Platinum Price Today, 17 February 2026: Platinum prices in Delhi edge lower to ₹5,988/g amid broad precious metal weakness. Check 17 February 2026 rates in Mumbai, Chennai, Kolkata & more. Industrial demand outlook check inside.
Platinum Price Today, 17 February 2026
Platinum Price Today, 17 February 2026: The downward slide in platinum prices continued on Tuesday, following a broader decline in precious metals. Despite pressure from global growth concerns and reduced automotive demand, prices remain comfortably above the February bottom.
Platinum is outperforming silver but underperforming gold in the current environment.
The financial capital mirrored the modest national decline.
The national capital saw uniform selling pressure, though less severe than in silver.
Prices aligned with other major metros, showing broad-based weakness.
Industrial demand from the automotive and electronics sectors provides some underlying support.
The southern hub's rates aligned with the national average, with no visible premium.
| City | 1g Today | 10g Today | 100g Today |
|---|---|---|---|
| Chennai | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Mumbai | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Delhi | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Kolkata | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Bengaluru | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Hyderabad | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Pune | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Ahmedabad | ₹5,988 | ₹59,880 | ₹5,98,800 |
| Date | 1g (₹) | 10g (₹) | 100g (₹) |
|---|---|---|---|
| 17 Feb, 2026 | 5,988 | 59,880 | 5,98,800 |
| 16 Feb, 2026 | 6,006 | 60,060 | 6,00,600 |
| 15 Feb, 2026 | 6,006 | 60,060 | 6,00,600 |
| 14 Feb, 2026 | 6,006 | 60,060 | 6,00,600 |
| 13 Feb, 2026 | 5,914 | 59,140 | 5,91,400 |
| 12 Feb, 2026 | 6,173 | 61,730 | 6,17,300 |
| 11 Feb, 2026 | 6,224 | 62,240 | 6,22,400 |
| 10 Feb, 2026 | 6,078 | 60,780 | 6,07,800 |
| 09 Feb, 2026 | 6,091 | 60,910 | 6,09,100 |
| 08 Feb, 2026 | 6,111 | 61,110 | 6,11,100 |
| Metric | Rate (₹/g) |
|---|---|
| 1 February rate | 6,097 |
| 17 February rate | 5,988 |
| Highest rate in February | 6,614 (4 Feb) |
| Lowest rate in February | 5,666 (6 Feb) |
| Overall performance | Consolidating |
| % Change from Feb 1 | -1.79% |
Platinum is a highly valuable precious metal and a key industrial commodity. It is one of the least reactive metals, with remarkable resistance to corrosion even at high temperatures, earning it the classification of a noble metal. Its unique properties make it indispensable in numerous applications:
Automotive Industry: As a catalytic converter, it helps reduce harmful emissions.
Electrical Components: Used in electrical contacts, electrodes, and platinum resistance thermometers.
Medical Field: Essential in dentistry equipment and laboratory apparatus.
Jewellery: Highly prized for its lustrous white appearance and durability.
Industrial Applications: Its catalytic qualities make it useful in a variety of chemical processes.
While platinum salts can pose health risks upon exposure, the metallic form is inert and not linked to adverse health effects, making it safe for jewellery and medical applications.
Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (platinum coins, bars, jewellery).
Physical Bullion Platforms: MMTC-PAMP (investment-grade platinum bars), Augmont, Motilal Oswal.
Platinum's recent downturn reflects the larger correction in precious metals, though it has been less severe than silver's disastrous drop. The key factors are as follows:
Auto Sector Concerns: Uncertainty around global automotive demand impacts platinum's industrial outlook.
Strong US Dollar: The dollar has risen due to a hawkish Federal Reserve, which is exerting pressure on all commodities denominated in dollars.
Substitution Risk: In some applications, palladium and platinum can substitute for each other, creating demand shifts.
With prices near ₹5,988 per gram, platinum presents a long-term investment case focused on diversification rather than short-term gains. Industrial recovery and green technology demand could support prices, but experts advise keeping allocations low because platinum does not carry the same monetary premium as gold or the strong investor base of silver.
