Platinum prices recorded a modest rise in the bullion market on February 26, offering fresh momentum to the precious metal segment. According to the latest market data, the price of platinum increased compared to the previous trading session, reflecting steady demand trends across key urban centres.
On Wednesday, the price of 1 gram of platinum in Delhi stood at ₹6,519. By Thursday, February 26, the rate climbed to ₹6,680 per gram. This marks a noticeable uptick in day-to-day trading. For bulk buyers and jewellery enthusiasts, the cost of 10 grams of platinum is now ₹66,800.
Market data indicates that platinum prices remained largely uniform across most major cities. In Delhi, Mumbai, Ahmedabad, Chennai, Kolkata, Hyderabad, Jaipur, Bhopal, Lucknow, Chandigarh, Indore, Surat, Nagpur and Raipur, the price of platinum was recorded at ₹6,680 per gram and ₹66,800 per 10 grams.
The uniformity in pricing reflects stable bullion market conditions and consistent supply chains. Unlike commodities that experience sharp regional fluctuations, platinum rates tend to mirror broader national and global market movements.
As gold prices continue to remain elevated, platinum is increasingly attracting buyers seeking alternatives in the precious metals segment. Currently, the price of 10 grams of gold stands significantly higher at around ₹1,60,000, making platinum comparatively more affordable at ₹66,800 for the same quantity.
This price gap has encouraged consumers to explore platinum jewellery as both a style statement and a potential investment. Industry observers note that many buyers are now choosing platinum alongside gold rather than treating it as a secondary option.
Platinum jewellery is widely appreciated for its elegant appearance, durability and naturally white sheen. Unlike white gold, which requires periodic rhodium plating, platinum retains its colour over time, making it a preferred choice for engagement rings and premium ornaments.
A common question among buyers is whether platinum offers resale value similar to gold. Market experts confirm that platinum does carry resale value, though it may differ slightly depending on purity, market conditions and jeweller policies.
Like gold, platinum prices are influenced by global demand, industrial usage and international supply dynamics. Therefore, investors and buyers are advised to monitor market trends before making large purchases.
It is also important to note that making charges and design intricacies can impact the final resale amount of platinum jewellery. Buyers planning long-term investment should consider opting for simpler designs with clear purity certifications.
Platinum prices are affected by a combination of domestic demand and international market trends. The metal has significant industrial applications, particularly in the automotive sector for catalytic converters, which can influence global demand patterns.
Additionally, currency fluctuations and global economic developments also play a role in determining daily bullion rates. Investors typically track international commodity exchanges to anticipate price movements.
With prices witnessing a mild upward trend on February 26, potential buyers may evaluate their purchase plans carefully. While short-term fluctuations are common in bullion markets, platinum continues to gain traction as a premium yet comparatively affordable precious metal.
For those planning to purchase platinum jewellery, checking daily rates and comparing making charges across retailers can help in making a cost-effective decision.
As always, buyers are encouraged to verify purity certifications and request detailed invoices at the time of purchase.
Platinum’s steady demand, attractive pricing compared to gold, and strong resale potential continue to make it a noteworthy option in the precious metals market.
