Platinum rate in India

As of 29 Jul 2026, 11:47 am, the indicative reference rate is approximately ₹6,787 per gram (see price hero and tables above for purity-wise breakdown). Rates can change during the trading day; always confirm with your seller before buying.

Compare gold rates and silver rates or use the savings calculators for FD, RD and PPF.

Platinum prices reference international spot platinum in US dollars, converted to rupees. MCX lists platinum futures in India, providing a domestic price-discovery benchmark for traders, though retail jewellery prices still follow import costs and margins.

Nelstack aggregates indicative retail reference rates from jeweller and market sources — not official IBJA or MCX settlement feeds. Jewellery prices include making charges and GST that are not in the base metal quote.

Platinum jewellery in India is typically alloyed to 95% purity (Pt 950) or 90% (Pt 900) for durability. Investment products may quote higher fineness. The per-gram rates above reflect the reference purity from our data sources.

Platinum is rarer than gold and silver; retail availability is narrower, which can widen bid-ask spreads.

• Automotive catalyst demand — a large share of global platinum use.
• Supply from South African and Russian mining regions.
• USD/INR and general precious-metals sentiment.
• Substitution toward palladium in some industrial uses.
• Niche bridal and luxury jewellery demand in India.

• Physical platinum — limited bar and coin options compared to gold.
• MCX platinum futures — primarily for market participants comfortable with derivatives.
• International ETFs holding physical platinum — for investors with access to overseas markets.
• Platinum jewellery — consumption use; resale value depends on purity and making charges.

Tax treatment (GST, capital gains, TCS where applicable) depends on product type and holding period. Refer to the Income Tax Department and GST Council notifications for current rules.

Platinum has at times traded above gold and at other times below, depending on automotive and industrial cycles. In India, retail awareness is lower than gold, so liquidity on resale can be thinner. Refer to the 10-day history for recent price direction only.