Platinum market. Analysts surveyed by Reuters in October 2025 predict that platinum will average around $1,550 per troy ounce in 2026, an upward revision from an earlier estimate of approximately $1,272. This adjustment is attributed to constrained mine output, tariff uncertainties, and a shift in investment flows following a robust rally in 2025.