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Trusted by 1L+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
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Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below
Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Trusted by 3 Crore+ Indians
Want to Achieve any of the below Goals upto 80% faster?
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
Platinum Price in India 2024
Platinum Price in India 2024
Jun 22, 2024
15 Mins
Platinum is a silver-white metal, known for being more ductile than copper, gold, and silver. Its chemical stability and physical properties make it a valuable material in various industrial applications.
Updated On - 22 Jun 2024
Platinum is also popular in jewelry due to its resistance to tarnish and wear. In India, platinum prices are consistent across all cities and are updated daily.
Today's Platinum Price in India
₹ 3,564 Per Gram
Historical Platinum Price Trend in India
Platinum is generally less expensive than most precious metals. From 2018 to 2023, the prices of platinum in India have fluctuated. The prices increased from 2018 to 2021, dropped in 2022, and have risen again this year.
Year | Platinum Price Per Gram
2018 | ₹ 2,101
2019 | ₹ 2,273
2020 | ₹ 2,573
2021 | ₹ 3,053
2022 | ₹ 2,876
2023 | ₹ 2,940
2024 (Till Today) | ₹ 2,534
Platinum is extensively used in catalytic converters. Historically, it was thought to be a mix of silver and gold. In South America, indigenous tribes used platinum for making nose rings, and in the 1800s, people began using it for jewelry. In Russia, platinum was used as currency, and coins were minted from it.
Platinum Price in Top Cities
Check today's Platinum Rate in top cities in India below:
City | Platinum Price Per Gram | Platinum Price Per 10 Gram
Bangalore | ₹ 3,564 | ₹ 35,640
Chennai | ₹ 3,564 | ₹ 35,640
Hyderabad | ₹ 3,564 | ₹ 35,640
Kolkata | ₹ 3,564 | ₹ 35,640
Mumbai | ₹ 3,564 | ₹ 35,640
Pune | ₹ 3,564 | ₹ 35,640
Lucknow | ₹ 3,564 | ₹ 35,640
Ahmedabad | ₹ 3,564 | ₹ 35,640
Jaipur | ₹ 3,564 | ₹ 35,640
Kerala | ₹ 3,564 | ₹ 35,640
Karnataka | ₹ 3,564 | ₹ 35,640
Guwahati | ₹ 3,564 | ₹ 35,640
Patna | ₹ 3,564 | ₹ 35,640
Vadodara | ₹ 3,564 | ₹ 35,640
Rajkot | ₹ 3,564 | ₹ 35,640
Coimbatore | ₹ 3,564 | ₹ 35,640
Bhubaneswar | ₹ 3,564 | ₹ 35,640
Nagpur | ₹ 3,564 | ₹ 35,640
Surat | ₹ 3,564 | ₹ 35,640
Vijayawada | ₹ 3,564 | ₹ 35,640
Nashik | ₹ 3,564 | ₹ 35,640
Trend of Platinum Price in India for May 2024 (Per Gram)
1 May Price: Rs. 2,503
31 May Price: Rs. 2,735
Highest Price in May: Rs. 2,916 on 20 May
Lowest Price in May: Rs. 2,503 on 1 May
Performance: Incline
Change in Percentage: 9.27%
Nature of Platinum Platinum is one of the most chemically stable elements, earning it the name "noble metal." It is resistant to hydrochloric and nitric acids but can be dissolved in aqua regia at high temperatures. Platinum reacts with fluorine and oxygen only at very high temperatures. Physically, it is a silver-colored metal that is soft, lustrous, and highly resistant to corrosion.
Factors Affecting Platinum Prices
The price of platinum is influenced by several factors:
Industry Demand: Platinum is extensively used in the automotive industry, especially for catalytic converters. Any changes in the industry or technological advancements that affect the demand for platinum can impact its price.
Investment Demand: Investors view platinum as a hedge against inflation and currency fluctuations, affecting its demand and price.
Geopolitical Situation: Trade agreements, political stability, and relations between major platinum-producing and consuming countries can cause price fluctuations.
Currency Movements: Changes in major exchange rates, especially the US dollar, significantly impact platinum prices since it is globally traded in US dollars.
Difference Between Gold and Platinum
Category | Platinum | Gold
Color: White | Yellow
Weight: Heavier than gold | Lighter than platinum
Scratches: Easily | Does not scratch easily
Appearance: Longer-lasting than gold | Shorter-lasting than platinum
Durability: High | Lower compared to platinum
Maintenance: Low | Higher than platinum
Value: More valuable | Less valuable compared to platinum
Difference Between Platinum and Silver
Category | Silver | Platinum
Durability: Silver tarnishes easily and wears down rapidly | Platinum requires significant heat to change due to its high melting point
Price: More affordable compared to platinum | One of the costliest metals due to its rarity and durability
Skin Reaction: Silver alloys may contain other metals that can irritate the skin | Platinum is naturally hypoallergenic and will not irritate the skin
Maintenance: Silver requires regular polishing to prevent tarnishing | Platinum jewelry requires less maintenance
Platinum is a silver-white metal, known for being more ductile than copper, gold, and silver. Its chemical stability and physical properties make it a valuable material in various industrial applications.
