Platinum prices in India have maintained a steady position today, following a slight period of volatility earlier in the week. As of January 16, 2026, the “little silver” (as it is historically known) continues to attract interest from both industrial sectors and luxury jewelry buyers.
According to the latest data from Goodreturns, here are the current rates for platinum across the country:
Today’s Platinum Rates (INR)
| Quantity | Today’s Price | Yesterday’s Price | Change |
| 1 Gram | ₹6,786 | ₹6,786 | ₹0 (Steady) |
| 8 Grams | ₹54,288 | ₹54,288 | ₹0 |
| 10 Grams | ₹67,860 | ₹67,860 | ₹0 |
| 100 Grams | ₹6,78,600 | ₹6,78,600 | ₹0 |
City-Wise Platinum Rates
The pricing for platinum remains largely uniform across major Indian metropolitan cities today. In hubs like Mumbai, Delhi, Chennai, Kolkata, Bengaluru, and Pune, the rate is consistently quoted at ₹6,786 per gram.
Monthly Performance and Trends
January 2026 has been a remarkably strong month for platinum. The metal began the year at ₹5,975 per gram and reached a monthly peak of ₹7,014 on January 14th. Despite a correction of ₹228 per gram on January 15th, the overall performance for the month remains “Rising,” showing a significant 13.57% increase year-to-date.
This follows a massive rally in December 2025, where the metal surged nearly 20%, driven by tightening global supply and increased demand for its use in green energy technologies and high-end jewelry.
Factors Driving the Price
- Industrial Demand: Platinum is essential for automotive catalytic converters. With shifting global emission standards, demand for the metal remains high.
- Global Supply: Production constraints in major mining regions like South Africa often lead to price spikes.
- Safe-Haven Appeal: While gold is the traditional hedge, many investors are diversifying into platinum due to its rarity—it is nearly 30 times rarer than gold.
- Jewelry Trends: In India, platinum is increasingly the preferred choice for engagement rings and men’s accessories, valued for its durability and naturally white sheen that does not tarnish.
Expert Insight
While the price has held steady over the last 24 hours, market analysts suggest that the broader trend remains bullish. Investors are closely watching international commodity markets and the US Dollar index, as any significant shifts there typically reflect in the Indian domestic platinum rates.