Latest Platinum Rate Today in India

How to read today's platinum rate in India

Platinum in India is a small, distinct market — mostly jewellery, mostly 950 purity, and quoted per gram like gold. Here is what to know before you compare prices.

Most platinum jewellery worldwide, including in India, is 950 platinum — 95% pure platinum with 5% alloy metals from the same family (iridium, ruthenium) for hardness. It is stamped "Pt950". Unlike gold's karat ladder, platinum is essentially one grade for jewellery, which makes comparing prices between shops simpler: the differences come from making charges, not purity claims.

The platinum market is dominated by industrial demand — catalytic converters above all — so the rate can move independently of gold, sometimes sharply when auto demand shifts. In India, platinum is bought almost entirely as jewellery and rings, where its density, whiteness (it is naturally white and does not need rhodium plating like white gold) and wear resistance are the selling points.

• Comparing with white gold: white gold is yellow gold alloyed and plated to look white; the plating wears and re-polishing costs money. Platinum is white through and through and heavier per piece.
• Buying: look for the Pt950 stamp and a buy-back or exchange policy in writing — platinum resale is thinner than gold in India, so a jeweller's exchange terms matter more here.
• Context: see how platinum's recent move compares with gold and silver on the charts page.