Platinum fell 2.38% on Thursday, bringing its price to $1,618.86 as sellers maintained control through the session. The move added to an already challenging stretch for the precious metal.
Over the past seven days, platinum has shed 1.65%, reflecting sustained downward momentum that has pushed the commodity lower on a week-over-week basis. The decline has been broad-based, with no single session accounting for the entirety of the losses.
The 30-day picture is notably weaker, with platinum down 8.43% over that period. The cumulative pressure over the past month underscores a persistent trend of softness for the metal, which is widely used in automotive catalysts and industrial applications.
Market capitalization data for platinum was not available. Commodities of this nature are generally tracked by price per troy ounce rather than a traditional market cap figure, making direct comparisons with equity or digital assets difficult.
