Platinum Price in 2011
In 2011, the price of platinum averaged $1,721 per troy ounce, up 6.9% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that platinum would be worth in today's dollars.
2011 Average
$1,721
LBMA annual average, USD/oz
Change vs 2010
+6.9%
from $1,610 in 2010
2011 High
$1,916
from daily trading data
2011 Low
$1,345
from daily trading data
Year-End Close
$1,396
last trading day of 2011
What happened to the platinum price in 2011
Platinum averaged $1,721 per troy ounce in 2011, up 6.9% from $1,610 the year before. Daily trading data shows platinum moved between a low of $1,345 and a high of $1,916 during the year, ending 2011 at $1,396. The notable development of 2011: Commodity supercycle peak.
The 2010s were a lost decade for platinum. A brief post-crisis recovery gave way to structural decline after Volkswagen's 2015 Dieselgate scandal accelerated Europe's move away from diesel, platinum's single largest source of demand, pushing the metal into a persistent discount to gold.
Adjusted for inflation, platinum's 2011 average of $1,721 equals about $2,466 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of platinum in 2011?
What is a 2011 platinum price worth in today's dollars?
What moved the platinum price in 2011?
Annual averages are LBMA and Johnson Matthey platinum prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.