Platinum prices in India witnessed a minor dip on Friday, April 10, offering a small window of relief for buyers. The precious metal recorded a decline of around ₹80 compared to the previous day , bringing the current price to ₹60,060 per 10 grams nationwide.
Despite the marginal drop, platinum continues to remain a premium choice among jewellery buyers, especially among younger consumers who prefer its sleek and modern appeal.
Latest Platinum Rates in India
Platinum prices are largely uniform across major cities in India. Here's a quick look at today's rates:
| City | Price (₹/1 gram) | Price (₹/10 grams) |
|---|---|---|
| Delhi | 6,006 | 60,060 |
| Mumbai | 6,006 | 60,060 |
| Ahmedabad | 6,006 | 60,060 |
| Chennai | 6,006 | 60,060 |
| Kolkata | 6,006 | 60,060 |
| Hyderabad | 6,006 | 60,060 |
| Jaipur | 6,006 | 60,060 |
| Kerala | 6,006 | 60,060 |
| Lucknow | 6,006 | 60,060 |
| Bengaluru | 6,006 | 60,060 |
| Indore | 6,006 | 60,060 |
| Surat | 6,006 | 60,060 |
| Nagpur | 6,006 | 60,060 |
| Raipur | 6,006 | 60,060 |
Why Platinum Prices Are Falling
The slight drop in platinum prices can be linked to global market movements and demand fluctuations. Like gold and silver, platinum prices are influenced by international trends, currency exchange rates, and industrial demand.
Key reasons behind the dip include:
- Minor corrections in global precious metal markets
- Changes in investor sentiment
- Fluctuations in industrial demand, especially from the automobile sector
- Strength in the US dollar affecting commodity prices
Changing Trends in Jewellery Buying
With gold prices hovering near record highs-around ₹1.5 lakh per 10 grams-many buyers are now exploring alternatives. This shift has led to increased interest in:
- Lower-carat gold options like 18K and 14K
- Lightweight jewellery designs
- Platinum jewellery for its durability and modern aesthetics
Platinum, in particular, is gaining popularity for engagement rings and wedding jewellery due to its minimalist look and premium feel.
Should You Buy Platinum Now?
For those planning to invest or purchase jewellery, the current price dip could be a good opportunity. However, experts recommend checking:
- Purity certification
- Making charges
- Latest market rates before buying
Since prices can fluctuate frequently, staying updated is crucial.