Platinum adds $17.00 to $1,725.00 on the 1 October mark
Silver added $0.381 to $61.062 and gold $15.00 to $4,183.90 against the same mark. Palladium was exactly unchanged at $1,170.00, a second consecutive session on the same printed number, with a $40.00 quoted spread.
By Carat Capital
What changed
Platinum led the board. Platinum read $1,725.00 on the Kitco bid, $17.00 above the 1 October mark. Gold and silver also rose. Palladium was exactly unchanged.
What it means
- If you cast platinum: The metal is up 0.9953% on 1 October. Recheck making charges before quoting.
- If you quote palladium: The bid has not moved, but the quoted spread is $40.00.
- What this is not: A trend. One reading against one prior mark, on a board still trading.
Key figures
| Platinum, press time$17.00 above 1 October | $1,725.00 |
|---|---|
| Platinum, session changewidest of the four metals | +0.9953% |
| Gold, press timeup 0.3598% on 1 October | $4,183.90 |
| Palladium, unchangedsecond session, same number | $1,170.00 |
Source: Kitco bid, all four metals timestamped 2026-10-02 06:00:56 EDT, written to Carat Capital's tape for 2 October 2026 under the One-Price Rule · changes computed against the paper's own printed marks for 1 October 2026
Platinum moved most.
Platinum led twice. Platinum rose $17.00 to $1,725.00, the largest move on the board in dollars and in percentage terms. That is 0.9953% against the 1 October mark.
Gold moved least. Gold added $15.00 to $4,183.90, or 0.3598%. Platinum's percentage move is 2.77 times gold's, on Carat Capital's division.
| Metal | 1 Oct mark | 2 Oct bid | Change | Change % | Spread |
|---|---|---|---|---|---|
| Platinum | $1,708.00 | $1,725.00 | +$17.00 | +0.9953% | $10.00 |
| Silver | $60.681 | $61.062 | +$0.381 | +0.6279% | $0.250 |
| Gold | $4,168.90 | $4,183.90 | +$15.00 | +0.3598% | $2.00 |
| Palladium | $1,170.00 | $1,170.00 | $0.00 | 0.0000% | $40.00 |
Notes on this table
Both price columns are the Kitco bid, so the comparison is like with like. Every change and percentage is Carat Capital's arithmetic against the paper's own prior printed mark, not either board's own session field: platinum 1,725.00 less 1,708.00 is 17.00, and 17.00/1,708.00 = 0.9953%. Spread is the quoted ask less the bid at the same timestamp. A second board read eight minutes later, CNBC's quote service with market status REG_MKT, gave gold 4,178.67, silver 60.9908, platinum 1,723.9125 and palladium 1,186.5575; each is within 0.36% of Kitco's own mid for the same instrument, and the palladium reading falls inside Kitco's quoted 1,170.00 to 1,210.00 band, so that is spread and not divergence.
Palladium did not move.
The bid held exactly. Palladium read $1,170.00, the same printed number as 1 October. The change is zero to four decimal places.
Its spread is widest. The quoted ask was $1,210.00, a $40.00 spread against gold's $2.00. A single printed palladium number therefore carries the most uncertainty on the board.
One board, one timestamp.
Four readings, one clock. Every price above carries the same Kitco timestamp of 06:00:56 EDT. Taking one metal from one board and another from a second would not be a like comparison.
A second board agreed. CNBC's quote service read platinum at 1,723.9125 eight minutes later, within 0.36% of Kitco's own mid. Its palladium reading of 1,186.5575 sits inside Kitco's quoted band.
What to watch
- Monday 5 October 2026Whether platinum holds above $1,725.00 into the week's first session, or gives back the $17.00.
- LBMA fixes, 2 October 2026Whether London's afternoon fixes confirm platinum ahead of gold on the day.
- SGE weekly withdrawals, Friday seriesWhether Shanghai's data shows Chinese demand behind the morning's metals move; the series was not yet published at 03:30 EDT.
The story so far
Go deeper
What would change this call
A reversal inside the session. These are intraday readings on a board that was still trading when they were taken, not settlements, and platinum's own day range at the same timestamp runs from $1,700.00 to $1,746.00. A reading at the bottom of that range would have made platinum the laggard rather than the leader, so the ranking in the headline is a fact about 06:00:56 EDT and not about the day. The one figure that cannot reverse on more data is palladium's: a bid that prints the same number twice is unchanged whatever happens next to it.
Why the bid, and not the mid
A precious-metals board quotes two prices: a bid, which is what a dealer will pay, and an ask, which is what it will sell at. The midpoint between them is a convenience, not a tradeable level, and the gap between the two is the dealer's spread. Carat Capital prints the bid, the same basis on every metal and on every session, because the bid is the number a jeweller selling scrap or a refiner buying metal actually meets, and because comparing a bid on one day with a mid on another manufactures a change that nobody traded. The consequence shows in palladium. Its bid and ask sat $40.00 apart at the same timestamp that gold's sat $2.00 apart, so a mid-based palladium series would move whenever the spread moved, even on a day the bid did not change at all. That is exactly the case on this reading: on the bid, palladium is unchanged to four decimal places; on a mid, it would read differently from 1 October for reasons that have nothing to do with the price of palladium.
Method
One board was read at press time and saved as raw bytes before any figure was written: Kitco's precious-metals page, browser identity, 200, 197,609 bytes, whose embedded __NEXT_DATA__ quote objects carry originalTime 2026-10-02T06:00:56 on all four metals, an hour after the 05:00 EDT opening mark. The bids parsed out of that saved file are gold 4183.9, silver 61.062, platinum 1725.0 and palladium 1170.0, and the asks 4185.9, 61.312, 1735.0 and 1210.0. Because those readings differ from the 05:00 marks on all four metals, all four were written back to the tape for 2 October 2026 under the One-Price Rule, with the same source named and the new 06:00:56 timestamp, and latest.json was synced in the same step; a side-by-side check of both files before the build returned MATCH on all six marks. Every change is computed against the paper's own prior printed marks for 1 October 2026 - gold 4,168.90, silver 60.681, platinum 1,708.00, palladium 1,170.00 - and never against either board's own change field: gold plus 15.00 is 0.3598%, silver plus 0.381 is 0.6279%, platinum plus 17.00 is 0.9953%, palladium plus 0.00 is 0.0000%. The multiple in the second section is 0.9953 divided by 0.3598, which is 2.766, printed as 2.77. The second board is CNBC's quote service, 200, 3,343 bytes, market status REG_MKT on all four quotes, last_time 2026-10-02T06:08 to 06:09 EDT; its readings are compared against Kitco's own mid rather than Kitco's bid, because a bid and a mid are not the same measurement. The three diamond marks on the tape - the RapNet index, the lab-grown reference and the rough index - were not re-read at press time and stand exactly as the price desk filed them at 05:00. The archive was checked by opening every hit rather than counting: the newest gold-metals article is 1 October 2026, which covers palladium's reading of $1,170.00 against the 30 September mark. Same instrument board, but its period is the 1 October session and this item's period is the 2 October session, so the verdict is ADVANCED, not a repeat, and the subject here is platinum rather than palladium.