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Platinum Price in India (24th July 2021)

Jul 24, 2021
2,525 /Gram -39


Today Platinum Price Per Gram in India (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,525 2,564 -39
8 gram 20,200 20,512 -312
10 gram 25,250 25,640 -390
100 gram 2,52,500 2,56,400 -3,900

Indian Major Cities Platinum Rates Today

City 1 gram 10 gram 100 gram
Ahmedabad 2,525 25,250 2,52,500
Bangalore 2,525 25,250 2,52,500
Bhubaneswar 2,525 25,250 2,52,500
Chandigarh 2,525 25,250 2,52,500
Chennai 2,525 25,250 2,52,500
Delhi 2,525 25,250 2,52,500
Hyderabad 2,525 25,250 2,52,500
Kerala 2,525 25,250 2,52,500
Kolkata 2,525 25,250 2,52,500
Lucknow 2,525 25,250 2,52,500
Mumbai 2,525 25,250 2,52,500
Visakhapatnam 2,525 25,250 2,52,500

Platinum Rate in India for Last 10 Days

Date 1 gram 10 gram 100 gram
Jul 24, 2021 2,525.00 25,250.00 2,52,500.00 -3900
Jul 23, 2021 2,564.00 25,640.00 2,56,400.00 -800
Jul 22, 2021 2,572.00 25,720.00 2,57,200.00 1300
Jul 21, 2021 2,559.00 25,590.00 2,55,900.00 -1300
Jul 20, 2021 2,572.00 25,720.00 2,57,200.00 -1100
Jul 19, 2021 2,583.00 25,830.00 2,58,300.00 -4200
Jul 18, 2021 2,625.00 26,250.00 2,62,500.00 -200
Jul 17, 2021 2,627.00 26,270.00 2,62,700.00 -6000
Jul 16, 2021 2,687.00 26,870.00 2,68,700.00 -2200
Jul 15, 2021 2,709.00 27,090.00 2,70,900.00 1300

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate

  • Platinum Price Movement in June 2021
  • Platinum Rates 1 gram
    1 st June rate Rs.2,760
    30th June rate Rs.2,517
    Highest rate in June Rs.2,765 on June 2
    Lowest rate in June Rs.2,455 on June 19
    Over all performance Falling
    % Change -8.80%
  • Platinum Price Movement in May 2021
  • Platinum Price Movement in April 2021
  • Platinum Price Movement in March 2021
  • Platinum Price Movement in February 2021
  • Platinum Price Movement in January 2021

An old going says that jewellery helps in enhancing an individual’s beauty. Apart from uplifting the beauty of the person jewellery also symbolizes, power, wealth and status. For some people, jewellery is a part of customs, traditions and culture and for others, it is a form of art for creativity and self-expression. On a whole, jewellery indeed plays significant roles in almost everyone’s life in one way or the other. 

Indians have a deep connection with jewellery as the country is known for its affinity towards gold metal. During earlier days gold and silver were the prominent metals used to craft jewellery pieces. Of lately, with the advancement of technology and diversification of the usage of metals, Platinum is making indoors in jewellery markets globally. 

But the rarity of the metal has given an edge for the advertisers to tag the metal as exclusive and associate it with wealth. Platinum is considered a precious metal in line with gold and silver though it has not found as common as the later ones. 

Despite being less popular the Platinum metal has created its niche market and customers with the evolving generation. 

Physical Properties of Platinum

The pure form of platinum is lustrous, malleable and ductile. The silver-white metal is more ductile when compared with silver, gold and copper. The platinum metal is less malleable than gold. It has excellent corrosion resistance and is stable at high temperature. It also has stable electrical properties. 

Due to its physical characteristics and chemical stability, platinum has found a place in industrial applications. Its resistance to wear and tarnish has made it suitable for its usage in the making of fine jewellery. 

Platinum is insoluble in nitric acid and hydrochloric. But it dissolves in hot aqua regia to form chloroplatinic acid. 

The atomic symbol of Platinum is Pt. It is a transition metal and carries an atomic number of 78. The density of platinum is 21.45 grams/centimetre (cube). The melting point of platinum is 3214.9-degree Fahrenheit (1768.3). The metal has a boiling point of 6917 degrees Fahrenheit. 

The metal’s silver-like appearance has quickly made it a valued commodity amongst the wealthy who prefer to wear jewellery made up from the latest precious metal. 

History of Platinum Metal

An alloy of the platinum group of metals was used for decorating the Casket of Thebes, an Egyptian tomb dated back to about 700 BC. Apart from this pre-Columbian South Americans made ornaments using gold and platinum alloys. 

As per the records, Spanish conquistadors were the first Europeans to come across the metal though they mistook it for silver due to its similar appearance. They referred to the metal as Platina – a version of Plata which is the Spanish word for Silver metal or Platina del Pinto as it was discovered in the sands located along the banks of the Pinto river presently in Columbia. 

Large platinum deposits can be found in Tamil Nadu state in India. It has its presence in higher abundances on the Moon and meteorites. The metal can be found in slightly higher abundances at sites of bolide impact on Earth which are associated due to post-impact of the volcano. Platinum can be mined economically from the earth. 

It is one of the extremely rare metal and occurs at a concentration of only 0.005ppm in the earth’s crust. Sometimes, it is mistaken for Silver which has the same appearance. 

Platinum is often chemically uncombined as native platinum and as an alloy with other platinum group metals and as iron mostly. 

Characters of Platinum 

Due to its several useful properties, platinum has found its usage in a wide range of industries.

Platinum is one of the densest metal elements which is almost twice as dense as lead. It is a very stable, good conductor of electricity, thus giving the metal an excellent corrosion resistance property. 

Platinum is also malleable (able to be formed without breaking) and ductile (able to be deformed without losing its strength). It is considered a biologically compatible metal due to its non-toxic and stable nature.

A study conducted on platinum metal reveals that it does not react with or negatively impact the body tissues. The recent research reveals that platinum can inhibit the growth of certain cancerous cells providing a needed breakthrough to cure the patients affected with the chronic disease. 

Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious platinum. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on platinum information provided. Platinum rates are the futures rates across all cities in India and hence there maybe price variation.

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