Platinum Rate Today in Mumbai
Platinum value calculator · Mumbai
In Mumbai, platinum is about 62% 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 Mumbai on 10 Sep 2026, at ₹5,840 a gram, up ₹192/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 ₹5,230–₹5,781 a gram.
Platinum rate by weight · Mumbai
| Weight | 999 Pure | 950 Platinum |
|---|---|---|
| 1 gram | ₹5,840 | ₹5,548 |
| 5 grams | ₹29,200 | ₹27,740 |
| 10 grams | ₹58,400 | ₹55,480 |
| 20 grams | ₹1,16,800 | ₹1,10,960 |
| 50 grams | ₹2,92,000 | ₹2,77,400 |
| 100 grams | ₹5,84,000 | ₹5,54,800 |
30-day trend · Mumbai
Platinum in Mumbai · last 10 days
| Date | Per g | 10 g |
|---|---|---|
| 10 Sep | ₹5,760 | ₹57,600 |
| 08 Sep | ₹5,568 | ₹55,680 |
| 06 Sep | ₹5,513 | ₹55,130 |
| 05 Sep | ₹5,513 | ₹55,130 |
| 04 Sep | ₹5,379 | ₹53,790 |
| 03 Sep | ₹5,379 | ₹53,790 |
| 02 Sep | ₹5,253 | ₹52,530 |
| 01 Sep | ₹5,490 | ₹54,900 |
| 31 Aug | ₹5,515 | ₹55,150 |
| 30 Aug | ₹5,590 | ₹55,900 |
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 ₹5,548/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.