Platinum v/s Gold - Historical Price Comparison Chart

Historical Rate Chart comparison of Platinum & Gold Prices

A lot of consumers are very confused with gold & platinum pricing. They think the prices are directly interconnected (some even believe that the raw platinum price is twice the raw gold price), almost as if the platinum rate was directly pegged to the gold rate. As a jeweller, I know that is not true. But I decided to dig into historical data to find the truth.

Here are the findings,

• Between, 1885-2000, the platinum rate was very close to the gold rate.
• After the year 2000 A.D., the platinum rate started shooting up significantly, whereas the gold rate did not jump as much & this difference peaked in the year 2008, when Gold Rate was $945.75/oz whereas Platinum Rate jumped to $2155/oz, more than twice the gold rate.
• This is what must have lead people to believe that the platinum rate is generally twice the gold rate.
• Between 2009-2012, both platinum & gold started rising together & then started falling again, however this time, platinum rates fell significantly more than gold which led to the platinum prices being significantly cheaper than the gold prices.

Original Source of the Chart & Data : Platinum Prices vs Gold Prices