Platinum, the rare and lustrous “white metal,” continues to be a focal point for investors and jewelry enthusiasts in India. Known for its density, durability, and hypoallergenic properties, platinum is increasingly favored for engagement rings and high-end industrial applications.
As of today, January 20, 2026, the platinum market in India has seen a minor correction following a significant rally earlier this month. Below is the detailed breakdown of the current rates.
Today’s Platinum Rates in India
According to the latest data from GoodReturns, the price for platinum today has decreased slightly by approximately ₹16 per gram compared to yesterday’s closing.
| Weight | Today’s Rate (INR) | Yesterday’s Rate (INR) | Price Change |
| 1 Gram | ₹6,832 | ₹6,848 | – ₹16 |
| 8 Grams | ₹54,656 | ₹54,784 | – ₹128 |
| 10 Grams | ₹68,320 | ₹68,480 | – ₹160 |
| 100 Grams | ₹6,83,200 | ₹6,84,800 | – ₹1,600 |
City-Wise Platinum Prices
While the national average is around ₹6,832 per gram, prices can vary slightly based on local taxes, octroi, and dealer margins. Today, the rates are uniform across most major Indian metros:
- Mumbai: ₹6,832/gram
- Delhi: ₹6,832/gram
- Chennai: ₹6,832/gram
- Bangalore: ₹6,832/gram
- Hyderabad: ₹6,832/gram
- Kolkata: ₹6,832/gram
Monthly Performance: January 2026
The month of January has been exceptionally bullish for platinum. The metal started the year at ₹5,975 per gram on January 1st and reached a monthly high of ₹7,014 on January 14th. Despite today’s small dip, the overall performance for the month remains “Rising,” with a net gain of approximately 14.3% year-to-date.
Factors Influencing the Price
Several key factors are currently steering the platinum market:
- Global Supply and Demand: Platinum is significantly rarer than gold. Recent reports of tight supply from South African mines (the world’s largest producers) coupled with rising industrial demand in green energy and automotive sectors have pushed prices to decade-highs.
- Currency Fluctuations: As platinum is traded globally in US dollars, the exchange rate of the Indian Rupee plays a crucial role in determining the final landing cost in India.
- Industrial Utility: Beyond jewelry, platinum is essential for hydrogen fuel cells and catalytic converters. Any surge in the manufacturing sector directly impacts the metal’s valuation.
Why Choose Platinum?
For modern consumers, platinum offers several advantages over other precious metals:
- Purity: Most platinum jewelry is 95% pure (Pt 950), making it more valuable in its metal content than 18K or 22K gold.
- Durability: Its high density makes it more resistant to wear and tear, ensuring that gemstones like diamonds are held more securely.
- Hypoallergenic: It is the ideal choice for those with sensitive skin, as it does not contain nickel or other common allergens found in white gold alloys.
Investment Outlook: While the current price of ₹6,832 per gram is near historic highs, market analysts suggest that the metal’s industrial necessity and rarity may continue to support its value in the long term. Buyers are advised to check live rates before making a purchase, as precious metal prices are subject to volatility based on international spot market trends.