Platinum market chart
Historical benchmark in IDR per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in IDR per Mesghal
Live platinum price history in Indonesian Rupiah (IDR) per mesghal. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 4.6875 grams
= 0.150707 troy ounces
Price per mesghal: —
Platinum price by currency
Fine platinum per mesghal · current exchange rates
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Japanese Yen
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South African Rand
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Russian Ruble
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Turkish Lira
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (IDR) |
|---|---|---|
| Troy Ounce | 31.1035 | — |
| Gram | 1 | — |
| Kilogram | 1000 | — |
| Pennyweight | 1.55517 | — |
| Tola | 11.6638 | — |
| Tael (Hong Kong) | 37.429 | — |
| Tael (Shanghai / Mainland China) | 50 | — |
| Tael (Taiwan) | 37.5 | — |
| Grain | 0.0648 | — |
| Momme | 3.75 | — |
| Baht | 15.244 | — |
| Chi | 3.75 | — |
| Don | 3.75 | — |
| Mesghal | 4.6875 | — |
What is a Mesghal? Platinum weight, conversions and local use
Definition. The mesghal (4.6875 g) is the traditional Persian unit for gold, equal to 4.6875 g or 4.608 g depending on the local standard. Locally it is written مثقال. One mesghal equals 4.6875 grams, or 0.15071 troy ounces, which at today's platinum spot price works out to — IDR.
Where it is used. Iranian bazaar dealers quote 17-carat (705) gold per mesghal, and the mesghal rate is published alongside the coin (Bahar Azadi) price. The unit is the trading standard in Iran and parts of the Middle East.
Pricing conventions. Because Iranian jewellery is traditionally 18K sold at a 705 assay, converting a mesghal quote to a world price requires adjusting for purity as well as weight. Platinum has almost no traditional-unit retail market: it is quoted per ounce or per gram, and this conversion is mainly used for jewellery weighing and industrial stock.
Good to know. One mesghal equals 5 dirham in the old Persian system; the sooth (soot) subdivides it further for small stones.
Platinum price per Mesghal in IDR — quick conversion table
| Quantity | Grams | Troy ounces | Value (IDR) |
|---|---|---|---|
| 1 mesghal | 4.688 g | 0.1507 oz t | — |
| 5 mesghals | 23.438 g | 0.7535 oz t | — |
| 10 mesghals | 46.875 g | 1.5071 oz t | — |
| 100 mesghals | 468.75 g | 15.0707 oz t | — |
Values are calculated from the live XPT spot price converted into Indonesian Rupiah and refresh with the price above.
Buying Platinum in Indonesia: local market, taxes and premiums
At the live price shown above per mesghal, the price you see here is the international XPT spot price converted into Indonesian Rupiah. Physical buyers in Indonesia pay that reference plus a premium, and local trading is concentrated around Jakarta, with ANTAM the dominant refiner brand. Buyers there generally watch the ANTAM daily buyback and sell price per gram as the day's reference.
Taxes and duties. Silver, platinum and palladium are niche, sold mainly through jewellers and taxed as ordinary goods. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. That is why the shop price of platinum in IDR can sit noticeably above the spot value of the same mesghal of metal.
How people usually buy. The common routes in Indonesia are ANTAM Butik Emas outlets, Pegadaian gold savings and pawn, e-commerce gold platforms and jewellers. The products most often quoted locally include ANTAM 1 g to 100 g bars, CertiEye certified bars, gold savings accounts.
Local conventions. Micro-savings in gold from 0.01 g is mainstream through Pegadaian and app platforms, priced in rupiah per gram. Before you buy, compare the dealer's asking price per mesghal with the live platinum price above, and check the buy-back spread the same dealer offers — that round-trip cost matters more than a small difference in the headline IDR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in Indonesia can change.
Other Precious Metals in IDR
Compare prices across different precious metals
About Platinum Price in IDR
What is Platinum?
Platinum is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. It is one of the rarer elements in Earth's crust.
History
Platinum was used by pre-Columbian Americans near modern-day Esmeraldas, Ecuador. The first European reference to platinum appears in 1557.
Common Uses
Interesting Facts
- •Platinum is 30 times rarer than gold
- •About 70% of platinum production goes to catalytic converters
- •South Africa produces about 70% of the world's platinum
Platinum Price Per Mesghal in Indonesian Rupiah
The current platinum price per mesghal in Indonesian Rupiah (IDR) is updated in real-time based on international market rates. Platinum is traded globally and its price fluctuates based on supply and demand, economic conditions, and geopolitical factors.
When buying or selling platinum in Indonesia, it's important to understand that prices are typically quoted in troy ounces on international markets. Our converter helps you easily calculate the price in mesghals, which may be more practical for local transactions.
The mesghal is a traditional unit of weight used in Iran and the Middle East for gold. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current IDR Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for Indonesia investors tracking platinum in IDR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in IDR – FAQ
How much does one ounce of platinum cost in IDR today?
One troy ounce of platinum currently costs approximately the live spot price shown on this page. This live spot price is refreshed every 5 minutes from MetalflowAPI market data and reflects the international XPT/IDR rate.
What is the current platinum rate in Indonesia today?
The current platinum rate in Indonesia is the live spot price shown on this page per mesghal. Prices refresh every 5 minutes and follow the international Platinum spot price converted to Indonesian Rupiah.
How much is 1 mesghal of platinum in IDR?
1 mesghal of platinum equals the live spot price shown on this page today. This is calculated from the live spot price per troy ounce, converted via the IDR exchange rate (1 mesghal = 4.6875 grams).
How is the platinum price per mesghal calculated?
The platinum price per mesghal is calculated by converting the international spot price (quoted per troy ounce in USD) to IDR using the current exchange rate, then converting to the mesghal weight unit (1 mesghal = 4.6875 grams).
Do I pay tax or VAT when buying platinum in Indonesia?
Silver, platinum and palladium are niche, sold mainly through jewellers and taxed as ordinary goods. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per mesghal more than small differences in the IDR spot quote.
Where do people usually buy platinum in Indonesia?
The usual routes are ANTAM Butik Emas outlets, Pegadaian gold savings and pawn, e-commerce gold platforms, jewellers. Local trading is centred on Jakarta, with ANTAM the dominant refiner brand, and the products most often quoted are ANTAM 1 g to 100 g bars, CertiEye certified bars, gold savings accounts.
Why is the shop price of platinum higher than the spot price in IDR?
Retail prices add a dealer premium covering refining, minting, shipping, insurance and margin, plus any local tax. Platinum is a much smaller market driven by autocatalyst and jewellery demand, so local availability is patchier and dealer spreads wider. Compare the asking price per mesghal with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the Indonesia platinum market follow?
Local buyers generally follow the ANTAM daily buyback and sell price per gram, converted into Indonesian Rupiah (IDR). Micro-savings in gold from 0.01 g is mainstream through Pegadaian and app platforms, priced in rupiah per gram.