Platinum prices witnessed a slight decline on Friday, March 20, 2026, coinciding with the second day of Navratri. The precious metal has become marginally cheaper compared to the previous day, offering an attractive buying opportunity for consumers exploring alternatives to gold.

Platinum Becomes Cheaper Today

As per the latest market update, platinum prices have dropped by nearly ₹420 per 10 grams. In Delhi, the price of platinum is currently around ₹6,022 per gram, which translates to approximately ₹60,220 per 10 grams.

Across most cities in India, platinum rates remain largely uniform, with only minor variations due to local market conditions.

Latest Platinum Rates in Major Cities (March 20, 2026)

Here’s a quick snapshot of platinum prices across key cities:

• Delhi: ₹6,022 per gram | ₹60,220 per 10 grams

• Mumbai: ₹6,064 per gram | ₹60,220 per 10 grams

• Ahmedabad: ₹6,064 per gram | ₹60,220 per 10 grams

• Chennai: ₹6,064 per gram | ₹60,220 per 10 grams

• Kolkata: ₹6,064 per gram | ₹60,220 per 10 grams

• Hyderabad: ₹6,064 per gram | ₹60,220 per 10 grams

• Jaipur: ₹6,064 per gram | ₹60,220 per 10 grams

• Lucknow: ₹6,064 per gram | ₹60,220 per 10 grams

• Bengaluru: ₹6,064 per gram | ₹60,220 per 10 grams

• Indore, Surat, Nagpur, Raipur: ₹6,064 per gram | ₹60,220 per 10 grams

Prices may vary slightly depending on taxes, jeweller margins, and location.

Why Is Platinum Gaining Popularity?

Platinum is increasingly attracting attention, especially among younger buyers. One of the main reasons is the significant price gap between platinum and gold.

• Gold prices are currently hovering around ₹1.60 lakh per 10 grams

• Platinum, in comparison, is available at nearly ₹60,000 per 10 grams

This substantial difference makes platinum a more affordable option for those seeking premium jewellery without stretching their budget.

Modern Appeal Driving Demand

Apart from affordability, platinum’s modern and stylish look is appealing to the younger generation. It is becoming a popular choice for:

• Engagement rings

• Wedding jewellery

• Contemporary fashion accessories

Jewellers are also reporting rising interest in platinum due to its durability and unique finish.

Things to Check Before Buying Platinum

Before making a purchase, experts recommend paying attention to the following factors:

• Purity certification to ensure authenticity

• Current market price to avoid overpaying

• Making charges, which can vary across jewellers

Since platinum prices fluctuate with global trends, staying updated with daily rates is essential.

Conclusion

Platinum prices have eased slightly on March 20, making it a viable alternative to gold during the festive season. With its affordability, modern appeal, and growing demand, platinum is emerging as a strong contender in the precious metals segment.

Disclaimer: Prices mentioned are indicative and may vary by city and jeweller. Always verify rates and consult experts before making a purchase decision.