Platinum prices in India have hit a significant upward milestone today, Thursday, February 26, 2026. After a period of relative stability earlier this week, the “white gold” of the precious metals market has seen a sharp increase, mirroring the bullish sentiment currently seen in the gold and silver sectors.
According to the latest live data from GoodReturns, platinum rates have jumped by ₹290 per gram, bringing the price for 10 grams to over ₹65,000.
Today’s Platinum Prices in India (INR)
Today’s price action reflects a strong recovery from the mid-month lows. Below are the current retail rates for platinum across India:
| Unit | Today’s Price (Feb 26) | Yesterday’s Price | Change |
| 1 Gram | ₹6,680 | ₹6,519 | 📈 +₹161 |
| 8 Grams | ₹53,440 | ₹52,152 | 📈 +₹1,288 |
| 10 Grams | ₹66,800 | ₹65,190 | 📈 +₹1,610 |
| 100 Grams | ₹6,68,000 | ₹6,51,900 | 📈 +₹16,100 |
Quick Tip: The rates mentioned above are bullion prices. Retail purchases for jewelry will attract a 3% GST plus making charges, which typically start from 12% to 15% for platinum due to the metal’s high melting point and difficulty in crafting.
Major City-Wise Platinum Rates Today
Platinum prices are largely uniform across India today, showing consistent gains in all major metropolitan hubs:
- Mumbai: ₹65,190 (per 10g)
- Delhi: ₹65,190 (per 10g)
- Bangalore: ₹65,190 (per 10g)
- Chennai: ₹65,190 (per 10g)
- Hyderabad: ₹65,190 (per 10g)
Factors Driving the Surge in Platinum Prices
The nearly 4.6% spike in a single day is the result of several converging global and domestic factors:
- US Economic Signals: Recent US retail sales data and cooling inflation figures have increased expectations for a Federal Reserve rate cut. Lower interest rates generally make non-yielding assets like platinum more attractive to investors.
- Supply Chain Constraints: As a critical component in green energy (hydrogen fuel cells) and the automotive industry (catalytic converters), any disruption in South African mining output—the world’s largest producer—immediately impacts global prices.
- Safe-Haven Demand: With 24K gold trading at record highs near ₹1,61,900, many investors are looking at platinum as a “value play.” Even at today’s higher price of ₹65,190, platinum remains significantly more affordable than gold, despite being 30 times rarer.
- Currency Fluctuations: The Indian Rupee’s performance against the US Dollar remains volatile, which influences the landed cost of imported precious metals like platinum.
Investment Outlook: Should You Buy Today?
While today’s jump might seem daunting for immediate buyers, the historical context is important. Earlier this year in January, platinum reached heights of ₹8,500 per gram. Current levels suggest that while the metal is recovering, it is still trading well below its yearly peaks.
Why consider Platinum now?
- Durability: Platinum does not wear away; it develops a “patina” over time that can be restored to a mirror finish.
- Purity: Most platinum jewelry in India is Pt950 (95% pure), making it hypoallergenic and ideal for sensitive skin.
- Diversification: It offers a hedge against the extreme volatility often seen in the silver market.
Conclusion
Today’s price of ₹6,519 per gram marks a definitive shift in the February trend. For those planning a wedding or looking to diversify their portfolio, keeping a close eye on the GoodReturns Platinum Price page is essential to catch the next market move.