Staff Answer
May 14, 2026 - 06:18 AM
The spot price of platinum is $2,105.50 per troy ounce as of 9:00 AM ET today, May 14, 2026, marking a -1.24% decline compared to yesterday's value of $2,132.00. Platinum prices are experiencing near-term downward pressure due to a combination of localized retail headwinds—following India's recent basic customs duty hike to 15%—and technical corrections in broader industrial commodities. Despite today's slide, platinum's long-term outlook remains underpinned by its critical, expanding role in green hydrogen technology and its steady substitution for palladium in automotive catalytic converters.
