Platinum prices in India have remained steady today, Monday, February 23, 2026, following a significant recovery period in mid-February. Known as the “rich man’s gold,” platinum continues to attract interest as a premium investment and a sophisticated alternative to traditional yellow gold.
According to the latest live data from GoodReturns, here is the comprehensive breakdown of platinum rates across India today.
Today’s Platinum Prices in India (INR)
The price of platinum has held firm today, showing no change from the previous day’s closing rates. This stability suggests a period of consolidation after recent market fluctuations.
| Unit | Today’s Price (Feb 23) | Yesterday’s Price | Change |
| 1 Gram | ₹6,291 | ₹6,291 | ₹0 |
| 8 Grams | ₹50,328 | ₹50,328 | ₹0 |
| 10 Grams | ₹62,910 | ₹62,910 | ₹0 |
| 100 Grams | ₹6,29,100 | ₹6,29,100 | ₹0 |
Note: The rates above are indicative of the bullion price. When purchasing jewelry, remember that a 3% GST and labor charges (making charges) will apply to the final invoice.
City-Wise Platinum Rates (Feb 23, 2026)
Platinum pricing is largely uniform across major Indian hubs today, with the standard rate of ₹62,910 per 10 grams prevailing in most metros:
- Mumbai: ₹6,291 / gram
- Delhi: ₹6,291 / gram
- Bangalore: ₹6,291 / gram
- Chennai: ₹6,291 / gram
- Hyderabad: ₹6,291 / gram
- Kolkata: ₹6,291 / gram
Factors Influencing Platinum Prices Today
While today’s local price is steady, the underlying market remains sensitive to several global and domestic factors:
- Industrial Demand: Platinum is a critical component in green hydrogen production and automotive catalysts. As the global shift toward sustainable energy accelerates in 2026, industrial demand continues to provide a strong support level for prices.
- Global Supply Chains: With South Africa accounting for nearly 80% of global production, any logistical or mining challenges in the region directly impact Indian import costs.
- The US Dollar & Inflation: A stable US Dollar Index today has helped keep precious metal prices in check. However, any shifts in US Federal Reserve policy typically cause immediate ripples in the Indian platinum market.
- Safe-Haven Diversification: With gold prices trading at historic highs (near ₹1.56 lakh per 10g), many investors are diversifying into platinum, which currently offers a more accessible entry point for a rare precious metal.
Buying Guide: Purity and Hallmarking
If you are buying platinum today, keep these quality markers in mind:
- Pt950: This is the standard for high-quality platinum jewelry in India, indicating 95% purity.
- Hypoallergenic: Unlike some white gold alloys, platinum is naturally hypoallergenic, making it ideal for those with sensitive skin.
- Density: Platinum is significantly heavier and denser than 14K or 18K gold, giving it a distinct “heft” that signifies luxury.
Conclusion
Today’s price of ₹6,291 per gram reflects a market that has found a temporary balance. For long-term investors, the current gap between gold and platinum prices presents a unique opportunity to acquire one of the world’s rarest metals at a relative discount.
For the most accurate, minute-by-minute updates, always refer to the GoodReturns Platinum Price page before finalizing your purchase.