Platinum Rates In India! GOLD Is Not Multibagger, But This Precious Metal Quietly Gives 160% Returns In 1-Year

Platinum rates in India took a U-turn on January 20, unlike gold and silver prices continues historic rally. Platinum is cheaper than gold, and its performance has been quite interesting over the past few days. But that has not stopped platinum from outperforming gold. In a span of 1-year, platinum quietly gives over 160% returns at the current market price. While gold has only risen by over 81%.

Platinum Rates In India:

On January 20, platinum prices decided to unfollow the record rally of gold and silver. 100 grams platinum plunged by Rs 1,600 to Rs 6,83,200, while 10 grams platinum dropped by Rs 160 to Rs 68,320. Also, 8 grams platinum was down by Rs 128 to Rs 54,656 and 1 gram platinum corrected by Rs 16 to Rs 6,832.

For starters, platinum is nearly half of what is gold right now.

Gold Rates In India:

For instance, on Tuesday, 100 grams gold price skyrocketed by Rs 10,400 to hit new record of Rs 14,72,800. The case was same in 10 grams who climbed by Rs 1,040 to touch new peak of Rs 1,47,280 in 24 carat .

But here's the catch! Despite being at new all-time high, gold prices has surged by over 9% in January 2026 so far. Platinum beats gold with over 14% gains despite being away from its record high level of Rs 70,140 per 10 grams which was recorded on January 14.

And this is just January 2026. In 1-year performance, platinum becomes a multi-bagger but not gold.

Gold vs Platinum Returns:

Platinum price:

A year ago, platinum rate stood at Rs 26,240 on January 21, 2025. From this level till now, the performance has been strong in platinum so much so that this precious metal has given impressive 160.4% returns as of January 20, 2026. From its record high level, the returns were even stupendous by more than 167% in India.

On the international market, platinum prices rally by around 150% in a year.

This makes platinum a multibagger.

Gold Price:

On the other hand, gold stood at Rs 81,230 per 10 grams in 24 carat on January 21, 2025. From this level, gold has soared by 81.3% as of January 21, 2026. Currently, gold is at new record.

In international market, spot gold surged by nearly 72% in a year.

Hence, gold is still shy from being a multibagger.

What Is Driving Platinum Prices?

Platinum futures traded volatile and around $2,375 per ounce level. This is still near their record levels as US-European Union's tension mount.

According to Trading Economics, heightened US-Europe tensions over President Trump's threats to acquire Greenland boosted safe-haven demand for precious metals. Trump has threatened tariffs of 10% on eight European countries starting February 1, potentially rising to 25% in June unless the US can secure Greenland, while Denmark is increasing its military presence on the island.

The Trading Economics data added, markets now await Europe's response as leaders prepare for an emergency summit Thursday, weighing potential retaliation. Analysts warned that Europe holds around $10 trillion worth of US bonds and stocks, some of which sit with public sector funds, that could be weaponized in this latest trade war. Meanwhile, platinum has seen volatility in recent sessions after Trump opted for now against imposing tariffs on critical minerals, such as platinum, instead ordering his administration to seek supplies from international trading partners.

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