Platinum Rate Today
- 2026-07-13~48960
- 2026-07-14~49380
- 2026-07-15~50590
- 2026-07-16~51510
- 2026-07-17~51510
- 2026-07-18~49340
- 2026-07-19~49340
- 2026-07-20~49470
- 2026-07-21~49870
About Platinum
Today Platinum Price per gram in India (INR)
| Gram | Platinum Rate Today (₹) | Platinum Rate Yesterday (₹) | Daily Price Change (₹) |
|---|---|---|---|
| 1 gram | 4,987 | 4,947 | 40 |
| 8 gram | 39,896 | 39,576 | 320 |
| 10 gram | 49,870 | 49,470 | 400 |
| 100 gram | 4,98,700 | 4,94,700 | 4,000 |
Platinum Rate in India for Last 10 Days
| Date | Platinum Rate (10 gm) | Platinum Rate Change (%) |
|---|---|---|
| 21-07-2026 | 49,870 | 400 (+0.81%) |
| 20-07-2026 | 49,470 | 130 (+0.26%) |
| 19-07-2026 | 49,340 | 0 (0.00%) |
| 18-07-2026 | 49,340 | -2,170 (-4.21%) |
| 17-07-2026 | 51,510 | 0 (0.00%) |
| 16-07-2026 | 51,510 | 920 (+1.82%) |
| 15-07-2026 | 50,590 | 1,210 (+2.45%) |
| 14-07-2026 | 49,380 | 420 (+0.86%) |
| 13-07-2026 | 48,960 | 0 (0.00) |
Key Factors That Drive Platinum Price Today
Automotive production cycles directly drive platinum demand through catalytic converter requirements. South Africa produces roughly 75% of global platinum supply, making geopolitical developments there critical. Mining output variations from major producers reshape supply expectations. Industrial demand from electronics, jewelry, chemical processing, and dental applications creates baseline demand. Recycling rates affect supply—recycled platinum provides significant supply without new mining. Interest rate expectations influence financial flows into precious metals. US dollar strength makes platinum expensive for international buyers, suppressing demand. Recession fears trigger industrial metal selloffs. Environmental regulations affecting automotive emissions reshape catalytic converter demand. Jewelry demand varies with economic strength and cultural occasions. The final price reflects consensus about all these factors.
Platinum Contract Specifications
MCX platinum contracts specify quantity in grams per lot. Tick size represents minimum price movement. The contract settles in cash daily. Positions mark-to-market continuously. Margin requirements adjust based on volatility. You can hold until expiry or exit during MCX trading hours. Near-month contracts carry the most volume. Platinum is traded in smaller volumes than gold, so spreads may be slightly wider during off-peak hours. Real-time settlement means daily cash flows.
How to Trade MCX Platinum on 5paisa
Open a commodity trading account with 5paisa and complete KYC verification. Link your bank and deposit funds. Access 5paisa through mobile app or web platform. Navigate to commodities → precious metals → platinum. Select your contract month—near-month typically has tighter spreads. Review the lot size, tick size, and margin requirement on-screen. Decide your position direction: long if you expect prices to rise, short if you expect them to fall. Enter your position size in whole contract increments. Choose market order for immediate execution or limit order to await your specified price. Confirm your order. Your position opens instantly and appears in your portfolio. Monitor it throughout the day. Exit by placing an opposite order when you reach your profit target or hit your stop-loss. Settlement occurs automatically after market close.
Things to Consider Before Trading Platinum
Platinum is much rarer than gold, making it more volatile. Supply is concentrated in South Africa, creating geopolitical risk. Automotive cycles drive demand heavily—production slowdowns create sharp selloffs. Recycling rates fluctuate based on economic strength, affecting supply unpredictably. Industrial demand is more stable than financial demand, providing price floors. Leverage amplifies volatility—1% platinum moves create meaningful margin swings. Liquidity is lower than gold or silver, potentially widening spreads during off-peak hours. Physical platinum resale is possible but less liquid than gold. You need conviction about automotive cycles and platinum fundamentals.
