Platinum Prices Surge amidst Investment Demand
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January 12, 2026 05:56:26 – platinum prices experienced a notable increase today, driven primarily by robust investment demand. the most actively traded platinum contract, PT2606, on the Guangzhou Futures Exchange (GFEX) closed at 628 yuan per gram, representing a significant gain of 5.53%.
Spot Market Dynamics
In the domestic spot market, platinum was trading at a discount of 12-16 yuan per gram relative to the GFEX PT2606 contract. Compared to the gold exchange’s selling price, discounts ranged from 1-5 yuan per gram. Interestingly, premiums for international platinum have risen to 20-25 yuan per gram, indicating increased global interest.
Market Analysis
According to data from Shanghai Metals Market (SMM), the current market is largely fueled by investment activity.While some manufacturers are engaging in limited, essential stockpiling, downstream purchasers are remaining largely cautious. Overall market transaction volumes are currently considered normal.
Key Factors Driving the Increase
- Investment Demand: The primary driver of the price increase is strong investment interest in platinum.
- Global Premiums: Rising premiums for international platinum suggest growing demand from overseas markets.
- Cautious Downstream purchasing: Despite the price increase, downstream industries are adopting a wait-and-see approach.
Disclaimer: This report is based on publicly available information and SMM’s internal data models.It is intended for informational purposes only and should not be considered financial advice.
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