Frequently Asked Questions — Platinum Price in India
Why is platinum cheaper than gold currently?+
Platinum was historically more expensive than gold but has been trading below gold since 2015. The main reasons are: (1) Reduced demand from diesel car catalytic converters as diesel vehicle sales fell in Europe, (2) Electric vehicles don't use platinum catalysts, reducing future demand expectations, (3) South African mine supply has been relatively stable. However platinum has significant upside if hydrogen fuel cell adoption grows, as platinum is the key catalyst in fuel cells.
Where can I buy platinum in India?+
Platinum can be purchased in India from: (1) Select jewellers in major cities — Tanishq, Kalyan Jewellers and Malabar Gold sell platinum jewellery, (2) Online — CaratLane, BlueStone sell platinum jewellery, (3) Investment bars — MMTC-PAMP sells platinum bars. Platinum is not as widely available as gold or silver for investment purposes in India. MCX does not actively trade platinum futures.
About Platinum Price in India — Pt950
This page tracks the live Platinum price in India per gram in INR, updated every 60 seconds from the international spot market. India is the world's second-largest gold consumer. Prices include 10% Basic Customs Duty (BCD) + 5% Agriculture Infrastructure Development Cess (AIDC). Rates calibrated to IBJA and Goodreturns daily rates.
Live platinum price today per gram in INR, USD and 10 currencies. Pt950 rates updated every 60s. Use the free calculator above to convert any weight of Platinum to INR. The price chart shows the last 10 days of Platinum spot price movement.