Difference Between Gold and Platinum
Gold is more abundant globally, creating larger supply cushions. Platinum is 30 times rarer than gold, affecting scarcity premiums. Gold pricing is driven primarily by interest rates, dollar strength, and geopolitical risk. Platinum pricing is driven more by automotive cycles and industrial demand. Gold carries strong cultural and investment demand globally. Platinum demand is more concentrated in industrial and automotive sectors. Gold has deep liquidity across global markets. Platinum liquidity is more concentrated and narrower. Gold as jewelry is ubiquitous. Platinum jewelry is less common and carries higher fabrication costs. Gold carries safe-haven characteristics during crises. Platinum typically sells off during recessions due to automotive demand weakness. Both are precious metals, but their drivers and demand structures differ substantially.
Why is Platinum So Expensive?
Platinum is 30 times rarer than gold by production volume. Mining platinum requires complex extraction processes from platinum group metals ore. South African mines produce most global platinum, creating supply concentration. Recovery from recycling is economically challenging, limiting scrap supply alternatives. Industrial applications (catalytic converters, electronics, chemical catalysts) create genuine demand beyond speculation. High density means same volume of platinum weighs much more than gold, affecting jewelry costs. Refining complexity adds to production costs. Limited substitutes exist for platinum's industrial applications—this creates inelastic demand. The rarity combined with genuine industrial demand supports high prices. Physical properties (density, durability, corrosion resistance) justify premiums over alternatives.
How to Invest in Platinum in India?
MCX futures offer leveraged exposure through 5paisa—the most liquid route for active trading. Physical platinum bars and coins can be purchased from dealers, but storage and purity verification add costs. Platinum jewelry offers ownership but includes fabrication charges and resale friction. Platinum ETFs (if available) provide passive exposure similar to gold ETFs. Sovereign Platinum schemes (if offered by government) provide structured investment routes. For active traders, MCX platinum futures offer the best liquidity and lowest friction. For passive investors wanting physical ownership, platinum bars represent the simplest approach. Each route has different costs, liquidity, and objectives.
Explore by Categories
Platinum sits within precious metals alongside gold and silver. All provide inflation hedges and safe-haven characteristics. Gold is driven primarily by financial flows and geopolitical risk. Silver responds to industrial demand plus safe-haven flows. Platinum is driven by automotive cycles and industrial demand. Base metals (copper, aluminium, lead) respond to manufacturing cycles. All commodities offer leverage through MCX futures. Traders can build diversified precious metals portfolios or specialize in single metals. Each metal has distinct drivers and volatility profiles.
FAQs
Open 5paisa during MCX precious metals trading hours. Navigate to precious metals and select platinum. You'll see live bid and ask prices. Historical charts display today's price action along with weekly and longer-term trends. Platinum prices update continuously during trading hours. Daily high/low and opening prices help identify trading ranges. All prices are real-time MCX quotes based on global platinum benchmarks with rupee conversion.
Yes. Platinum prices update in real-time during MCX trading hours on 5paisa. After market close, prices freeze at the day's closing level. The next day's opening reflects overnight developments in global platinum markets. Weekend and holiday closures mean Monday opening prices reflect all overnight and weekend developments. Global platinum markets operate continuously—overnight moves in London and US markets create Monday gap openings.
The price per gram varies daily based on MCX futures prices. To calculate gram price, divide the current MCX platinum contract price by the lot size in grams. The price shown on 5paisa represents the actual trading price. Physical platinum dealer prices include fabrication, storage, and purity verification premiums above spot prices. MCX prices are pure commodity prices without intermediation. Check 5paisa for current prices since they update continuously.
Global platinum prices set on international benchmarks in USD. MCX tracks these benchmarks with rupee conversion factored in. Exchange rate movements create local price variations independent of global platinum moves. Supply from major producers (South Africa, Russia, Zimbabwe) affects global prices. Automotive production cycles drive demand. Financial flows from interest rate expectations reshape prices. Indian rupee strength or weakness affects local pricing. Import duties and government policies create local premiums. The final MCX price reflects global benchmarks plus rupee effects plus local supply-demand.
Automotive production cycles—catalytic converter demand drives roughly 40% of platinum consumption. South African production—75% of global supply comes from there; geopolitical developments reshape prices. Recycling rates—economic strength determines how much scrap platinum gets recovered. Industrial demand from electronics, chemicals, jewelry, dental applications. Interest rate expectations—higher rates reduce precious metals appeal. US dollar strength—strong dollar makes platinum expensive for international buyers. Recession fears—recessions reduce automotive production, hitting platinum demand hard. Environmental regulations—emissions standards drive catalytic converter demand. Mining cost structures and energy prices. Physical jewellery demand from cultural occasions. All factors interact continuously, creating daily price changes.
