Quick Conversions
Platinum Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
One Engine Type, One Metal — For Decades
Platinum's demand story has one dominant thread running through it: diesel-engine catalytic converters. Gasoline engines lean on palladium; diesel engines have traditionally leaned on platinum. That division isn't arbitrary chemistry trivia — it reflects genuine differences in exhaust composition between the two engine types, and it's shaped platinum's price for decades. Today's reference rate is ₹4,377.87 per gram on November 1, 2026.
- Diesel engines: traditionally platinum-heavy catalytic converter formulations
- Gasoline engines: traditionally palladium-heavy catalytic converter formulations
- The link: platinum's price has tracked diesel vehicle sales for years as a result
Platinum Price by Weight
Today's Platinum rate is Four Thousand Three Hundred and Seventy Eight Rupees per gram. At this rate, 10 grams of Platinum costs Forty Three Thousand Seven Hundred and Seventy Nine Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹4,377.87 | Four Thousand Three Hundred and Seventy Eight Rupees |
| 8 Grams | 8.0000 g | ₹35,022.94 | Thirty Five Thousand Twenty Three Rupees |
| 10 Grams | 10.0000 g | ₹43,778.67 | Forty Three Thousand Seven Hundred and Seventy Nine Rupees |
| 100 Grams | 100.0000 g | ₹437,786.74 | Four Lakh Thirty Seven Thousand Seven Hundred and Eighty Seven Rupees |
| 1 Kilogram | 1,000.0000 g | ₹4,377,867.43 | Forty Three Lakh Seventy Seven Thousand Eight Hundred and Sixty Seven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹124,110.35 | One Lakh Twenty Four Thousand One Hundred and Ten Rupees |
| 1 Troy Ounce | 31.1035 g | ₹136,167.00 | One Lakh Thirty Six Thousand One Hundred and Sixty Seven Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹4,377,867,432.00 | Four Hundred and Thirty Seven Crore Seventy Eight Lakh Sixty Seven Thousand Four Hundred and Thirty Two Rupees |
What Happened When Diesel Fell Out of Favor
Diesel-engine passenger vehicle sales fell sharply across Europe over the past decade or so, following emissions scandals and a broader regulatory and public shift against diesel technology. Platinum felt that directly — a major pillar of its demand weakened at the same time, and the metal's price never fully recovered the premium it once held over gold. This is a textbook example of how a single demand-side shock in one specific industry can reshape a metal's price trajectory for years.
Thrifting: the industry's slow-motion response
When one PGM trades at a large premium over another, automakers have real, documented economic incentive to redesign catalytic converters to use less of the expensive metal and more of the cheaper one — a substitution process the industry calls thrifting. It's genuinely real, but it isn't instant: certifying a new converter design against emissions standards takes real engineering and regulatory time, so any thrifting response plays out over a period of years, not the weeks a pure price signal might suggest.
| Engine Type | Traditional PGM Focus | Key Demand Driver |
|---|---|---|
| Diesel | Platinum | European passenger and commercial diesel fleets |
| Gasoline | Palladium (plus rhodium) | Global gasoline and hybrid vehicle sales |
| Hydrogen fuel cell | Platinum (different mechanism) | Emerging fuel-cell vehicle adoption |
Platinum Price — Last 10 Days
The most recent Platinum price on record (2026-11-01) is Four Thousand Three Hundred and Seventy Eight Rupees per gram. This is down by Two Rupees from the previous day's rate of ₹4,380.25.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-01 | ₹4,377.87 | -2.38 |
| 2026-10-31 | ₹4,380.25 | +2.05 |
| 2026-10-30 | ₹4,378.20 | -166.67 |
| 2026-10-29 | ₹4,544.87 | -182.23 |
| 2026-10-28 | ₹4,727.10 | +17.98 |
| 2026-10-27 | ₹4,709.12 | -8.35 |
| 2026-10-26 | ₹4,717.48 | -24.87 |
| 2026-10-25 | ₹4,742.34 | -4.84 |
| 2026-10-24 | ₹4,747.19 | -37.90 |
| 2026-10-23 | ₹4,785.08 | — |
A New Chapter Beyond Diesel Entirely
Hydrogen fuel cell technology represents a genuinely separate platinum demand story from the diesel catalytic-converter link — a different powertrain technology using platinum for a different chemical reason entirely. It's worth understanding as its own avenue rather than folding it into the diesel narrative, since the two demand drivers respond to completely different industry and policy trends.
The comparison table and 10-day history above track platinum's own price trend. For a longer view, the site's own platinum price history page holds real recorded data by year and month.
Platinum and Diesel Demand — FAQs
Catalytic converters for diesel-engine vehicles have traditionally relied on platinum, while gasoline-engine catalytic converters lean more heavily on palladium. That split in which precious metal each engine type needs is the core reason platinum and diesel demand have moved together for decades.
A major pillar of platinum demand weakened directly. Diesel-engine passenger vehicle sales fell sharply across Europe over the past decade or so, following emissions scandals and shifting regulatory sentiment against diesel — and platinum's price never fully recovered the premium it once held over gold as a result.
To some degree, yes — this substitution, often called "thrifting," has real documented precedent when one PGM trades at a large premium over the other. But redesigning and certifying a catalytic converter for a different metal loading takes real engineering time, so substitution happens on a multi-year timeline, not overnight.
Some gasoline catalytic converter formulations do use platinum alongside palladium and rhodium, though palladium remains the metal most associated with gasoline engines specifically. The exact metal mix varies by manufacturer and emissions-standard requirements.
No — it's the dominant historical driver, but hydrogen fuel cell technology represents a newer, distinct platinum demand avenue tied to a completely different vehicle powertrain, worth understanding as a separate story from the diesel catalytic-converter link.
