As of January 15, 2026, platinum prices in India have witnessed a sharp upward move, mirroring the bullish sentiment seen in the broader precious metals market. While gold and silver have dominated recent headlines, platinum has quietly surged, gaining ₹250 per gram in a single day to reach its highest level so far this year.
According to the latest data from GoodReturns, the “noble metal” is now trading at ₹7,014 per gram, reflecting a nearly 4% jump in just 24 hours.
Current Platinum Rates in India (January 15, 2026)
Today’s price hike has pushed platinum into a new trading range, making it an increasingly popular alternative for luxury buyers and investors alike.
| Quantity | Today’s Price (INR) | Yesterday’s Price (INR) | Change |
| 1 Gram | ₹7,014 | ₹6,764 | ↑ ₹250 |
| 8 Grams | ₹56,112 | ₹54,112 | ↑ ₹2,000 |
| 10 Grams | ₹70,140 | ₹67,640 | ↑ ₹2,500 |
| 100 Grams | ₹7,01,400 | ₹6,76,400 | ↑ ₹25,000 |
City-Wise Platinum Rates
Platinum prices remain largely uniform across major Indian metros today, though local jewelry premiums may vary.
- Mumbai: ₹70,140 per 10g
- Delhi: ₹70,140 per 10g
- Chennai: ₹70,140 per 10g
- Bangalore: ₹70,140 per 10g
- Kolkata: ₹70,140 per 10g
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Market Dynamics: Why is Platinum Surging?
The rally in platinum is being driven by a combination of industrial scarcity and its growing status as a “symbol of purity” in the Indian wedding market:
- Industrial Demand in Green Tech: Platinum is a critical component in hydrogen fuel cells and catalytic converters. As global “Green Hydrogen” initiatives scale up in 2026, the demand for platinum has reached a decade-high, far outstripping current mining supply.
- Wedding Season & Hypoallergenic Appeal: With the Sankranti and Pongal festivities in full swing, there is a visible shift among younger Indian consumers toward platinum for engagement rings and bands. Its hypoallergenic properties and natural white luster make it a preferred choice over white gold.
- Investment Hedging: With silver prices hitting record peaks of nearly ₹3 lakh per kg, many investors are diversifying into platinum, which is significantly rarer than both gold and silver, providing a unique hedge against currency volatility.
- Supply Constraints: Major producers, particularly in South Africa, have reported operational challenges in early 2026, leading to a tighter global market that is sensitive to even minor spikes in demand.
Historical Context & Future Outlook
The performance of platinum in January 2026 has been nothing short of impressive. Starting the month at ₹5,975 per gram, the metal has gained over 17% in just two weeks.
Market analysts suggest that if the current momentum continues and the industrial deficit persists, platinum could potentially test the ₹7,500 per gram mark before the end of the first quarter. For now, the “white metal” is proving to be a dark horse in the 2026 commodities race, offering substantial returns for early movers.