Quick Conversions
Platinum Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Platinum Price Per Ounce, Converted From India's Rate
India quotes platinum by the gram — today that's ₹5,468.86 — but the rest of the world's precious-metals market runs on troy ounces. One troy ounce equals exactly 31.1034768 grams, the standard unit used by NYMEX for platinum futures and by the London Platinum and Palladium Market for its benchmark fix. Multiply through and today's rate works out to approximately ₹170,100.56 per troy ounce.
This conversion matters most for anyone reading international commentary — a NYMEX quote or an LPPM fix reported in dollars per troy ounce — and trying to sense-check it against the rupee-per-gram figure quoted locally.
- 1 gram: ₹5,468.86
- 1 troy ounce (31.1034768g): ₹170,100.56
- 1 standard ounce (28.3495g): ₹155,039.44
- 1 kilogram: ₹5,468,859.87
Platinum Price by Weight — Gram and Ounce
Today's Platinum rate is Five Thousand Four Hundred and Sixty Nine Rupees per gram. At this rate, 10 grams of Platinum costs Fifty Four Thousand Six Hundred and Eighty Nine Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹5,468.86 | Five Thousand Four Hundred and Sixty Nine Rupees |
| 8 Grams | 8.0000 g | ₹43,750.88 | Forty Three Thousand Seven Hundred and Fifty One Rupees |
| 10 Grams | 10.0000 g | ₹54,688.60 | Fifty Four Thousand Six Hundred and Eighty Nine Rupees |
| 100 Grams | 100.0000 g | ₹546,885.99 | Five Lakh Forty Six Thousand Eight Hundred and Eighty Six Rupees |
| 1 Kilogram | 1,000.0000 g | ₹5,468,859.87 | Fifty Four Lakh Sixty Eight Thousand Eight Hundred and Sixty Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹155,039.44 | One Lakh Fifty Five Thousand Thirty Nine Rupees |
| 1 Troy Ounce | 31.1035 g | ₹170,100.68 | One Lakh Seventy Thousand One Hundred and One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹5,468,859,869.00 | Five Hundred and Forty Six Crore Eighty Eight Lakh Fifty Nine Thousand Eight Hundred and Sixty Nine Rupees |
Troy Ounce vs Standard Ounce — A Mix-Up Worth Avoiding
Anyone doing this conversion for the first time can trip on a subtle but real mistake: a troy ounce is not the same as the standard "avoirdupois" ounce used for everyday weights like a bag of sugar or a kitchen scale reading. A troy ounce weighs 31.1034768 grams, while the standard ounce weighs 28.3495 grams — noticeably lighter.
Why the difference actually matters in rupee terms
At today's rate, that gap translates to roughly ₹15,061.11 per unit between the two ounce definitions. That's not a rounding error — using the wrong ounce in a calculation would meaningfully misstate the price. Precious metals, platinum included, always use the troy ounce internationally; the standard ounce shows up in commodities like base metals or agricultural goods, not bullion.
Because platinum has no actively traded MCX contract in India, there's no domestic exchange quoting it in lots or ounces the way gold futures sometimes get discussed. The figures above are a direct mathematical conversion of the same per-gram rate used everywhere else on this site, not a separate market price.
Platinum Price — Last 10 Days
The most recent Platinum price on record (2026-09-14) is Five Thousand Four Hundred and Sixty Nine Rupees per gram. This is down by Fifty Seven Rupees from the previous day's rate of ₹5,525.53.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-14 | ₹5,468.86 | -56.67 |
| 2026-09-13 | ₹5,525.53 | +0.09 |
| 2026-09-12 | ₹5,525.44 | +0.76 |
| 2026-09-11 | ₹5,524.68 | -32.65 |
| 2026-09-10 | ₹5,557.32 | -306.47 |
| 2026-09-09 | ₹5,863.80 | +246.66 |
| 2026-09-08 | ₹5,617.13 | +46.37 |
| 2026-09-07 | ₹5,570.76 | +34.58 |
| 2026-09-06 | ₹5,536.17 | +0.54 |
| 2026-09-05 | ₹5,535.64 | — |
Using the Ounce Figure Sensibly
The per-ounce number is most useful as a translation tool, not as a price you'll actually transact at in India. If you're reading an international news report quoting platinum in dollars per troy ounce and want to sanity-check it against India's per-gram rate, convert the dollar figure to rupees first using the day's exchange rate, then divide by 31.1034768 to land on a comparable per-gram number — effectively the reverse of the math shown above.
For anyone actually buying or selling platinum in India, the per-gram rate remains the practical reference point — jewellers, bullion dealers, and this site's own price pages all work in grams. Treat the ounce conversion as context for understanding global commentary, not as a unit you need to think in day to day.
Platinum Price Per Ounce — FAQs
Based on India's per-gram rate of ₹5,468.86 on September 14, 2026, one troy ounce of platinum works out to roughly ₹170,100.56. A troy ounce equals exactly 31.1034768 grams, the standard unit used internationally for precious metals.
Troy ounces are the traditional unit for precious-metals trading worldwide, used by exchanges like NYMEX for platinum futures and by the London Platinum and Palladium Market (LPPM) for its benchmark fix. India's retail market instead quotes in grams, so any comparison between an international quote and a local one needs this conversion.
No. A troy ounce (31.1034768 grams) is heavier than the standard avoirdupois ounce (28.3495 grams) used for everyday weights in countries like the US. Using the wrong ounce in a conversion introduces a real error — at today's rate the gap between the two is about ₹15,061.11 per unit.
Take the USD-per-troy-ounce quote, convert it to rupees using the day's USD/INR exchange rate, then divide by 31.1034768 to get the rupee-per-gram figure. That's effectively the reverse of the calculation this page performs to show the per-ounce figure from India's per-gram rate.
Platinum doesn't have an actively traded MCX contract the way gold and silver do, so there isn't a domestic per-ounce quote to reference. The ounce figure here is derived directly from the same per-gram rate used across this site, not from a separate exchange listing.
