Platinum Rate Today in Madurai
Platinum value calculator · Madurai
In Madurai, platinum is about 69% cheaper per gram than 24K gold today. But platinum is denser, so the same ring weighs more — and resale and buyback are far more limited than gold. It's chosen for durability and its naturally white, hypoallergenic finish.
Platinum eased in Madurai on 26 Oct 2026, at ₹4,450 a gram, down ₹32/g from yesterday. Platinum moves on the national platinum rate, so Madurai closely tracks the all-India price. Per gram it's cheaper than gold, but a platinum piece weighs more than the same gold design because platinum is denser. Over the past month it has ranged ₹4,743–₹5,778 a gram.
Platinum rate by weight · Madurai
| Weight | 999 Pure | 950 Platinum |
|---|---|---|
| 1 gram | ₹4,450 | ₹4,228 |
| 5 grams | ₹22,250 | ₹21,140 |
| 10 grams | ₹44,500 | ₹42,280 |
| 20 grams | ₹89,000 | ₹84,560 |
| 50 grams | ₹2,22,500 | ₹2,11,400 |
| 100 grams | ₹4,45,000 | ₹4,22,800 |
30-day trend · Madurai
Platinum in Madurai · last 10 days
| Date | Per g | 10 g |
|---|---|---|
| 26 Oct | ₹4,743 | ₹47,430 |
| 23 Oct | ₹4,775 | ₹47,750 |
| 22 Oct | ₹4,818 | ₹48,180 |
| 21 Oct | ₹4,971 | ₹49,710 |
| 18 Oct | ₹4,983 | ₹49,830 |
| 17 Oct | ₹4,983 | ₹49,830 |
| 15 Oct | ₹4,902 | ₹49,020 |
| 14 Oct | ₹5,181 | ₹51,810 |
| 13 Oct | ₹5,181 | ₹51,810 |
| 07 Oct | ₹5,256 | ₹52,560 |
Platinum rate in other cities · per gram
About platinum rates in Madurai
Platinum vs gold in Madurai
Per gram, platinum often sits below 24K gold, which surprises people given it's rarer. The reason is demand: far less platinum is bought as a store of value, so its price leans on jewellery and industrial use. Platinum is also about 10% denser than gold, so the same design weighs more — narrowing the gap on a finished piece. Platinum is a national rate, so Madurai tracks the all-India price closely.
Pure platinum vs 950 (PT950)
The rate above is near-pure 999 platinum. Jewellery in Madurai is almost always 950 platinum (95%, hallmarked PT950) — about ₹4,228/g today. Platinum is naturally white, hard-wearing and hypoallergenic, which is why it's popular for rings.
What you'll actually pay
The rate is only the metal. Add making charges — often higher than gold because platinum is harder to work — plus 3% GST. Use the calculator above to estimate the all-in cost in Madurai.
We update these rates daily from live global prices and today's rupee rate. They're for reference — confirm with your jeweller before buying.