Platinum Prices in India Today – February 11, 2026 (Latest Rates)

While gold and silver have long dominated the Indian jewelry market, platinum—often referred to as the “new age” precious metal—is steadily carving out its own niche. Known for its rarity, durability, and understated elegance, platinum has become a popular choice for engagement rings and wedding bands.

Based on the latest data from Goodreturns, here is a comprehensive look at platinum prices in India as of February 11, 2026, and its performance trends over the past few months.

Current Platinum Rates in India (February 11, 2026)

The price of platinum remains uniform across major Indian cities like Mumbai, Delhi, Bangalore, and Chennai. Currently, the rates are as follows:

Over the last few days, the price has seen a slight downward correction, dropping from ₹6,111 per gram on February 8 to the current ₹6,078 level.

Historical Performance & Market Trends

Platinum has shown significant volatility over the last six months, driven by global economic factors and fluctuating industrial demand.

• February 2026 (Ongoing): The month started at ₹6,097/gram. It reached a peak of ₹6,614 on February 4 before dipping to a low of ₹5,666 on February 6.
• January 2026: A strong month for the metal, where prices rose by nearly 8%. It hit a high of ₹8,500 per gram on January 26.
• Q4 2025: December saw a massive surge of 19.86%, starting at ₹4,873 and ending at ₹5,841. This upward trend was consistent through November (+6.07%) and October (+2.17%).
• Q3 2025: September witnessed another significant jump of 17.37%, indicating a strong year-end rally for the metal in 2025.

Factors Influencing Platinum Prices

Unlike gold, which is primarily seen as a safe-haven asset, platinum is heavily influenced by both jewelry demand and industrial applications (such as in the automotive industry for catalytic converters). Key factors affecting prices in India include:

1. Global Markets: Since India imports most of its platinum, international spot prices and the US Dollar exchange rate play a critical role.
2. Rarity: Platinum is significantly rarer than gold. It takes roughly 10 tons of ore to produce a single ounce of platinum.
3. Low Maintenance: Platinum is naturally white and does not fade or turn yellow over time, unlike white gold which requires rhodium plating. This durability makes it a preferred choice for long-term investments.

Platinum vs. Gold: The Choice for Investors

While gold remains the traditional favorite in India for its cultural value and liquidity, platinum is gaining traction among urban millennials. It offers a more contemporary look and is often perceived as more exclusive.

For investors, platinum offers a way to diversify a precious metals portfolio. However, it is important to note that the resale market for platinum in India is not yet as liquid as the market for gold, though this is gradually changing as major jewelers now offer buy-back schemes.

Conclusion

With prices currently hovering around ₹6,078 per gram, platinum remains an attractive alternative for those looking for luxury and durability. While the metal has seen a “falling” performance in early February, the strong gains seen throughout late 2025 suggest that it remains a high-value asset for those with a long-term perspective.