Platinum Jumps to $1,300/Oz as Gold Ratio Falls by Amit Gupta, Kedia Advisory
Platinum prices soared to $1,300 per ounce, hitting a four-year high amid tight supply and diversified demand. The metal’s 41% year-to-date surge reflects rising jewellery interest, investor momentum post-London Platinum Week, and easing gold/platinum ratio. The Gold/Platinum ratio has begun to fall from its multi-year high of 3.573, suggesting either a gold correction or further platinum upside. With gold holding firm due to Middle East tensions, we see strong potential for platinum gains ahead. Platinum's broader use in diesel vehicles, hydrogen energy, and jewellery supports a bullish case. Market focus now turns to industrial trends and clean tech developments.
* Platinum hits $1,300/oz, its highest price since February 2021.
* Prices up 41% YTD on supply deficit and strong jewellery demand.
* Gold/Platinum ratio drops from peak, signalling platinum strength.
* Gold remains supported amid Iran tension, aiding platinum upside.
* Hydrogen and commercial sectors add long-term demand support.
Platinum prices surged to $1,300 per ounce, reaching a four-year high and confirming a bullish trend that’s been building steadily throughout 2025. The metal has climbed 41% year-to-date, powered by a combination of constrained supply, strong jewellery restocking, and growing investor confidence post-London Platinum Week. A major technical catalyst for this move is the sharp reversal in the Gold/Platinum ratio, which recently dropped from a peak of 3.573 to 2.743. Historically, a falling ratio has either led to gold weakness or platinum strength. With gold remaining firm—supported by ongoing geopolitical tension in the Middle East, especially around Iran—the path of least resistance appears to favour further platinum upside.
Jewellery demand continues to rise as gold’s price surge pushes consumers toward platinum as a cost-effective alternative. This trend is particularly evident in Asia, where platinum fabrication and restocking activities are gaining momentum. Simultaneously, platinum’s appeal as an industrial metal—used in hydrogen energy systems, diesel catalytic converters, and electronics—gives it resilience against shifting auto and clean energy trends. Unlike palladium, which relies heavily on gasoline vehicles and is pressured by EV adoption, platinum benefits from commercial vehicle applications that are slower to electrify. Market sees that unless gold sharply corrects, the falling gold/platinum ratio reinforces the bullish case for platinum prices continuing higher.
So, either gold steady and ratio dynamics shift, platinum has room to extend gains as market conditions favor further upside.
Do you know the Gold/Platinum ratio It reveals how many ounces of platinum equal one ounce of gold? It reflects market sentiment—gold as a safe haven, platinum as an industrial. A falling ratio signals platinum strength or undervaluation, often preceding bullish moves. Recently, this ratio dropped from 3.573 to 2.743, just as platinum prices surged to a four-year high of $1,300/oz—signaling strong upside potential as gold remains firm amid geopolitical tensions.
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