Platinum Prices In India: Not Gold Or Silver, Platinum Rate Jumps By 173%; Rs 50,000 Turns Rs 1,36,500 In 1Yr

Everyone is talking about the astonishing fresh record rallies in gold and silver prices globally including in India. But there is yet another precious metal, which is cheaper and skyrocketed by more than 173% in a year's time. This is none other than platinum prices in India. Platinum has surely outperformed both gold and silver and is available at an affordable price below Rs 70,000 per 10 grams. In a year, the appreciation in the platinum rate fetched fruitful gains to investors.

Platinum Prices In India:

On December 27, 10 grams platinum price rallied by Rs 4,320 to Rs 68,950, while 100 grams platinum rate skyrocketed by a whopping Rs 43,200 to Rs 6,89,500. Furthermore, 8 grams and 1 gram platinum are up by Rs 3,456 and Rs 432 to Rs 55,160 and Rs 6,895 respectively.

The price of 10 grams platinum is at Rs 68,950 in cities like Chennai, Mumbai, Kolkata, Bengaluru, Delhi, Delhi, Hyderabad and much more.

Just like gold and silver, platinum is also at its new record high. But in terms of percentage performance, platinum has seen stellar growth, which is far better than gold and silver.

For instance, 10 grams gold of 24 carat is up by 8.24% in December 2025, while silver outperforms gold with an upside of 33.51%. But, platinum beats both with a mind-boggling 41.5% surge.

A year ago, the price of platinum was merely at Rs 25,250 per 10 grams on December 28, 2024. Since then, platinum has recorded breathtaking upside of 173.06%. With this robust growth, platinum once again gives better returns to investors compared to gold and silver who have jumped by 81.4% and 133% respectively. On December 28, 2024, gold and silver stood at Rs 77,840 per 10 grams and at Rs 1,07,800 per 1Kg.

Platinum Rates: What Is Rs 50,000 Investment In 2024 Worth Now?

Example: If an investor had invested Rs 50,000 in platinum, they would have gotten 19.80 grams. At 173.07% gains, the Rs 50,000 investment will become Rs 1,36,500 as of December 27, 2025.

What Is Impacting Platinum Prices This Week?

As per Trading Economics data, platinum futures surged past $2,400 an ounce, setting a new record, as strong demand and limited supply lift prices. The metal has surged nearly 160% year-to-date, outpacing both gold and silver. Safe-haven buying has intensified amid escalating geopolitical tensions, including US sanctions and blockade measures on Venezuelan oil shipments, military strikes against Islamic State targets in Nigeria, and the ongoing Russia-Ukraine conflict. Industrial demand is also showing signs of recovery, bolstered by the EU's plans to ease the 2035 internal combustion engine ban. Chinese demand remains robust, and the recent introduction of platinum futures contracts on the GFE has further broadened market participation and liquidity.

It also added, supply constraints persist, with disruptions in South Africa expected to contribute to a third consecutive annual deficit of 692,000 ounces, while above-ground inventories have dwindled to five months of global consumption, the lowest level since 2020.

Platinum Price Outlook For 2026:

Earlier this month, Gregory Shearer, head of Base and Precious Metals Strategy at J.P. Morgan said, "Silver prices are forecast to rise toward $58/oz by the fourth quarter, averaging $56/oz for the full year, while platinum could continue to trade higher for longer next year before the gears of supply rebalancing gain momentum." He expects gold price to soar to $5,000/oz by the fourth quarter of 2026, averaging $4,753/oz for the full year.

Difference Between Platinum And Gold:

Here are key differences between platinum and gold, as per popular gems and jeweller Joyalukkas website:

Feature	Platinum	Gold
Composition	Pure metal, chemically inert, non-corrosive.	Pure metal is chemically inert, non-corrosive.
Appearance	Naturally white, lustrous, silvery white.	Naturally yellow, bright, warm.
Purity	Typically 90-95% pure in jewellery (e.g., Pt950).	Often alloyed; 14K (58.3%), 18K (75%) pure.
Rarity	Extremely rare (30x rarer than gold).	Rare, but more abundant than platinum.
Density	Very dense, feels significantly heavier.	Dense, but lighter than platinum.
Durability	Highly durable, resistant to wear & tear, holds shape well.	Durable, but softer than platinum, prone to scratches.
Maintenance	Low maintenance, easy to clean.	Requires polishing to restore shine.
Value retention	Holds value well due to rarity and purity.	Strong historical value retention.
Ideal Use	Engagement rings, daily wear, fine jewellery, secure settings.	Fashion jewellery, investment, and everyday wear.

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