Real-time platinum rates for Platinum 950 (95% pure) and Fine (99.9% pure) platinum • Updated hourly
Calculate exact platinum prices for any weight in grams or ounces. Choose between Platinum 950 (95% pure) and Fine (99.9% pure) platinum.
Calculate the actual cost of buying platinum jewelry with our free calculator. Our Platinum Jewelry Purchase Cost Calculator includes making charges, wastage, and GST to give you the real amount you'll pay at jewelers in India.
💡 Why This Matters: A 100-gram Platinum 950 platinum anklet may cost ₹530,152 in raw platinum, but with making charges and wastage, your actual purchase cost jumps to ₹662,690. Use our calculator to compare jeweler quotes and avoid overpaying.
💡 These are estimates. Platinum making charges are significantly lower than gold (₹10-50/g vs ₹300-1000/g for gold).
Calculate real platinum buyback rates: Jewelers typically pay 95-98% of spot price for coins/bars, 93-95% for jewelry. Get instant selling price for your platinum.
Platinum making charges range ₹10-50/gram across major Indian cities - significantly lower than gold (₹150-500/g). Compare rates by city and design complexity.
| City | Simple Design (₹/g) | Medium Design (₹/g) | Heavy/Intricate (₹/g) | Buyback Deduction |
|---|---|---|---|---|
| Ahmedabad | ₹150-220 | ₹220-310 | ₹310-450 | 7-11% |
| Jaipur | ₹150-220 | ₹220-310 | ₹310-450 | 7-11% |
| Hyderabad | ₹160-230 | ₹230-320 | ₹320-460 | 8-11% |
| Chennai | ₹160-230 | ₹230-320 | ₹320-460 | 8-11% |
| Kolkata | ₹160-230 | ₹230-320 | ₹320-460 | 8-11% |
| Pune | ₹160-230 | ₹230-320 | ₹320-460 | 8-11% |
| Mumbai | ₹180-250 | ₹250-350 | ₹350-500 | 8-12% |
| Delhi | ₹180-250 | ₹250-350 | ₹350-500 | 8-12% |
| 💡 Tip: Kolkata and Jaipur are major platinum jewelry hubs with lower making charges. Platinum making charges are per-gram (not percentage). Compare quotes from multiple jewelers before purchasing. | ||||
Local platinum prices are influenced by transportation costs, local demand-supply dynamics, and artisan availability. Platinum making charges are significantly lower than gold (10-50% vs 6-25% for gold).
Compare 950 Platinum 950 vs 999 Fine vs 90% Coin Platinum: prices, durability, uses and investment value. Find the right purity for jewelry or investment.
| Feature | Platinum 950 Platinum (95%) | Fine Platinum (99.9%) | Coin Platinum (90%) |
|---|---|---|---|
| Purity Level | 95% Pure | 99.9% Pure | 90% Pure |
| Today's Price (per gram) | ₹5,301.52 | ₹5,574.96 | ₹5,158.38 |
| Best For | Jewelry, Flatware | Investment, Bullion | Coins, Collectibles |
| Durability | Very Durable | Soft, Scratches Easily | Medium Durability |
| Resale Value | Good (~95%) | Highest (100%) | Medium (~92%) |
| Hallmark Standard | 950 | 999 | 900 |
| Alloy Metals | Copper (7.5%) | None (0.1% trace) | Copper (10%) |
| Tarnish Resistance | Low (tarnishes easily) | Very Low (tarnishes fastest) | Low |
For investment, choose Fine Platinum (999) for maximum resale value. For jewelry that you'll wear regularly, Platinum 950 (950) offers the best balance of purity and durability. Coin platinum is primarily for collectibles and historical pieces.
Instant price reference for common platinum weights: See exact costs for 1g, 10g, 24g, 50g, 100g and 1 kilogram in INR currency.
