Shanghai platinum futures fell over 2.00% to 382.05 yuan/gram intraday, alongside declines in Shanghai gold (-2.35% to 865.54 yuan/gram), silver (-5.01% to 13,138 yuan/kg) and palladium (nearly 2% lower to 245.90 yuan/gram).
The simultaneous drop across gold, silver, platinum and palladium points to a broad pullback across the precious metals complex rather than a platinum-specific issue. Spot gold and silver are also lower on the day, which is consistent with the same global de-risking pressure weighing on platinum.