Today Platinum Rate in Varanasi (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 Varanasi
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 Varanasi per Gram
The live platinum price in Varanasi 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 Varanasi. 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 Varanasi per gram. Get real-time Pt 950 prices, historical trends, and purity guides for platinum jewelry in Varanasi.
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 Varanasi determined?
The platinum rate in Varanasi 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 Varanasi.
What is the standard purity for platinum in Varanasi?
In Varanasi, 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 Varanasi?
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 Varanasi.
Does platinum have a good resale value in Varanasi?
Yes, while the resale market for gold is more established, most major jewelers in Varanasi 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 Varanasi?
Purchasing platinum in Varanasi attracts a standard 3% GST on the metal value. Additionally, a 5% GST is typically applied to the making charges of platinum ornaments.