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Platinum Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
One Country Mines Most of the World's Platinum
Gold comes out of the ground in dozens of countries. Platinum doesn't work that way. A single country, South Africa, accounts for well over two-thirds of everything mined each year, and that lopsided geography is a real, structural reason platinum's supply story reads so differently from gold's or silver's — worth knowing before you look at today's rate of ₹4,420.63 per gram, November 3, 2026.
Here's that rate converted across the weights buyers actually deal with, before we get into where the metal itself comes from:
- Per gram: ₹4,420.63
- Per 10 grams: ₹44,206.32
- Per 100 grams: ₹442,063.22
- Per kilogram: ₹4,420,632.18
That figure traces back to the LPPM benchmark and NYMEX platinum futures pricing, both of which react — sometimes within a single trading session — to news out of the mines this page is about.
Platinum Price by Weight
Today's Platinum rate is Four Thousand Four Hundred and Twenty One Rupees per gram. At this rate, 10 grams of Platinum costs Forty Four Thousand Two Hundred and Six Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹4,420.63 | Four Thousand Four Hundred and Twenty One Rupees |
| 8 Grams | 8.0000 g | ₹35,365.06 | Thirty Five Thousand Three Hundred and Sixty Five Rupees |
| 10 Grams | 10.0000 g | ₹44,206.32 | Forty Four Thousand Two Hundred and Six Rupees |
| 100 Grams | 100.0000 g | ₹442,063.22 | Four Lakh Forty Two Thousand Sixty Three Rupees |
| 1 Kilogram | 1,000.0000 g | ₹4,420,632.18 | Forty Four Lakh Twenty Thousand Six Hundred and Thirty Two Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹125,322.71 | One Lakh Twenty Five Thousand Three Hundred and Twenty Three Rupees |
| 1 Troy Ounce | 31.1035 g | ₹137,497.13 | One Lakh Thirty Seven Thousand Four Hundred and Ninety Seven Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹4,420,632,184.00 | Four Hundred and Forty Two Crore Six Lakh Thirty Two Thousand One Hundred and Eighty Four Rupees |
Platinum Mine Production by Country
The table below comes from the U.S. Geological Survey's Mineral Commodity Summaries 2025, covering calendar-year 2023 mine production — the most recent full-year dataset USGS has published. Mining statistics are reported annually, not daily, so treat this as the structural backdrop behind the live price above rather than something that shifts by the hour.
| Rank | Country | Mine Production (2023) | Share of World Total |
|---|---|---|---|
| 1 |  South Africa |
124.9 thousand kg (124.9 tonnes) | 70.4% |
| 2 |  Russia |
20.65 thousand kg (20.65 tonnes) | 11.6% |
| 3 | Zimbabwe | 19.18 thousand kg (19.18 tonnes) | 10.8% |
| 4 |  Canada |
5.17 thousand kg (5.17 tonnes) | 2.9% |
| 5 |  China |
2.8 thousand kg (2.8 tonnes) | 1.6% |
| 6 |  United States |
2.77 thousand kg (2.77 tonnes) | 1.6% |
| — | World total | 177.4 thousand kg (177.4 tonnes) | 100% |
South Africa alone outproduces the rest of the world combined
Read that table again and the scale is easy to miss on a first pass: South Africa's 70.4% share is more than double the combined total of the other five countries listed. Russia and Zimbabwe come next, each in the low-double-digit percentages, and then production drops off sharply — Canada, China and the United States each hold onto only a small single-digit slice.
There's a regional angle here too, and it's a real one. South Africa and Zimbabwe are neighbours, both sitting on the southern end of the same African mineral belt, and together they account for roughly 81% of world platinum supply. That's not just country concentration — it's continental concentration, in a way even more pronounced than the China-led picture you'll see on this site's zinc or other industrial-metal pages, where a single country leads but doesn't come close to a 70% share on its own.
Platinum Price — Last 10 Days
The most recent Platinum price on record (2026-11-03) is Four Thousand Four Hundred and Twenty One Rupees per gram. This is down by Twenty Seven Rupees from the previous day's rate of ₹4,447.87.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-03 | ₹4,420.63 | -27.23 |
| 2026-11-02 | ₹4,447.87 | +70.00 |
| 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 | — |
What This Concentration Means for the Price You Pay
A metal this dependent on one country's mines is a metal exposed to that country's problems. South Africa's platinum sector has, over the years, dealt with prolonged labour strikes, electricity shortages severe enough to halt processing plants, and the deep, difficult mining conditions that come with some of the deepest shafts on the planet. None of these are hypothetical risks dreamed up for this page — they're recurring, documented features of South African mining, and each one has, at different points, tightened global platinum supply and moved the price on LPPM and NYMEX.
It cuts the other way too. Because supply is this concentrated, platinum doesn't respond to demand shifts the way a more geographically spread commodity would — a surge in Chinese or Indian buying can't simply be met by ramping up mines in a dozen alternate countries, since there mostly aren't a dozen alternate countries mining meaningful volumes. Whether that structural tightness eventually pushes platinum back above gold, where it traded for most of the 20th century, is a real debate among analysts — but it's one worth following with hedged expectations, not firm predictions, since mine supply, diesel demand and fuel-cell adoption all have to move together for that gap to close.
What's not in question is where today's ₹4,420.63 per gram ultimately comes from: a small number of mines, overwhelmingly in one country, feeding a global benchmark that an Indian jeweller, refiner or investor checks every single day.
Platinum Mining Countries — FAQs
South Africa, and it isn't especially close. USGS figures put South African mine output at roughly 124.9 tonnes a year — about 70% of everything the world mines — which is more than every other producing country on earth combined.
Yes. Russia mines around 20.65 tonnes a year, close to 12% of world supply, mostly as a by-product of nickel mining in Siberia. Zimbabwe sits just behind it at roughly 19.18 tonnes, around 11%.
The Bushveld Complex, a vast geological formation in South Africa, holds the largest known platinum-group metal reserves on the planet by a wide margin. No other country has found a deposit remotely comparable in scale, which is the structural reason this concentration has persisted for decades rather than a few years.
It tends to move, sometimes sharply. Because one country supplies such a dominant share, a labour strike, a power-supply problem, or a safety-related mine shutdown in South Africa can tighten global platinum supply in a way no other single country's output could offset. Traders watching LPPM and NYMEX platinum futures pay close attention to South African mining news for exactly this reason.
Some, but modestly compared to the top three. Canada mines around 5.17 tonnes a year and the United States around 2.77 tonnes, each a small single-digit percentage of world supply, mostly recovered alongside nickel and copper mining rather than as a dedicated platinum operation.
The U.S. Geological Survey's Mineral Commodity Summaries 2025 report, which covers calendar-year 2023 mine production — the most recent complete annual dataset USGS had published at the time of writing. USGS updates this survey once a year.
