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Apr 29, 2026 - 06:24 AM
At 9 AM ET today, April 29, 2026, the live spot price of platinum is $1,912.50 per ounce, translating to a 2.03% decrease from yesterday morning's price of $1,952.20. Platinum is currently enduring heavier losses than gold or silver because of its profound exposure to the global automotive and industrial sectors. With oil prices soaring above $110 a barrel due to the ongoing maritime blockade in the Middle East, manufacturing growth fears are actively dampening speculative interest in platinum group metals (PGMs). This macroeconomic drag is overriding platinum's otherwise tight supply fundamentals. Many contrarian investors view the current dip as a potential entry point before supply constraints push prices back toward previous quarterly highs.
