Platinum prices in India have shown remarkable resilience today, Friday, February 20, 2026, outperforming other precious metals like silver. While the broader commodity market has been grappling with volatility, platinum has stabilized near the ₹6,000 per gram mark, supported by a unique blend of industrial demand and its growing status as a “white gold” alternative in the Indian jewellery sector.
According to the latest data from GoodReturns and bullion market tracking, here is your essential guide to today’s platinum rates.
Today’s Platinum Prices in India (INR)
As of today, the price of platinum has seen a significant daily jump of ₹149 per gram, recovering from the mid-month lows.
| Unit | Today’s Price (Feb 20) | Yesterday’s Price (Feb 19) | Change |
| 1 Gram | ₹6,091 | ₹5,942 | + ₹149 |
| 8 Grams | ₹48,728 | ₹47,536 | + ₹1,192 |
| 10 Grams | ₹60,910 | ₹59,420 | + ₹1,490 |
| 100 Grams | ₹6,09,100 | ₹5,94,200 | + ₹14,900 |
Retailer Insight: The rates above are the base bullion prices. When purchasing jewellery, expect to pay an additional 3% GST plus making charges, which typically range from 10% to 25% depending on the intricacy of the design.
City-Wise Platinum Rates (Feb 20, 2026)
Platinum prices are largely uniform across major Indian metros today, though local transport and handling charges can cause minor variations.
| City | Price per 10 Grams |
| Mumbai | ₹60,910 |
| Delhi | ₹60,910 |
| Bangalore | ₹60,910 |
| Chennai | ₹60,910 |
| Hyderabad | ₹60,910 |
| Kolkata | ₹60,910 |
The 2026 Market Outlook: Why Platinum is Surging
While gold and silver experienced a “precious metals rout” earlier this month, platinum has managed to hold its ground. Several factors are driving this trend in 2026:
- Green Hydrogen Mission: Platinum is a critical catalyst for proton exchange membrane (PEM) electrolyzers. As India’s Green Hydrogen Mission moves into the implementation phase, industrial majors are securing physical supplies.
- Supply Deficits from South Africa: Approximately 80% of the world’s platinum comes from South Africa. Continued electricity shortages and infrastructure challenges there have constrained mine supply, creating a structural deficit.
- The “Men of Platinum” Trend: In the Indian domestic market, platinum has carved out a niche as the preferred metal for men’s jewellery (rings and chains), which are often viewed as more contemporary and less “flashy” than gold.
- Hybrid Vehicle Boom: Contrary to fears that EVs would kill demand, the surge in Hybrid cars (which require more platinum for emission control than traditional engines) has provided a strong demand floor.
Platinum vs. Gold: Which is the Better Buy?
In 2026, the price gap between gold and platinum remains wide. With gold trading near ₹1,56,500 per 10g and platinum at ₹60,910 per 10g, platinum offers a significantly more affordable entry point for luxury buyers and investors looking for portfolio diversification.
- Purity: Platinum jewellery in India is typically 95% pure (Pt950), whereas common gold jewellery is 18K (75%) or 22K (91.6%).
- Durability: Platinum is denser and more resistant to wear, making it the ideal choice for holding high-value diamonds securely.
Conclusion
Today’s recovery to ₹6,091 per gram indicates that the worst of the February sell-off may be over for platinum. For long-term investors, the current levels are attractive, especially given the metal’s indispensable role in the upcoming clean energy transition.