Platinum prices in India witnessed an upward move on Monday, May 4, 2026, continuing the recent trend of steady demand for alternative precious metals. Compared to last Friday, platinum has become costlier by around ₹2,000 per 10 grams, signaling growing interest among buyers.

As per the latest update, platinum is currently priced at ₹60,550 per 10 grams, making it an attractive option for those looking beyond traditional gold investments.

Latest Platinum Rates in Major Cities

Platinum prices remained largely uniform across key Indian cities. Here’s a quick look at the current rates:

• Delhi: ₹6,055 per gram | ₹60,550 per 10 grams


• Mumbai: ₹6,055 per gram | ₹60,550 per 10 grams


• Chennai: ₹6,055 per gram | ₹60,550 per 10 grams


• Kolkata: ₹6,055 per gram | ₹60,550 per 10 grams


• Ahmedabad, Jaipur, Lucknow, Bengaluru, Hyderabad: Similar pricing levels

This consistency indicates stable demand and pricing across the domestic market.

Why Is Platinum Gaining Popularity?

One of the biggest reasons behind the rising demand for platinum is the sharp increase in gold prices. With gold hovering around ₹1.5 lakh per 10 grams, many buyers are exploring more affordable alternatives.

Platinum offers several advantages:

• Modern and minimalist appearance


• High durability and purity


• Relatively lower price compared to gold


• Increasing popularity among younger consumers

Changing Jewelry Trends in India

The jewelry market is undergoing a noticeable shift. Rising gold prices have pushed consumers to rethink their buying decisions.

• Buyers are opting for lighter and budget-friendly jewelry


• Lower karat options like 18K, 14K, and even 9K are gaining traction


• Platinum jewelry is becoming a preferred choice for its sleek, contemporary look

Jewellers are also adapting by offering stylish and affordable designs to cater to evolving preferences.

Is Platinum a Good Investment?

While platinum is not as traditionally popular as gold in India, it is gradually emerging as a viable option for both jewelry and investment.

However, investors should consider:

• Market demand and liquidity


• Price volatility compared to gold


• Long-term holding strategy

Final Thoughts

The rise in platinum prices reflects changing consumer behavior and growing demand for alternatives to gold. With its modern appeal and relatively lower cost, platinum is steadily carving its space in the Indian market.

If you’re planning to buy precious metals, keeping an eye on price trends and market shifts can help you make a smarter decision.