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Platinum Rate in Delhi (26th November 2022)

Nov 26, 2022
2,574 /Gram -21

Platinum is highly valuable and accounts for a major precious metal commodity. It is one of the least reactive metals and has a remarkable resistance to rust (corrosion), even at high degree temperatures, hence it is called a noble metal. The platinum metal has found its usage in several areas be it as a catalytic converter, electrical contacts dentistry equipment laboratory equipment, electrodes, platinum resistance thermometers, jewellery and so on. 

Platinum is a heavy metal and upon exposures to its salts, it leads to health problems. The metal has resistance towards corrosion and hence metallic platinum has not been linked to adverse health effects. 

Today Platinum Price Per Gram in Delhi (INR)

Gram Platinum Rate
Today
Platinum Rate
Yesterday
Daily Price Change
1 gram 2,574 2,595 -21
8 gram 20,592 20,760 -168
10 gram 25,740 25,950 -210
100 gram 2,57,400 2,59,500 -2,100

Platinum Rate in Delhi for Last 10 Days

Date 1 gram 10 gram 100 gram
Nov 26, 2022 2,574.00 25,740.00 2,57,400.00 -21
Nov 25, 2022 2,595.00 25,950.00 2,59,500.00 -22
Nov 24, 2022 2,617.00 26,170.00 2,61,700.00 9
Nov 23, 2022 2,608.00 26,080.00 2,60,800.00 1
Nov 22, 2022 2,607.00 26,070.00 2,60,700.00 49
Nov 21, 2022 2,558.00 25,580.00 2,55,800.00 -9
Nov 20, 2022 2,567.00 25,670.00 2,56,700.00 0
Nov 19, 2022 2,567.00 25,670.00 2,56,700.00 -9
Nov 18, 2022 2,576.00 25,760.00 2,57,600.00 -41
Nov 17, 2022 2,617.00 26,170.00 2,61,700.00 -31

Weekly & Monthly Graph of Platinum Price in India

Historical Price of Platinum Rate in Delhi

  • Platinum Price Movement in Delhi, October 2022
  • Platinum Rates 1 gram
    1 st October rate Rs.2,251
    31st October rate Rs.2,486
    Highest rate in October Rs.2,548 on October 28
    Lowest rate in October Rs.2,251 on October 1
    Over all performance Rising
    % Change +10.44%
  • Platinum Price Movement in Delhi, September 2022
  • Platinum Price Movement in Delhi, August 2022
  • Platinum Price Movement in Delhi, July 2022
  • Platinum Price Movement in Delhi, June 2022
  • Platinum Price Movement in Delhi, May 2022

About Platinum

One of the most reactive metals is platinum. Also, at high temperatures, it has impressive strength to corrosion, and is thus deemed a precious metal. Subsequently, as native platinum, platinum is often discovered chemically uncombined. As it appears naturally in the alluvial beds of multiple rivers. Pure platinum is a silver-white metal which is luxuriant, brittle, and malleable. Platinum, which is the most brittle of pure metals, is more tensile than gold, silver or copper, but less malleable than gold. The metal has outstanding ability to corrosion, is robust and has stable electrical properties at high temperatures.

Platinum is a member of the platinum group of elements. It has six naturally occurring isotopes. It is one of those rarer elements of metals found on the earth’s crust. Sometimes it can be found on copper and nickel ores along with the native deposits in South Africa. Around 80% of the world’s platinum production happens in South Africa. Due to its scarcity, only a few hundred tonnes are produced every year. 

Over the last few years, the value of platinum in jewellery markets has witnessed phenomenal growth.  

Platinum Jewellery in India

Platinum jewelry in India has occupied distinctive space amongst several other metals used for making ornaments. The affluent urban youth in India are leaning more towards the usage of platinum jewelry. A rare metal, the silvery-white metal is meeting the needs of various segments of customers.

Its unique properties include a rarity. Platinum can withstand daily wear without thinning. Furthermore, the metal is entirely pure. At a purity of 95%, it can be set with diamonds. In today's market, platinum is one of the most enduring, robust metals available for the modern generation. The distinctive design philosophy of the metal not only makes each metal unique, but its minimalistic story also makes many people go for the purchase of jewelry.

According to the reports from Platinum Guild International (PGI), Millenials are predominantly looking to build their value and self-affirmation by purchasing more platinum-based ornaments. There is a growing willingness to spend on the precious ornaments and this sentiment offers them an ideal opportunity to reinforce the power of platinum as a metal to build and uplift life. The report further reveals that 66% of customers prefer to buy something which maintains value and 64% of the urban youth want to buy personally meaningful articles that give them a distinct advantage over other categories of metals.

In the case of platinum, the jewelry has a differentiated philosophy based on a contemporary and minimalistic which speaks the minds of the youth.

Platinum is one of the rare metals found on the earth's surface. Its rare availability and strong durability have made it one of the highly-priced metals. It is rare than gold and is considered a gift from the heavens. The metal can be found in a few regions across the globe, including Russia and South Africa. The silvery-white metal can be found in heavy concentrations in meteorites.

Off lately, the young generation is preferring the platinum metal for engagement rings, wedding rings. The highly durable and less maintenance work involved with this metal has made many youngsters go for it, despite its sky-high prices.

Why is Platinum very expensive?

Platinum is a light silvery-white metal. It is harder than gold and silver. It is more expensive due to its rarity and it is used in the manufacture of several products. Around two-thirds of the supply of platinum comes from South Africa and Russia accounts for the second-largest supplier of platinum. One can find a few mines of platinum in North America.

Platinum jewellery is being made since the 1800s. Few countries like Australia, China, and Canada are minting pure platinum coins. The non-tarnish nature of metal has made it popular in jewellery. The platinum does not get tarnished with its exposure to air or water. Its silvery-white colour resistance to corrosion makes it one of the rarest metals. Yet the metal can dissolve in acids. It is useful for those who have sensitive skin. The best examples of platinum are the Hope Diamond and the Star of Africa.

Investing in Platinum

Investment has seen an array of changes over a while. Earlier people used to invest in land and buildings, then they slowly moved to invest in gold, jewellery, silver, vehicles, stock markets, and so on. Now, people have started investing in platinum. Few nations create pure platinum coins and nowadays even platinum bars are also available. Yet the supply and demand for this metal are tight.

The amount of platinum available on this earth is less compared to gold and silver. Platinum is usually found in mixed veins while mining, often near palladium or gold.

If in case mining of platinum is stopped, the supplies for the metal would last only for a few years. There are usually no stockpiles of platinum, unlike other precious metals.


Manufacturing

Platinum is used in over 20 per cent of manufactured products. Platinum has found its usage in manufacturing industry since 1800s. In the automotive industry, silvery-white metal is used as an exhaust catalyst to convert emissions into non-toxic substances. Its properties of resistance to corrosion make it well suited for use in technology industries. It has a melting point of 3215 degrees and is a good conductor of electricity.

A list of few products which contain platinum is gasoline, cancer-treating medicines, lasers, chemicals, fertilizers, paints, refrigerators, spark plugs, and explosives.

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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