Platinum offers inflation hedging and industrial demand support. Rarity provides scarcity premiums. Automotive demand creates structural price floors. Recycling limitations affect supply dynamics differently than gold. The drawback is automotive cyclicality—recessions hit platinum harder than gold. Physical platinum resale liquidity is lower than gold. Platinum trading is less familiar to retail investors than gold. Leverage through MCX futures appeals to active traders but carries risk. For passive investors, platinum represents diversification from gold but with higher volatility. For active traders, platinum offers trading opportunities during automotive cycles. Success depends on your investment horizon and understanding platinum-specific drivers.
Physical platinum maintains resale value but with some friction. Platinum dealers will buy back bars and coins, though buyback prices are typically below retail prices. Purity verification is required, adding time to transactions. Jewellery resale is possible but includes fabrication cost recovery challenges. MCX futures liquidity is excellent during trading hours, enabling rapid cash-out. Physical platinum's resale value is generally solid but less liquid than gold. Storage costs for physical platinum can be meaningful. If considering platinum investment for eventual resale, factor in dealer spreads and storage costs. MCX futures avoid these friction points entirely through daily settlement.
Yes. Platinum trades at higher prices per gram than gold due to extreme rarity. Per gram, platinum costs roughly 2-3x more than gold. Platinum's density means the same visual volume weighs more, adding to perceived cost. Rarity premiums support sustained price differentials. Both are precious metals, but platinum's scarcity commands higher valuations. This price differential persists across markets—MCX platinum is more expensive than MCX gold.
Yes, dramatically rarer. Platinum is produced at roughly 1/30th the volume of gold globally. Annual platinum production is a small fraction of gold production. South Africa dominates platinum production, creating supply concentration. Gold is mined globally across many countries, providing supply diversity. Platinum's extreme rarity justifies higher prices. This rarity makes platinum more volatile—supply shocks have bigger price impacts. The rarity differential persists year after year, supporting premium valuations.
Platinum is a pure element—100% platinum in jewelry. White gold is gold alloyed with other metals (nickel, palladium, zinc) to create a white appearance. Platinum is naturally white. White gold requires plating or surface treatments to maintain whiteness. Platinum is much heavier and denser. White gold is lighter, affecting wearability. Platinum is hypoallergenic for most people. White gold alloys can trigger allergies depending on composition. Platinum is more durable and resistant to wear. White gold requires periodic replating to maintain appearance. Platinum pricing follows platinum markets. White gold pricing follows gold markets plus alloy costs. For jewelry, platinum commands premiums over white gold due to durability and rarity. Both are precious metals, but platinum's pure nature and properties justify higher costs.
Yes. Platinum is much harder and denser than gold. Platinum resists scratching and wear better than gold. Platinum doesn't require replating or refinishing like white gold does. Gold is soft and requires careful handling; platinum tolerates more daily wear. For jewelry, platinum's durability extends lifespan compared to gold. Platinum settings protect gemstones better through superior holding capacity. Both are precious metals, but platinum's physical properties make it more durable long-term. This durability supports higher pricing.
MCX futures prices are standardized nationally—the same price trades across all of India during MCX hours. Physical platinum dealer prices vary by city due to local supply, demand, and dealer spreads. Major cities (Mumbai, Delhi, Bangalore) typically have tighter dealer spreads than smaller cities. Storage and transportation costs create regional variations. Import duties are national but local taxes vary. For MCX trading, prices are identical nationwide on 5paisa. For physical platinum purchases, expect price variations by location.
One can invest in MCX Platinum futures contracts through the 5paisa app. All you need to do is open a demat account, activate your commodity trading segment on the app and you're ready to start investing in MCX Platinum futures.
Catalytic converters in automobiles consume roughly 40% of platinum—converting harmful emissions to harmless gases. Electronics and electrical components—used in hard disk drives, LCD displays, thermocouples. Chemical industry—platinum catalysts enable industrial chemical synthesis. Jewelry—premium precious metal for rings, necklaces, bracelets due to durability and rarity. Dental applications—dental crowns and bridges use platinum alloys. Petroleum refining—catalytic processes use platinum. Glass manufacturing—high-temperature container materials. Hydrogen production—emerging demand from fuel cell development. Medical applications—laboratory and medical equipment. The diverse applications create genuine industrial demand beyond speculation, supporting prices. Automotive demand remains the largest single use.