Platinum Rate Today in Madurai
Platinum value calculator · Madurai
In Madurai, platinum is about 66% 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 rose in Madurai on 10 Sep 2026, at ₹5,170 a gram, up ₹192/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 ₹5,248–₹5,799 a gram.
Platinum rate by weight · Madurai
| Weight | 999 Pure | 950 Platinum |
|---|---|---|
| 1 gram | ₹5,170 | ₹4,912 |
| 5 grams | ₹25,850 | ₹24,560 |
| 10 grams | ₹51,700 | ₹49,120 |
| 20 grams | ₹1,03,400 | ₹98,240 |
| 50 grams | ₹2,58,500 | ₹2,45,600 |
| 100 grams | ₹5,17,000 | ₹4,91,200 |
30-day trend · Madurai
Platinum in Madurai · last 10 days
| Date | Per g | 10 g |
|---|---|---|
| 10 Sep | ₹5,778 | ₹57,780 |
| 08 Sep | ₹5,586 | ₹55,860 |
| 06 Sep | ₹5,531 | ₹55,310 |
| 05 Sep | ₹5,531 | ₹55,310 |
| 04 Sep | ₹5,397 | ₹53,970 |
| 03 Sep | ₹5,397 | ₹53,970 |
| 02 Sep | ₹5,271 | ₹52,710 |
| 01 Sep | ₹5,508 | ₹55,080 |
| 31 Aug | ₹5,533 | ₹55,330 |
| 30 Aug | ₹5,608 | ₹56,080 |
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 ₹4,912/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.