While gold often steals the spotlight, platinum—the “white gold”—has become an increasingly popular choice for both sophisticated jewelry and strategic investment in India. Today, Friday, January 9, 2026, platinum prices are seeing a notable correction, following a strong rally earlier in the week.
Today’s Platinum Rates in India (January 9, 2026)
Platinum prices in India typically remain uniform across major cities, though slight variations can occur due to local taxes and dealer margins. Today’s market price reflects a cooling period after hitting recent highs.
| City | Price per 1 Gram | Price per 10 Grams |
| Bangalore | ₹6,566 | ₹65,660 |
| Chennai | ₹6,566 | ₹65,660 |
| Delhi | ₹6,566 | ₹65,660 |
| Mumbai | ₹6,566 | ₹65,660 |
| Hyderabad | ₹6,566 | ₹65,660 |
| Kolkata | ₹6,566 | ₹65,660 |
Daily Change: Prices have decreased by ₹187 per gram (approx. 2.77%) compared to yesterday’s rate of ₹6,753.
Price Breakdown by Weight
For retail buyers and investors, here is how the costs break down for various standard weights today:
- 1 Gram: ₹6,566
- 8 Grams (1 Pavan): ₹52,528
- 10 Grams: ₹65,660
- 100 Grams: ₹6,56,600
Why Are Platinum Prices Moving?
The current price action is influenced by a mix of industrial demand and global economic signals:
- Supply-Demand Deficit: The global platinum market enters 2026 in a structural deficit. Production challenges in South Africa (which supplies ~80% of the world’s platinum) due to power grid instability have kept supply tight.
- Automotive Sector Resilience: Platinum remains critical for catalytic converters in vehicles. Despite the shift toward EVs, the slower-than-expected transition has kept demand for platinum in internal combustion and hybrid engines surprisingly high.
- The “Green” Factor: Platinum is a key component in hydrogen fuel cells and electrolyzers. As India and the world pivot toward green hydrogen, long-term investor interest is shifting toward platinum as a “future-green” asset.
- Profit Booking: After a surge of nearly 10% since January 1st, today’s dip is largely attributed to investors booking profits and a slight recovery in the US Dollar index.
Platinum vs. Gold: The 2026 Outlook
Historically, platinum has traded at a premium to gold. While gold currently sits near the ₹1,39,000 mark (24K), platinum at ₹65,660 is seen by many analysts as “undervalued.”
For investors, the current price dip offers an entry point into a metal that is rarer than gold and has significant industrial utility. However, unlike gold, platinum is more sensitive to global industrial health, making it slightly more volatile.
Buying Tip for Jewelry
If you are purchasing platinum jewelry, ensure you look for the “Pt950” hallmark. This indicates 95% purity, which is the standard for high-quality platinum ornaments in India.