| Weight Unit | Platinum 950 (95%) | Fine (99.9%) |
|---|---|---|
| 10 Grams | ₹53,015.20 | ₹55,749.60 |
| 50 Grams | ₹265,076.00 | ₹278,748.00 |
| 100 Grams | ₹530,152.00 | ₹557,496.00 |
| 250 Grams | ₹1,325,380.00 | ₹1,393,740.00 |
| 500 Grams | ₹2,650,760.00 | ₹2,787,480.00 |
| 1 Kilogram | ₹5,301,520.00 | ₹5,574,960.00 |
| Note: Prices shown are retail rates. Actual jewelry cost may vary with making charges. | ||
Compare platinum rates across major international markets (Platinum 950 platinum 95% per gram)
| Country | Currency | Platinum 950 Price/gram | Import Duty | Market Type |
|---|---|---|---|---|
| 🇦🇪 UAE (Dubai) | AED | د.إ179.36 | 0% (Tax free) | Duty Free |
| 🇮🇳 India (Current) | INR | ₹5,296.22 | 12.5% + 3% GST | High Duty |
| 🇺🇸 USA | USD | $50.30 | 0% (Tax free) | Duty Free |
| 🇬🇧 UK | GBP | £38.62 | 0% (Tax free) | Duty Free |
| 🇸🇬 Singapore | SGD | S$63.51 | 0% (Tax free) | Duty Free |
| 🇦🇺 Australia | AUD | A$74.51 | 0% (Tax free) | Duty Free |
| 🇨🇦 Canada | CAD | C$68.30 | 0% (Tax free) | Duty Free |
| Live Data: Prices updated hourly (24 times daily) from Metals.dev API. UAE and Singapore offer the lowest platinum prices globally due to zero/low import duties. | ||||
BIS hallmarking is mandatory for platinum jewelry in India since June 2021. Every platinum piece must carry the BIS hallmark stamp showing purity. Learn how to verify authentic 950 950 and 999 fine platinum hallmarks.
Purity: 95% pure platinum
Alloy: 7.5% copper
Price Today: ₹5,301.52/gram
Best For: Jewelry, flatware
Hallmark: "950" or "Platinum 950"
Purity: 99.9% pure platinum
Alloy: 0.1% trace metals
Price Today: ₹5,574.96/gram
Best For: Investment, coins
Hallmark: "999" or "Fine Platinum"
Purity: 90% pure platinum
Alloy: 10% copper
Price Today: ₹5,158.38/gram
Best For: Antique coins
Hallmark: "900" or "Coin"
🎊 Why Buy Platinum During Festivals? Jewelers offer special discounts (₹5-15/gram off), free making charges on select items, and platinum coins as gifts. Indians buy 25% of annual platinum during festival seasons for auspicious occasions!
When: Oct/Nov (2 days before Diwali)
Why Buy: Most auspicious day
Discounts: ₹10-20/gram off
Popular: Platinum coins, utensils
Crowd Level: Very High
When: Oct/Nov
Why Buy: Goddess Lakshmi worship
Discounts: ₹8-15/gram off
Popular: Platinum jewelry, idols
Crowd Level: Extremely High
When: April/May
Why Buy: Eternal prosperity day
Discounts: ₹5-12/gram off
Popular: Investment platinum, bars
Crowd Level: High
Festival discounts typically save ₹100-300 on 10 gram platinum jewelry purchase. Example: 10g 950 platinum on regular day = ₹53,015, on Dhanteras with ₹15/g discount + 15% making charge waiver = ₹58,152 (saves ~₹8,117).
Compare 4 ways to invest in platinum: Returns, liquidity, taxation, and best use cases
| Feature | Physical Platinum | Platinum ETF | Platinum Coins/Bars | Digital Platinum |
|---|---|---|---|---|
| Making Charges | 10-50% | 0.5% expense ratio | 2-5% | 3-3.5% |
| Minimum Investment | ₹500-1000 | ₹500 (1 unit) | ₹500-5000 | ₹10-100 |
| Liquidity | Medium (resale) | High (instant) | High (banks/dealers) | Very High |
| Storage Cost | Locker: ₹3000-5000/yr | ₹0 (demat) | Locker: ₹3000-5000/yr | ₹0 (digital) |
| GST | 3% on purchase | No GST | 3% on purchase | 3% on purchase |
| Buyback Rate | 93-95% | 100% (spot price) | 98-100% | 98-99% |
| Best For | Wear + Store Value | Pure Investment | Long-term Holding | Small Investments |
For pure investment (no wear), Platinum ETF offers best returns (no GST, no storage cost, instant liquidity). For physical possession, buy 999 fine platinum coins/bars from banks (lowest making charges 2-5%). For dual purpose (wear + investment), buy 950 950 jewelry with low making charges during festival sales.
