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Jan 16, 2026 - 06:17 AM
As of 9 AM ET on January 16, 2026, the spot price of platinum is $2,311.12 per ounce, marking a -1.91% decrease from $2,356.00 at the same time yesterday. This dip is attributed to reduced automotive catalyst demand forecasts and broader market profit-taking, yet tightening global supplies from key producers like South Africa support a positive long-term outlook.