Updated On - 22 Jun 2024
Platinum is also popular in jewelry due to its resistance to tarnish and wear. In India, platinum prices are consistent across all cities and are updated daily.
Today's Platinum Price in India
₹ 3,564 Per Gram
Historical Platinum Price Trend in India
Platinum is generally less expensive than most precious metals. From 2018 to 2023, the prices of platinum in India have fluctuated. The prices increased from 2018 to 2021, dropped in 2022, and have risen again this year.
Year | Platinum Price Per Gram
2018 | ₹ 2,101
2019 | ₹ 2,273
2020 | ₹ 2,573
2021 | ₹ 3,053
2022 | ₹ 2,876
2023 | ₹ 2,940
2024 (Till Today) | ₹ 2,534
Platinum is extensively used in catalytic converters. Historically, it was thought to be a mix of silver and gold. In South America, indigenous tribes used platinum for making nose rings, and in the 1800s, people began using it for jewelry. In Russia, platinum was used as currency, and coins were minted from it.
Platinum Price in Top Cities
Check today's Platinum Rate in top cities in India below:
City | Platinum Price Per Gram | Platinum Price Per 10 Gram
Bangalore | ₹ 3,564 | ₹ 35,640
Chennai | ₹ 3,564 | ₹ 35,640
Hyderabad | ₹ 3,564 | ₹ 35,640
Kolkata | ₹ 3,564 | ₹ 35,640
Mumbai | ₹ 3,564 | ₹ 35,640
Pune | ₹ 3,564 | ₹ 35,640
Lucknow | ₹ 3,564 | ₹ 35,640
Ahmedabad | ₹ 3,564 | ₹ 35,640
Jaipur | ₹ 3,564 | ₹ 35,640
Kerala | ₹ 3,564 | ₹ 35,640
Karnataka | ₹ 3,564 | ₹ 35,640
Guwahati | ₹ 3,564 | ₹ 35,640
Patna | ₹ 3,564 | ₹ 35,640
Vadodara | ₹ 3,564 | ₹ 35,640
Rajkot | ₹ 3,564 | ₹ 35,640
Coimbatore | ₹ 3,564 | ₹ 35,640
Bhubaneswar | ₹ 3,564 | ₹ 35,640
Nagpur | ₹ 3,564 | ₹ 35,640
Surat | ₹ 3,564 | ₹ 35,640
Vijayawada | ₹ 3,564 | ₹ 35,640
Nashik | ₹ 3,564 | ₹ 35,640
Trend of Platinum Price in India for May 2024 (Per Gram)
1 May Price: Rs. 2,503
31 May Price: Rs. 2,735
Highest Price in May: Rs. 2,916 on 20 May
Lowest Price in May: Rs. 2,503 on 1 May
Performance: Incline
Change in Percentage: 9.27%
Nature of Platinum Platinum is one of the most chemically stable elements, earning it the name "noble metal." It is resistant to hydrochloric and nitric acids but can be dissolved in aqua regia at high temperatures. Platinum reacts with fluorine and oxygen only at very high temperatures. Physically, it is a silver-colored metal that is soft, lustrous, and highly resistant to corrosion.
Factors Affecting Platinum Prices
The price of platinum is influenced by several factors:
Industry Demand: Platinum is extensively used in the automotive industry, especially for catalytic converters. Any changes in the industry or technological advancements that affect the demand for platinum can impact its price.
Investment Demand: Investors view platinum as a hedge against inflation and currency fluctuations, affecting its demand and price.
Geopolitical Situation: Trade agreements, political stability, and relations between major platinum-producing and consuming countries can cause price fluctuations.
Currency Movements: Changes in major exchange rates, especially the US dollar, significantly impact platinum prices since it is globally traded in US dollars.
Difference Between Gold and Platinum
Category | Platinum | Gold
Color: White | Yellow
Weight: Heavier than gold | Lighter than platinum
Scratches: Easily | Does not scratch easily
Appearance: Longer-lasting than gold | Shorter-lasting than platinum
Durability: High | Lower compared to platinum
Maintenance: Low | Higher than platinum
Value: More valuable | Less valuable compared to platinum
Difference Between Platinum and Silver
Category | Silver | Platinum
Durability: Silver tarnishes easily and wears down rapidly | Platinum requires significant heat to change due to its high melting point
Price: More affordable compared to platinum | One of the costliest metals due to its rarity and durability
Skin Reaction: Silver alloys may contain other metals that can irritate the skin | Platinum is naturally hypoallergenic and will not irritate the skin
Maintenance: Silver requires regular polishing to prevent tarnishing | Platinum jewelry requires less maintenance
Author
Pluto Team
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