Platinum Price

Platinum Price Today in Gujarat

Platinum Rate in Gujarat– 20 September, 2025

Platinum /gPlatinum /10g
₹3,928₹39,280

DatePrice per Gram (INR)
March 4, 20252,674
March 2, 20252,651
March 1, 20252,651
February 28, 20252,654
February 27, 20252,689
February 26, 20252,697
February 24, 20252,712
February 22, 20252,700
February 20, 20252,720
February 19, 20252,720
February 18, 20252,720
February 17, 20252,720
February 16, 20252,720
February 15, 20252,720
February 14, 20252,720
February 13, 20252,788
February 12, 20252,788
February 11, 20252,788
February 10, 20252,788
February 9, 20252,788

History of Platinum in India

Platinum has had a relatively recent but growing presence in India. Unlike gold and silver, which have been traditionally used for centuries, platinum was introduced in India mainly in the late 20th century and gained popularity in the 21st century. Below is a brief historical overview:

1. Early Use and Introduction in India

  • Unlike in Western countries where platinum was discovered in the 18th century, India had little historical association with the metal.
  • Platinum was first introduced to the Indian market mainly through the jewelry sector in the late 1990s and early 2000s.
  • The metal was initially marketed as a premium luxury alternative to gold and white gold.

2. Rise in Popularity (2000s – Present)

  • 2000s: The demand for platinum grew as Indian jewelers and luxury brands began promoting it, particularly for wedding jewelry, engagement rings, and men’s accessories.
  • 2010s: Increased marketing campaigns and the establishment of the Platinum Guild International (PGI) in India helped boost awareness and adoption.
  • 2020s: Platinum saw significant interest due to its rarity and association with exclusivity, particularly among the younger generation.

3. Industrial Use in India

  • Platinum is not just used for jewelry but also has industrial applications, especially in:
    • Automobile Industry: Platinum is a key component in catalytic converters for reducing vehicle emissions.
    • Electronics: Used in high-end electrical and electronic equipment.
    • Medical Industry: Used in medical instruments, pacemakers, and cancer treatments.

4. Investment and Market Trends

  • Although not as popular as gold, platinum has emerged as an investment option in India.
  • The price of platinum fluctuates based on global supply and demand, as it is rarer than gold.
  • Platinum ETFs and bullion investments have become more common in recent years.

5. Challenges and Future Prospects

  • Awareness: Platinum still lags behind gold and silver in traditional Indian investments.
  • Price Volatility: The price of platinum is influenced by international factors, making it less stable than gold.
  • Sustainability: With the shift towards electric vehicles, which do not require platinum-based catalytic converters, future demand could shift towards other applications.