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Platinum Price in Motion — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
What Actually Moves the Platinum Price
Platinum sits at ₹5,468.86 per gram today, September 14, 2026, and like any traded commodity that number is the outcome of several forces pulling in different directions at once. Unlike gold, which draws much of its price action from investment demand, platinum's price is shaped more by industrial usage — chiefly catalytic converters — which makes it behave more like an industrial metal wearing a precious-metal label.
Four things do most of the work: diesel-vehicle demand, South African mine supply, the rupee-dollar exchange rate, and — increasingly — whether automakers are substituting platinum for palladium in gasoline engines. None of these operate in isolation; a weak month for one can be offset or amplified by movement in another.
- Today's rate: ₹5,468.86 per gram
- 10-gram equivalent: ₹54,688.60
- 1-kilogram equivalent: ₹5,468,859.87
Today's Price Factors, Translated to Weight
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 |
Diesel Demand and South African Supply
Platinum's historically largest use has been catalytic converters fitted to diesel-engine vehicles, which convert harmful exhaust gases into less harmful ones. When diesel car sales fell sharply — Europe led that decline — a major slice of platinum's built-in demand shrank with it, and the price has never fully recovered the ground it lost from that shift.
A narrow supplier base amplifies every disruption
On the supply side, platinum mining is concentrated overwhelmingly in South Africa, with Russia, Zimbabwe and Canada as the other genuine producers. That's a far narrower base than gold, which is mined across dozens of countries with no single dominant source. A labour strike, a power-grid issue, or flooding at a major South African operation can tighten global supply meaningfully, since there's no equally large alternative source to absorb the shortfall quickly.
The rupee plays its own role on top of all this. Platinum's benchmark price is set internationally in US dollars through the LPPM and NYMEX, then converted to rupees for the Indian market — so a weaker rupee alone can lift the local price even on a day when nothing about platinum itself has changed.
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 | — |
The Wildcard: Substitution and New Demand
Here's where platinum's price story gets genuinely interesting. Automakers aren't locked into palladium for gasoline-engine catalytic converters — when palladium trades at a large premium to platinum, manufacturers have real economic incentive to redesign converters to use more platinum instead, a process the industry calls thrifting. This has actually happened at points over the last several years, and it's one of the clearest levers that could push platinum demand higher without needing diesel sales to recover at all.
A second, newer factor is hydrogen fuel cell technology, which uses platinum as a catalyst in much the same role it plays in a conventional exhaust system. This remains an early-stage source of demand rather than a proven driver of the price today, and it's not something to bank on moving the market in the near term — but it's a real, growing use case worth tracking rather than dismissing.
What Affects Platinum Price — FAQs
Diesel-vehicle demand for catalytic converters has historically been platinum's largest single demand driver, so shifts in diesel car sales — particularly in Europe — carry outsized weight on the price. Today's rate is ₹5,468.86 per gram.
Platinum mining is concentrated overwhelmingly in South Africa, with Russia, Zimbabwe and Canada making up most of the rest. That concentration means a labour dispute, power outage, or operational issue at a major South African mine can move the global benchmark more than a similar event would move a metal with more geographically spread-out supply, like gold.
Automakers can and do redesign gasoline-engine catalytic converters to use more platinum and less palladium when the price gap between the two metals makes it economical — a process the industry calls thrifting or substitution. It is a real, ongoing response, not a theoretical one, and it is one of the few demand-side mechanisms that could push platinum demand higher over time.
Yes, directly. Platinum's international benchmark is set in US dollars through the LPPM and NYMEX. That figure is converted into rupees, so a weaker rupee raises the INR price even without any change in the underlying dollar-denominated rate, and a stronger rupee has the opposite effect.
Platinum is used as a catalyst in hydrogen fuel cells, a genuine but still early source of demand. Whether it grows into a major demand driver depends on how quickly fuel cell technology scales, which is not something that can be forecast with certainty today.
