Platinum prices refer to the market value of platinum, a precious metal used in various industries, including automotive, jewelry, and electronics. Prices fluctuate based on supply and demand, mining production, and economic conditions. Investors often monitor these prices as an indicator of market trends and economic health. Factors influencing platinum prices include global mining output, particularly from major producers like South Africa and Russia, as well as industrial demand from sectors such as automotive manufacturing, where platinum is used in catalytic converters. Additionally, economic events and changes in investment trends can lead to price volatility.