Platinum Price in India

🏙️ Platinum Price in Top Cities

💡 Platinum Price Trend in India – Last 10 Days

Over the past 10 days, platinum prices in India have experienced notable fluctuations, with both rises and declines. The price per gram dropped from ₹4,760 on October 14, 2025, to ₹4,322 on October 22, 2025, before rising to ₹4,577 on October 23, 2025, reflecting a dynamic market with both downward and upward movements.

There were brief surges on October 14, 17, and 21, when prices reached ₹4,760, ₹4,820, and ₹4,601 per gram, respectively. A significant dip occurred on October 18, followed by another decline on October 22, but the price recovered with a notable increase on October 23, further emphasizing the volatility of the platinum market during this period.

Nature of Platinum

1. Platinum is one of the elements in nature that is most stable chemically. Due to its high stability, it is called Noble metal.
2. It is immune to hydrochloric and nitric acids, but at high temperatures, aqua regia can dissolve it.
3. Platinum reacts with fluorine and oxygen, but only at extremely high temperatures.
4. Physically, platinum is a silver-coloured metal that is soft and lustrous.
5. It has a high boiling point and is very resistant to corrosion.

Factors Affecting Platinum Prices

The price of platinum is impacted by the following factors:

1. Industry Demand : One of the main factors influencing platinum price is industrial demand. Platinum is used extensively in the automotive industry, specifically for catalytic converters. Prices may be significantly impacted by any changes in the automotive industry or technological breakthroughs that change the demand for catalysts based on platinum.

1. Investment Demand : Platinum has drawn strong interest from investors due to its perceived value as a hedge against inflation and fluctuating currencies. Platinum prices can be influenced by shifts in investor sentiment and the need for precious metals as a safe haven.

1. Geopolitical Situation : Platinum prices can be influenced by trade agreements, political and economic stability, and relationships among major countries that produce and consume platinum. Price swings can result from supply constraints caused by trade tensions or disruptions in mining areas.

1. Currency Movements : Changes in the major exchange rates, especially the US dollar, have a significant impact on platinum prices. Because platinum is sold in US dollars worldwide, buyers paying in other currencies typically find it more costly, which could lower demand and have an impact on prices.

Difference Between Gold vs Platinum

Difference Between Platinum vs Silver