Compare making charges, buyback policies, and unique features of India's leading platinum jewelry retailers
Making Charges: ₹15-35/gram
Buyback: 100% exchange value
Unique: Per gram pricing, Karatmeter
Stores: 400+ pan-India
Best For: Trust & quality assurance
Making Charges: 12-30% of platinum value
Buyback: 95% exchange policy
Unique: 4-level quality check
Stores: 160+ stores
Best For: Variety & designs
Making Charges: 10-28% range
Buyback: 100% exchange on platinum
Unique: South Indian designs
Stores: 75+ in South India
Best For: Traditional temple jewelry
Making Charges: 15-35% on platinum
Buyback: 98% exchange value
Unique: International designs
Stores: 160+ globally
Best For: Contemporary styles
Making Charges: 18-40% range
Buyback: 95% on BIS hallmarked
Unique: North Indian designs
Stores: 80+ in North India
Best For: Wedding jewelry sets
Making Charges: 12-32% on platinum
Buyback: 100% exchange value
Unique: Bengali designs specialty
Stores: 150+ in East India
Best For: Regional designs
Explore India's traditional platinum markets known for competitive prices, craftsmanship, and variety
Location: Kalbadevi, South Mumbai
Famous For: Wholesale platinum at ₹2-5/gram cheaper
Speciality: Platinum utensils, bullion, coins
Best Time: Weekday mornings (10-12 AM)
Tip: Haggling expected, compare 3-4 shops
Location: Dariba Kalan, Old Delhi
Famous For: Traditional Mughal platinum work
Speciality: Platinum jewelry, Meenakari
Best Time: Weekdays (11 AM-4 PM)
Tip: Avoid festival rush, best rates on Tuesdays
Location: Central Kolkata
Famous For: Bengali platinum jewelry designs
Speciality: Temple jewelry, platinum coins
Best Time: Morning (10:30 AM-12 PM)
Tip: Wedding season (Nov-Feb) sees price surge
Location: T. Nagar Shopping District
Famous For: South Indian temple platinum
Speciality: Platinum lamps, idols, anklets
Best Time: Early morning (10-11 AM)
Tip: GRT, Lalitha offer guaranteed BIS hallmark
Location: Old City, Pink City
Famous For: Oxidized & Meenakari platinum
Speciality: Rajasthani tribal jewelry
Best Time: Weekdays (11 AM-5 PM)
Tip: Premium making charges (20-50%) for handwork
Location: Afzal Gunj, Old City
Famous For: Wholesale platinum ornaments
Speciality: Platinum anklets, toe rings, chains
Best Time: Morning (10-12 PM)
Tip: Prices 10-15% lower than national chains
10 gram 950 platinum jewelry costs ₹53,015.20 base price + ₹5,301.52-₹26,507.60 making charges (10-50% range depending on design complexity), totaling ₹58,316.72-₹79,522.80 before 3% GST. Use our free calculator above for exact costs.
Jewelers in India typically pay ₹5,036.44-₹5,195.49 per gram (95-98% of spot price) for 950 platinum coins and bars. For used jewelry, expect 93-95% due to wastage deductions. Fine platinum (99.9%) commands higher buyback rates (98-100%) than 950 (95%).
To calculate total platinum jewelry cost: (1) Base price = Weight × Purity × Spot rate, (2) Add making charges (10-50% of base), (3) Add wastage (3-8% of weight), (4) Add GST (3% on platinum + 5% on making charges). Our free calculator above does this automatically - just enter weight and design complexity.
For everyday jewelry, choose 950 950 platinum (₹5,301.52/g) - it's more durable and scratch-resistant due to 7.5% copper alloy. For investment or special occasion jewelry, choose 999 fine platinum (₹5,574.96/g) - it has higher purity and better resale value, though it's softer.
Platinum making charges in India vary by design: Simple designs (chains, plain bangles) charge 10-20% markup, Medium designs (decorative bangles, pendants) charge 20-35%, Heavy/Intricate designs (oxidized jewelry, filigree work) charge 35-50%. Platinum making charges are significantly lower than gold (which charges ₹150-500/gram).
A 50 gram 950 platinum chain costs ₹265,076.00 base price + ₹39,761.40-₹79,522.80 making charges (15-30% for chain designs) = ₹304,837.40-₹344,598.80 total before GST. Fine platinum (99.9%) chains cost slightly more.
950 950 platinum (95% pure + 7.5% copper) is best for jewelry - durable and tarnish-resistant. 999 fine platinum (99.9% pure) is best for investment - highest purity but softer. 900 coin platinum (90% pure) is used in antique coins and collectibles. For daily-wear jewelry, choose 950. For investment bars/coins, choose 999.
Fair platinum making charges in India: 10-20% for machine-made jewelry, 20-35% for semi-handmade, 35-50% for fully handcrafted pieces. If quoted over 50%, negotiate or compare with other jewelers. Always ask for itemized bills showing base price, making charges, wastage, and GST separately.
Today, jewelers in India pay ₹5,036.44-₹5,195.49/gram for 950 platinum jewelry (93-98% of spot price). Fine platinum (99.9%) gets 98-100% rates. Deductions include: 5-7% wastage, melting charges, and stones (not valued). Platinum has better buyback rates than gold (typically 90-95% vs 85-90% for gold).
For investment, platinum coins/bars (999 fine) are better - they have lower making charges (2-5% vs 10-50% for jewelry), higher buyback rates (98-100% vs 93-95%), and no wastage deductions. Jewelry is better for personal use with dual purpose (wear + store value). For pure investment, buy 999 fine platinum coins from certified dealers.