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Feb 03, 2026 - 06:25 AM
Platinum continues its robust performance this year, trading at $2,246.50 per ounce as of 9 AM ET today. This is a 4.98% increase from yesterday’s platinum spot price of $2,140.00. The price action is supported by ongoing supply constraints at South African mines and a growing trend of "reverse substitution," where industrial users switch back to platinum due to its relative value compared to other rare metals.
