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All told, Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014, a 18% increase from today's price.
Add Comment. While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold. On Monday, spot gold was sitting at about $1,182.40 per ounce, while platinum was last over $60 lower, at $1,116 per ounce.