Platinum Rate Today in India

Today’s platinum rate in India (31 May 2026) is ₹5,868.66 per gram for 999 fine platinum. Like silver, platinum is treated as a single national rate — there are no significant city-level premiums in India.

The rate is derived from the international platinum spot price (in USD per troy ounce on the London Platinum and Palladium Market), converted to INR per gram and adjusted for import duty and dealer margins.

Platinum is primarily an industrial metal — roughly half of annual demand goes into automotive catalytic converters. That makes its price unusually sensitive to global car production, emissions regulation, and the diesel-to-petrol mix in Europe. The shift to electric vehicles is a long-term overhang on platinum demand, though hybrids and fuel cells are partial offsets.

Investment demand is much smaller than for gold, so platinum can trade above or below gold in cycles. Historically it was always the premium metal; since 2015 gold has frequently been more expensive per gram, reflecting platinum’s weakened industrial story.

Platinum is a naturally white, dense and hypoallergenic precious metal, sold at 95–99.9% purity. Indian jewellery uses Pt950 (95% platinum, BIS-hallmarked). It is durable, holds its colour permanently, and is about 30% denser than gold so the same piece feels heavier in the hand.

White gold is yellow gold alloyed with palladium or nickel and rhodium-plated to look white. The plating wears off every few years and needs reapplication, exposing a slightly warmer underlying tone. Platinum costs more upfront but has lower lifetime maintenance.