Is platinum rarer than gold?

Yes, platinum is significantly rarer, which is why it's often priced higher in stable markets.

Why is platinum used in cars?

It’s used in catalytic converters to reduce harmful emissions, making it essential to the automotive industry.

Can platinum be a good investment?

Yes, though it’s more volatile, platinum’s industrial relevance and limited supply make it a smart long-term asset.

How do I ensure I’m buying pure platinum?

Look for Pt950 stamp, indicating 95% purity — the industry standard.

Does platinum price move with gold and silver?

Sometimes, but it often has its own trends based on manufacturing and industrial data.

Platinum Price Today in mumbai

Date: 22nd May 2026

Today's Platinum Rate in Mumbai: Per Gram | Per Kilogram

Platinum price/gm

₹ 5,981₹ -94

Platinum price/kg

₹ 59,81,000₹ -94,000

Platinum price updates for {City} show the current rates as ₹{platinum_10g} (10g), ₹{platinum_100g} (100g), and ₹{platinum_1kg} (1kg). Over {Month}, prices changed frequently. The 100g rate peaked at ₹{platinum_highest_price_100g} and dropped to ₹{platinum_lowest_price_100g}. For 1kg, it fluctuated between ₹{platinum_lowest_price_1kg} and ₹{platinum_highest_price_1kg}. The cost of platinum is influenced by mining output, global market demand, and geopolitical stability. Industrial reliance—mainly in cars and electronics—drives additional volatility. Shifts in currency, especially the US dollar, as well as macroeconomic indicators like inflation and interest rate policies, strongly shape its pricing.

Today's Platinum Price Trend in mumbai

Grams

Today's Price

Yesterday

₹ 1

₹ 5,981₹ -94

₹ 6,075

₹ 8

₹ 47,848₹ -752

₹ 48,600

₹ 10

₹ 59,810₹ -940

₹ 60,750

₹ 100

₹ 5,98,100₹ -9,400

₹ 6,07,500

₹ 1,000

₹ 59,81,000₹ -94,000

₹ 60,75,000

Platinum Rate Today in Popular Cities

City

Price/gm

Price/10gm

Agra

₹ 5981₹ -94

₹ 59810₹ -940

Ahmedabad

₹ 5981₹ -94

₹ 59810₹ -940

Alappuzha

₹ 5981₹ -94

₹ 59810₹ -940

Amaravati

₹ 5981₹ -94

₹ 59810₹ -940

Ambur

₹ 5981₹ -94

₹ 59810₹ -940

Amravati

₹ 5981₹ -94

₹ 59810₹ -940

Amritsar

₹ 5981₹ -94

₹ 59810₹ -940

Anantapur

₹ 5981₹ -94

₹ 59810₹ -940

Arcot

₹ 5981₹ -94

₹ 59810₹ -940

Ariyalur

₹ 5981₹ -94

₹ 59810₹ -940

FAQ’s

1. What is the platinum rate in Mumbai today?
- The platinum price in Mumbai today is updated in real-time and reflects international trading trends, mining costs, and industrial demand.
2. Is platinum more expensive than gold?
3. What are the main uses of platinum?
4. Is platinum a good long-term investment?
5. How do I check platinum purity in Mumbai?

More Stories

Article image for: Where research meets the future: Sharda University's blueprint for India's tech leadership — Where research meets the future: Sharda University's blueprint for India's tech leadership

Article image for: Rupee rebounds after RBI support, how long will the recovery momentum last? — Rupee rebounds after RBI support, how long will the recovery momentum last?

Article image for: Rupee under pressure: How RBI may try to stabilise the currency — Rupee under pressure: How RBI may try to stabilise the currency

China's new supply chain rules may hit India's electronics manufacturing push: Industry

Rupee, CAD under watch, US trade talks on track: Goyal says India will 'come out winner'

Distributors calling the shots in non-life pushes up costs for insurers and buyers: report

PM Modi’s five-nation tour secures nearly $40 billion investment pipeline for India

Gold, silver price prediction: Will gold head to Rs 1.70 lakh/10 grams in the coming days & silver hit Rs 3 lakh/kg? Check outlook

West Asia war: Indian carriers see dip in international carriage while foreign carriers climb in Jan-March quarter

Top stocks to buy today: Stock recommendations for May 21, 2026 - check list

Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar

Stock Market Highlights Today: BSE Sensex ends over 130 points down; Nifty50 closes above 23,650 on mixed global cues

Grasim Q4 profit up 28% at Rs 3,802cr

India gets 1st weather derivatives product

Promoter, IFC to pump Rs 4k cr equity into Aditya Birla Cap

Core sector expands 1.7%, but 5 industries contract

‘India needs AI to fight AI as cyber threats grow

FMCG volume growth may slow to 3-4% this year

Investors moving away from stocks, going for MFs: Sebi

Retail credit cools in Q4 after festive rush, gold loans lead

Diplomacy to Q-comm: Melody's demand spikes

Financiers can't block borrower phones, online shaming barred

Rupee hits 100/$ in 1-year forward, closes at 96.8 in spot trade

Bajaj General Insurance rolls out riders to lock premiums, expand health cover scope

EPFO UPI withdrawal explained: How members can transfer PF directly to bank accounts, top points to know

Core sector growth rises to two-month high of 1.7% in April; steel, cement and power drive expansion

Time-Shift feature for FAST TV launched

Personal Finance: 24K love for gold — Why is India obsessed with the yellow metal?

Rupee hits new record low near 97 against dollar, oil prices and bond yields keep pressure on currency

Kerala milk cooperative giant Milma to raise prices by Rs 4 per litre from June 1, fuel and production costs cited

RBI announces $5 billion dollar-rupee swap, auction scheduled for May 26

'Melody to the ears': India's toffee exports rise 166% in 12 years to Rs 132 crore in FY26, says Piyush Goyal

Skydo among first to get cross border payments licence in Gift City

Biz men, HNIs, rural customers top bank branch visits; students least reliant

Case of mistaken identity? Parle Industries’ shares rise 5% after ‘Melody moment’

AI-powered audits: CAG develops sovereign LLM platform to detect procurement risks and improve public audits

Bharat Electronics Limited Revenue Rises 16% In FY26

India plans to send oil tankers through Strait of Hormuz for new supply amid Iran conflict disruptions

Indian Railways eyes 350 kmph speeds with its next indigenous bullet train; first one to have 280 kmph potential

Dynamic leaders & emerging brands transforming India’s business ecosystem

Gold price prediction today: Will gold, silver prices continue to trade weak on May 20, 2026?

Top stocks to buy today: Stock recommendations for May 20, 2026 - check list

Gold, Silver Rate Today Highlights: MCX Gold, MCX Silver slip in trade as US Treasury yields pull back from multi-year highs

Stock Market Highlights Today: BSE Sensex ends over 100 points up, crosses 75,300; Nifty50 above 23,650

Gold falls 1.4% as high yields, strong $ weigh

BPCL Q4 profit flat, FY26 net soars 75%

Rupee slides to new low of 96.53 vs dollar

Rising yields impact states' borrowing costs

'Auto demand healthy despite rise in input cost'

TCS staff cites salary cut after appraisal, co disagrees

PepsiCo bets bigger on India with 5,700cr expansion plan

Price movements in platinum are often sharper than gold or silver due to its limited availability and reliance on a few global mining regions. Automotive regulations, global production levels, and technology usage influence the platinum price today. As platinum becomes more relevant in clean energy applications, its daily rate has gained importance for both buyers and investors.