Platinum Rate Today in India — 7 July 2026
Today's platinum rate in India is ₹5,625 per gram, down ₹136 per gram from yesterday. That is ₹56,250 for 10 grams.
Last updated: 11:20 am IST, 7 July 2026
| Weight | Today | Yesterday | Change |
|---|---|---|---|
| 1 gram | ₹5,625 | ₹5,761 | −₹136 |
| 8 grams | ₹45,000 | ₹46,090 | −₹1,091 |
| 10 grams | ₹56,250 | ₹57,613 | −₹1,363 |
| 100 grams | ₹5,62,496 | ₹5,76,130 | −₹13,634 |
Last 30 days
-10%Platinum in the Indian market
Platinum is roughly thirty times rarer than gold, yet it often trades below the gold price. That is because its demand profile is dominated by industry — catalytic converters, chemical processing, hydrogen electrolysers — so the price moves with the auto cycle and industrial outlook more than with jewellery seasons. Supply is concentrated in South Africa, which makes the metal sensitive to mining disruptions there.
In Indian jewellery, platinum is sold at 95% purity with a “Pt 950” stamp, and authentic pieces carry a quality assurance mark from Platinum Guild India programmes. The metal's naturally white colour does not fade or need re-plating, which distinguishes it from white gold. Making charges are typically higher than for gold because platinum's high melting point demands specialised workmanship.
The rate shown here is the indicative retail price for fine platinum before making charges and 3% GST. Platinum trades in far smaller volumes in India than gold or silver, so dealer premiums vary more between shops — always compare quotes for larger purchases.
Frequently asked questions
What is the platinum rate today in India?
Today's platinum rate in India is ₹5,625 per gram, or ₹56,250 for 10 grams. Rates refresh every 10 minutes during market hours.
Why is platinum cheaper than gold?
Platinum demand is mostly industrial — led by catalytic converters in vehicles — so its price follows the industrial cycle rather than investment demand. Gold enjoys far larger jewellery, central-bank and investment buying, which has kept it above platinum in recent years despite platinum being the rarer metal.
What does the Pt 950 mark on platinum jewellery mean?
Pt 950 indicates 95% pure platinum alloyed with 5% other metals (usually ruthenium or cobalt). It is the standard purity for platinum jewellery sold in India. Look for the purity stamp and buy from jewellers participating in quality-assurance programmes.
Is platinum a good alternative to white gold?
Platinum is naturally white and never needs rhodium re-plating, is denser and more durable, and holds gemstones more securely. White gold is initially cheaper but requires periodic re-plating to keep its colour. For daily-wear rings, platinum's durability is a practical advantage.
Does platinum have city-wise rates like gold?
Platinum trades in much smaller volumes in India, so there is no established city-wise board-rate system like gold's. Dealers price from the same national benchmark, though individual store premiums vary — comparing two or three quotes matters more for platinum than for gold.
Related rates
Also see today's gold rate and silver rate in India.