Platinum market chart
Historical benchmark in INR per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in INR per Gram
Live platinum price history in Indian Rupee (INR) per gram. Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 1.0000 grams
= 0.032151 troy ounces
Price per g: —
Platinum price by currency
Fine platinum per gram · current exchange rates
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Taiwan Dollar
Platinum price by weight
| Weight | Grams | Spot value (INR) |
|---|---|---|
| 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 Gram? Platinum weight, conversions and local use
Definition. The gram is the everyday retail unit for precious metals outside the English-speaking wholesale market. One gram equals 1 grams, or 0.03215 troy ounces, which at today's platinum spot price works out to — INR.
Where it is used. Jewellers, pawn shops and scrap buyers all quote per gram, and small investment bars start at 1 g, 5 g, 10 g, 20 g, 50 g and 100 g. The unit is the trading standard in Europe, Middle East and most retail markets.
Pricing conventions. Premiums rise sharply as gram size falls: a 1 g bar can cost 20–40% over melt value, while a 100 g bar sits within a few percent of spot. Scrap offers are usually a discount to the gram price by karat. 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. Gram pricing is also how most karat calculations are done: multiply the gram price by the purity fraction (for example 0.750 for 18K).
Platinum price per Gram in INR — quick conversion table
| Quantity | Grams | Troy ounces | Value (INR) |
|---|---|---|---|
| 1 gram | 1 g | 0.0322 oz t | — |
| 5 grams | 5 g | 0.1608 oz t | — |
| 10 grams | 10 g | 0.3215 oz t | — |
| 100 grams | 100 g | 3.2151 oz t | — |
Values are calculated from the live XPT spot price converted into Indian Rupee and refresh with the price above.
Buying Platinum in India: local market, taxes and premiums
At the live price shown above per gram, the price you see here is the international XPT spot price converted into Indian Rupee. Physical buyers in India pay that reference plus a premium, and local trading is concentrated around Mumbai's Zaveri Bazaar, plus Ahmedabad and Chennai. Buyers there generally watch the IBJA daily rate published for 999 and 916 gold as the day's reference.
Taxes and duties. Silver is also taxed at 3% GST; platinum and palladium are niche and mostly sold as jewellery. 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 INR can sit noticeably above the spot value of the same gram of metal.
How people usually buy. The common routes in India are family jewellers, national chains such as Tanishq and Kalyan, Sovereign Gold Bonds and Gold ETFs and digital gold apps. The products most often quoted locally include 22K jewellery, gold coins of 8 g and 10 g, 1 tola bars, Sovereign Gold Bonds.
Local conventions. Gold is bought by the tola (11.6638 g) and in 22K (916) purity, with BIS hallmarking now mandatory; demand peaks at Dhanteras, Akshaya Tritiya and the wedding season. Before you buy, compare the dealer's asking price per gram 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 INR quote.
Market information only, updated with live prices. Not tax or investment advice; tax rules in India can change.
Other Precious Metals in INR
Compare prices across different precious metals
About Platinum Price in INR
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 Gram in Indian Rupee
The current platinum price per gram in Indian Rupee (INR) 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 India, 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 grams, which may be more practical for local transactions.
The gram is a metric unit of mass equal to one thousandth of a kilogram. This unit is commonly used when trading platinum in various markets around the world.
Platinum Long-Term Returns vs Current INR Price
How platinum has performed over 1, 5, 10, and 20 years against today's spot price (USD/oz). Useful for India investors tracking platinum in INR.
| Period | Start date | Price then | Return |
|---|
Historical prices are approximate annual averages, interpolated between anchor years (1980–2026).
Platinum price in INR – FAQ
How much does one ounce of platinum cost in INR 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/INR rate.
What is the current platinum rate in India today?
The current platinum rate in India is the live spot price shown on this page per gram. Prices refresh every 5 minutes and follow the international Platinum spot price converted to Indian Rupee.
How much is 1 gram of platinum in INR?
1 gram 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 INR exchange rate (1 gram = 1 grams).
How is the platinum price per gram calculated?
The platinum price per gram is calculated by converting the international spot price (quoted per troy ounce in USD) to INR using the current exchange rate, then converting to the gram weight unit (1 gram = 1 grams).
Do I pay tax or VAT when buying platinum in India?
Silver is also taxed at 3% GST; platinum and palladium are niche and mostly sold as jewellery. Always confirm the current rule with the dealer, because the tax treatment changes the real cost per gram more than small differences in the INR spot quote.
Where do people usually buy platinum in India?
The usual routes are family jewellers, national chains such as Tanishq and Kalyan, Sovereign Gold Bonds and Gold ETFs, digital gold apps. Local trading is centred on Mumbai's Zaveri Bazaar, plus Ahmedabad and Chennai, and the products most often quoted are 22K jewellery, gold coins of 8 g and 10 g, 1 tola bars, Sovereign Gold Bonds.
Why is the shop price of platinum higher than the spot price in INR?
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 gram with the live spot value above, and check the dealer's buy-back spread.
Which price reference does the India platinum market follow?
Local buyers generally follow the IBJA daily rate published for 999 and 916 gold, converted into Indian Rupee (INR). Gold is bought by the tola (11.6638 g) and in 22K (916) purity, with BIS hallmarking now mandatory; demand peaks at Dhanteras, Akshaya Tritiya and the wedding season.