Platinum market chart
Historical benchmark in INR per troy ounce; weight conversions are shown in the tables.
Platinum Price Chart in INR per Tael (Taiwan)
Live platinum price history in Indian Rupee (INR) per tael (taiwan). Toggle 24H, 7D, 30D, and 1Y ranges to analyze platinum trends.
Quick Calculator
Calculate platinum value
= 37.5000 grams
= 1.205653 troy ounces
Price per tael (TW): —
Platinum price by currency
Fine platinum per tael (taiwan) · current exchange rates
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US Dollar
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Euro
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British Pound
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Japanese Yen
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Australian Dollar
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Canadian Dollar
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Indian Rupee
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Chinese Yuan
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Singapore Dollar
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Hong Kong Dollar
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Saudi Riyal
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Mexican Peso
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Brazilian Real
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South African Rand
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Russian Ruble
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Turkish Lira
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Polish Zloty
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Swedish Krona
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Norwegian Krone
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Danish Krone
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Czech Koruna
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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 Tael (Taiwan)? Platinum weight, conversions and local use
Definition. The Taiwanese tael is 37.5 grams, a metric rounding of the old Chinese tael, and the standard unit in Taiwanese gold shops. Locally it is written 台兩. One tael (taiwan) equals 37.5 grams, or 1.20565 troy ounces, which at today's platinum spot price works out to — INR.
Where it is used. Bank of Taiwan gold passbooks quote per gram, but jewellery and gift bars — especially at weddings and births — are counted in taels. The unit is the trading standard in Taiwan.
Pricing conventions. Taiwanese shops usually price 9999 gold per tael with a fixed workmanship charge and publish a separate buy-back rate that is a few percent below the selling rate. 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 Taiwanese tael is divided into ten 錢 (qian) of 3.75 g each, which is the same weight as the Japanese momme and the Korean don.
Platinum price per Tael (Taiwan) in INR — quick conversion table
| Quantity | Grams | Troy ounces | Value (INR) |
|---|---|---|---|
| 1 tael (taiwan) | 37.5 g | 1.2057 oz t | — |
| 5 tael (taiwan)s | 187.5 g | 6.0283 oz t | — |
| 10 tael (taiwan)s | 375 g | 12.0565 oz t | — |
| 100 tael (taiwan)s | 3,750 g | 120.5653 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 tael (taiwan), 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 tael (taiwan) 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 tael (taiwan) 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 Tael (Taiwan) in Indian Rupee
The current platinum price per tael (taiwan) 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 tael (taiwan)s, which may be more practical for local transactions.
The Taiwanese tael (台兩) is equal to 37.5 grams and is the standard unit for gold and silver trading in Taiwan. 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 tael (taiwan). Prices refresh every 5 minutes and follow the international Platinum spot price converted to Indian Rupee.
How much is 1 tael (taiwan) of platinum in INR?
1 tael (taiwan) 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 tael (taiwan) = 37.5 grams).
How is the platinum price per tael (taiwan) calculated?
The platinum price per tael (taiwan) 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 tael (taiwan) weight unit (1 tael (taiwan) = 37.5 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 tael (taiwan) 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 tael (taiwan) 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.