Answer
Apr 28, 2026 - 06:21 AM
As of 9 AM ET on April 28, 2026, platinum is priced at $1,952.20 per ounce, reflecting a 2.60% drop from yesterday’s mark of $2,004.40. Platinum has dipped back below the psychological $2,000 threshold as profit-taking ensues following last week's rally. Market sentiment is currently weighed down by concerns over European automotive production cycles; however, supply constraints remain a long-term bullish factor. Reports from South African mining hubs indicate ongoing power grid instability, which may limit refined platinum output and provide a floor for prices later in the session.
