Platinum Price Today in India — September 14, 2026

Platinum Price Today in India

Platinum price today in India stands at ₹5,468.86 per gram, as recorded on September 14, 2026. That is the plain spot figure — the number a bullion dealer or a jeweller's own procurement desk works from before any making charge or GST gets added to a finished piece.

Unlike gold, platinum doesn't trade on an Indian commodity exchange in any meaningfully liquid way. There's no MCX platinum contract driving the domestic price the way MCX gold does. Instead, the number you see here traces back to the international benchmark set through the London Platinum and Palladium Market, with NYMEX platinum futures also part of the price-discovery process, converted into rupees through the day's USD/INR rate.

• 1 gram: ₹5,468.86
• 10 grams: ₹54,688.60
• 100 grams: ₹546,885.99
• 1 kilogram: ₹5,468,859.87

Buyers checking this page for a jewellery quote should treat the figures above as the metal-only baseline. A platinum ring or chain will carry the purity mark — usually 950 or 900 — stamped alongside the making charge, and that combination is what actually lands on the bill.

Why India's Platinum Price Looks Different From Gold's

Ask a jeweller why platinum pricing feels less "live" than gold, and the honest answer is that it is. Gold and silver get a fresh MCX print every few seconds during trading hours; platinum doesn't have that domestic reference point. Retailers and refiners instead lean on the LPPM fix and NYMEX futures pricing, both denominated in dollars, and translate that into INR once a day.

What actually moves the number

Two things do most of the work. First, whatever platinum is doing internationally — largely a function of industrial demand from catalytic-converter makers and, to a smaller extent, jewellery and lab-equipment buyers worldwide. Second, the rupee itself. A weaker rupee against the dollar can push the INR platinum price higher even on a day when the dollar-denominated benchmark barely moves, and a stronger rupee works the other way.

Supply concentration matters too, even if it shows up more slowly than currency swings. Platinum mining is dominated by South Africa, with Russia, Zimbabwe and Canada making up most of the rest. That's a narrower supplier base than gold has, so a disruption at a major South African operation carries outsized weight on the global benchmark that eventually feeds into today's Indian price.

Using Today's Price Sensibly

A single day's platinum price rarely tells the full story on its own — that's true of any precious metal, but it matters more here because platinum's liquidity in the Indian retail market is thinner than gold's. Before buying, it helps to check the 7-day and 30-day comparison above rather than react to just today's print.

For jewellery buyers specifically, remember that the spot price above is the wholesale-adjacent number. Retail platinum jewellery pricing adds purity discounting (950 or 900, never full "24K"-style purity claims), making charges, and GST, so the out-the-door cost at a showroom will sit meaningfully above what's quoted here. Investors comparing platinum against gold or silver should also account for platinum's thinner secondary market in India — reselling a platinum piece isn't always as straightforward as reselling gold.