Today Platinum Rate in Mumbai (05 March 2026): Pt 950 Price
Disclaimer: Rates are indicative and may vary by jeweller. Making charges, wastage and GST (3%) may apply.
Platinum Investment Guide for Mumbai
Rarity & Value
Taxation on Platinum
Checklist Before Buying
2. Buyback policies for platinum can start from 70-80% of value, so check terms.
3. Authorised PGI (Platinum Guild International) retailers are recommended.
Live Platinum Price Trends in Mumbai per Gram
The live platinum price in Mumbai today is ₹6,399 per gram for Pt 950. Platinum is 30 times rarer than gold and is the preferred choice for modern jewelry in Mumbai. Its price is driven by global industrial demand and luxury market trends. Check our live 05 March 2026 updates before your purchase.
Check today's live platinum rate in Mumbai per gram. Get real-time Pt 950 prices, historical trends, and purity guides for platinum jewelry in Mumbai.
Trend
| Date | Price / g | Change / g |
|---|---|---|
| 05 March 2026 | ₹6,399 | +₹89 (+1.41%) |
| 04 March 2026 | ₹6,310 | -₹456 (-6.74%) |
| 03 March 2026 | ₹6,766 | -₹210 (-3.01%) |
| 02 March 2026 | ₹6,976 | +₹63 (+0.91%) |
| 01 March 2026 | ₹6,913 | ₹0 (+0.00%) |
| 28 February 2026 | ₹6,913 | -₹52 (-0.75%) |
| 27 February 2026 | ₹6,965 | +₹285 (+4.27%) |
| 26 February 2026 | ₹6,680 | +₹161 (+2.47%) |
| 25 February 2026 | ₹6,519 | +₹290 (+4.66%) |
| 24 February 2026 | ₹6,229 | -₹78 (-1.24%) |
Platinum Rate in Other Cities
FAQ
How is the platinum rate in Mumbai determined?
The platinum rate in Mumbai is influenced by international spot prices, mining output from South Africa and Russia, and the automotive industry’s demand (where it is used in catalytic converters). Locally, the USD to INR exchange rate and import duties also play a major role in Mumbai.
What is the standard purity for platinum in Mumbai?
In Mumbai, most platinum jewelry is sold with Pt 950 purity, meaning it contains 95% pure platinum. This high purity makes it naturally hypoallergenic and ideal for those with sensitive skin. Always look for the Pt 950 hallmark and a PGI (Platinum Guild International) certificate.
Platinum vs White Gold: Which is better to buy in Mumbai?
Platinum is a naturally white metal that never loses its color, whereas white gold is a yellow gold alloy plated with rhodium that may require re-plating. Platinum is also 40% denser and heavier than gold, making it more durable for engagement rings and wedding bands sold in Mumbai.
Does platinum have a good resale value in Mumbai?
Yes, while the resale market for gold is more established, most major jewelers in Mumbai now offer buy-back or exchange schemes for certified platinum. However, the spread between buying and selling prices is generally wider than that of gold.
What is the GST on platinum in Mumbai?
Purchasing platinum in Mumbai attracts a standard 3% GST on the metal value. Additionally, a 5% GST is typically applied to the making charges of platinum ornaments.