Platinum Rate Today in Mumbai
Platinum value calculator · Mumbai
In Mumbai, platinum is about 70% 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 Mumbai on 27 Oct 2026, at ₹4,335 a gram, down ₹101/g from yesterday. Platinum moves on the national platinum rate, so Mumbai 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 ₹4,624–₹5,542 a gram.
Platinum rate by weight · Mumbai
| Weight | 999 Pure | 950 Platinum |
|---|---|---|
| 1 gram | ₹4,335 | ₹4,118 |
| 5 grams | ₹21,675 | ₹20,590 |
| 10 grams | ₹43,350 | ₹41,180 |
| 20 grams | ₹86,700 | ₹82,360 |
| 50 grams | ₹2,16,750 | ₹2,05,900 |
| 100 grams | ₹4,33,500 | ₹4,11,800 |
30-day trend · Mumbai
Platinum in Mumbai · last 10 days
| Date | Per g | 10 g |
|---|---|---|
| 27 Oct | ₹4,624 | ₹46,240 |
| 26 Oct | ₹4,725 | ₹47,250 |
| 23 Oct | ₹4,757 | ₹47,570 |
| 22 Oct | ₹4,800 | ₹48,000 |
| 21 Oct | ₹4,953 | ₹49,530 |
| 18 Oct | ₹4,965 | ₹49,650 |
| 17 Oct | ₹4,965 | ₹49,650 |
| 15 Oct | ₹4,884 | ₹48,840 |
| 14 Oct | ₹5,163 | ₹51,630 |
| 13 Oct | ₹5,163 | ₹51,630 |
Platinum rate in other cities · per gram
About platinum rates in Mumbai
Platinum vs gold in Mumbai
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 Mumbai tracks the all-India price closely.
Pure platinum vs 950 (PT950)
The rate above is near-pure 999 platinum. Jewellery in Mumbai is almost always 950 platinum (95%, hallmarked PT950) — about ₹4,118/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 Mumbai.
We update these rates daily from live global prices and today's rupee rate. They're for reference — confirm with your jeweller before buying.