Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Platinum futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of platinum (eg. 50 troy ounces) at a predetermined price on a future delivery date.
Platinum Futures Exchanges
You can trade Platinum futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM).
NYMEX Platinum futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 50 troy ounces .
TOCOM Platinum futures are traded in units of 500 grams (16.08 troy ounces) and contract prices are quoted in yen per gram.
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| NYMEX Platinum (PL) | Quotes / market data Contract specifications | View margin information |
| Osaka Exchange Platinum Standard | JPX quotes directory Contract specifications | View margin information |
For Japanese quotes, open the JPX directory and select the relevant OSE or TOCOM service.
Current Japanese product information is published by JPX for Osaka Exchange; older TOCOM/TGE references in the examples are historical.
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
Platinum Spot Price Chart — USD
OANDA Platinum spot reference price. Spot prices differ from futures contract prices. Check the widget timestamp and market status; prices may be delayed.
Platinum Futures Trading Basics
Consumers and producers of platinum can manage platinum price risk by purchasing and selling platinum futures. Platinum producers can employ a short hedge to lock in a selling price for the platinum they produce while businesses that require platinum can utilize a long hedge to secure a purchase price for the commodity they need.
Platinum futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable platinum price movement. Speculators buy platinum futures when they believe that platinum prices will go up. Conversely, they will sell platinum futures when they think that platinum prices will fall.
Learn More About Platinum Futures & Options Trading
- Buying Platinum Futures to Profit from a Rise in Platinum Prices
- Selling Platinum Futures to Profit from a Fall in Platinum Prices
- Platinum Options Basics
- Platinum Call Option Trading Basics
- Platinum Put Option Trading Basics
- Hedging Against Rising Platinum Prices with Platinum Futures
- Hedging Against Falling Platinum Prices with Platinum Futures
