Platinum, often referred to as the “rich man’s gold,” is making headlines in the Indian commodity market. Known for its rarity and industrial significance, the white-silvery metal has seen a significant upward trend in early 2026. According to the latest data from GoodReturns, platinum prices are currently holding steady at elevated levels following a period of high volatility.
Today’s Platinum Rates (January 19, 2026)
As of today, the platinum rate across major Indian metropolitan cities remains consistent. Here is the price breakdown:
- 1 Gram: ₹6,814
- 8 Grams: ₹54,512
- 10 Grams: ₹68,140
- 100 Grams: ₹6,81,400
Comparing these figures to “Yesterday” (January 18), the prices have remained stable with no change in the last 24 hours. However, the metal has shown a remarkable 14.04% increase since the beginning of January, where it started at ₹5,975 per gram.
City-Wise Breakdown
The price of platinum is uniform across most major Indian cities today:
- Mumbai: ₹6,814/gram
- Delhi: ₹6,814/gram
- Chennai: ₹6,814/gram
- Bangalore: ₹6,814/gram
- Kolkata: ₹6,814/gram
- Hyderabad: ₹6,814/gram
Factors Driving the Price Hike
The recent surge—which saw platinum hit a decade-high earlier this month—is driven by several global and domestic factors:
- Industrial Demand: Platinum is indispensable in the automotive industry for catalytic converters and in the electronics sector. As global manufacturing recovers and pivots toward greener technologies, demand for platinum mesh and gauze has spiked.
- Geopolitical Tensions: Ongoing global uncertainty and trade discussions (including recent headlines regarding U.S. tariff proposals) have pushed investors toward precious metals.
- Supply Constraints: Tight supply from major mining hubs like South Africa has created a deficit in the market, allowing platinum to outperform both gold and silver in terms of percentage growth year-to-date.
- Domestic Affinity: In India, platinum is increasingly becoming a preferred choice for engagement rings and high-end jewelry, especially among younger consumers who value its durability and natural white luster.
Historical Context: January 2026 Performance
January has been a roller-coaster month for platinum investors. The month saw a highest rate of ₹7,014 on January 14, while the lowest rate was ₹5,975 on New Year’s Day. The overall performance for the month is categorized as “Rising,” reflecting a strong bullish sentiment in the precious metals sector.
Outlook for Buyers
While the current price of ₹6,814 per gram is significantly higher than 2025 averages, the metal’s stability over the last 48 hours offers a brief window for those looking to purchase jewelry or investment coins. However, experts suggest keeping a close eye on international spot prices, as the market remains sensitive to global economic shifts.