Platinum climbed for a fifth day on Tuesday, its longest run of gains since October 2011, driving the price higher than gold for the first time in six months.

The white metal has gained more than 20 per cent since the start of the year, driven by supply disruptions in South Africa, the world's largest producer.

Platinum is now enjoying a premium of around $30 to gold, with spot metal down on Tuesday’s high of US$1,687.50 an ounce.