Platinum, often referred to as the “rich man’s gold,” continues to carve out a significant niche in the Indian precious metals market. Known for its rarity, durability, and sophisticated white luster, it has become a top choice for modern jewelry and industrial applications alike.
If you are looking to invest or buy jewelry today, here is a comprehensive breakdown of the current platinum rates in India, based on the latest data from GoodReturns.
Today’s Platinum Price in India (February 16, 2026)
As of today, platinum prices in India remain stable following the weekend, holding the same levels as yesterday.
| Weight | Today’s Price (INR) | Yesterday’s Price (INR) | Change |
| 1 Gram | ₹5,988 | ₹6,006 | – ₹18 |
| 8 Grams | ₹47,904 | ₹48,048 | – ₹144 |
| 10 Grams | ₹59,880 | ₹60,060 | – ₹180 |
| 100 Grams | ₹5,98,800 | ₹6,00,600 | – ₹1,800 |
Platinum Rates in Major Indian Cities
Platinum prices are generally uniform across major metropolitan cities in India today:
- Mumbai: ₹5,988/gm
- Delhi: ₹5,988/gm
- Chennai: ₹5,988/gm
- Kolkata: ₹5,988/gm
- Bangalore: ₹5,988/gm
- Hyderabad: ₹5,988/gm
Market Trend Analysis: February 2026
The month of February has seen notable volatility in platinum pricing. While the month started at ₹6,097 per gram, the current rate reflects a slight overall decline.
- February High: ₹6,614 per gram (Recorded on Feb 4, 2026)
- February Low: ₹5,666 per gram (Recorded on Feb 6, 2026)
- Monthly Performance: Falling (-1.49% change)
After reaching a peak early in the month, prices corrected sharply before stabilizing around the ₹6,000 mark. This trend is largely influenced by global commodity market fluctuations and the strength of the US Dollar.
Why Buy Platinum? Understanding its Value
Platinum is significantly rarer than gold, with much lower annual production. This scarcity, combined with its unique physical properties, makes it a premium asset.
1. Superior Durability
Platinum is one of the densest and heaviest precious metals. Unlike white gold, which is an alloy plated with rhodium, platinum is naturally white and will not fade or turn yellow over time. Its “malleability” means that when scratched, the metal is merely displaced rather than lost, making it ideal for daily-wear jewelry like wedding bands.
2. Hypoallergenic Properties
Because platinum jewelry is typically 95% pure (marked as Pt950), it is hypoallergenic. This makes it the perfect choice for individuals with sensitive skin who may react to the alloys used in gold or silver.
3. Industrial Demand
Beyond jewelry, platinum is a critical component in automotive catalytic converters and the burgeoning hydrogen fuel cell industry. This dual-purpose demand (industrial + luxury) provides a unique cushion for its long-term investment value.
Factors Influencing Platinum Prices in India
Several factors dictate the daily change in platinum rates:
- Global Market Cues: As a globally traded commodity, spot prices in international markets (London/New York) directly impact Indian rates.
- Currency Fluctuations: Since platinum is traded in US Dollars, the USD to INR exchange rate plays a vital role in domestic pricing.
- Import Duties: Any changes in government-imposed import taxes significantly shift the final retail price.
- Economic Stability: Geopolitical tensions or shifts in US Federal Reserve interest rates often lead investors toward or away from “safe-haven” metals.
Is Now a Good Time to Buy?
With the current performance showing a 1.49% decline this month, some buyers may see this as a consolidation phase and a potential entry point before prices potentially rally toward the highs seen earlier in the month (₹6,600+).
For the most accurate and live updates, always check the official GoodReturns platinum price page before making a transaction.