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 Price Today (17 February, 2026)
- 1g Platinum: ₹5,988 per gram (-₹18)
- 10g Platinum: ₹59,880 per 10g (-₹180)
- 100g Platinum: ₹5,98,800 per 100g (-₹1,800)
- GST and additional fees are not part of these prices, which can differ across jewelers and regions. A marginal drop of ₹18 per gram has continued the recent consolidation.
Platinum Rate Today (17 February, 2026): Gradual Decline Continues
- 1g Platinum yesterday: ₹6,006 per gram (-₹18 today)
- 10g Platinum yesterday: ₹60,060 per 10g (-₹180 today)
- The metal continues to trade in a narrow range between ₹5,900 and ₹6,100 per gram.
- Prices have stayed above the February 6 low of ₹5,666 per gram, with platinum showing greater stability than silver, which has suffered a severe fall.
Platinum Price Today: MCX Gold, Silver & Platinum Prices in India
- MCX Platinum (Feb 2026) futures: Trading near ₹59,500 per 10g, reflecting cautious sentiment.
- MCX Gold (Feb 2026) futures: Under pressure at ₹1,56,590 per 10g.
- MCX Silver (Feb 2026) futures: In freefall at ₹2,52,000 per kg.
Platinum is outperforming silver but underperforming gold in the current environment.
Platinum Prices in Mumbai
- 1g: ₹5,988
- 10g: ₹59,880
- 100g: ₹5,98,800
The financial capital mirrored the modest national decline.
Platinum Rate Today in Delhi
- 1g: ₹5,988
- 10g: ₹59,880
- 100g: ₹5,98,800
The national capital saw uniform selling pressure, though less severe than in silver.
Platinum Prices in Kolkata
- 1g: ₹5,988
- 10g: ₹59,880
- 100g: ₹5,98,800
Prices aligned with other major metros, showing broad-based weakness.
Platinum Rate in Bengaluru
- 1g: ₹5,988
- 10g: ₹59,880
- 100g: ₹5,98,800
Industrial demand from the automotive and electronics sectors provides some underlying support.
Platinum Prices in Chennai
- 1g: ₹5,988
- 10g: ₹59,880
- 100g: ₹5,98,800
The southern hub’s rates aligned with the national average, with no visible premium.
Platinum Price City-Wise (₹/gram)
| 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 |
Platinum Rate in Delhi for Last 10 Days (1 gram)
| 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 |
Platinum Price Movement in Delhi, February 2026
| 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% |
What Is Platinum? Understanding the Noble Metal
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.
Top Online Platforms to Buy Platinum in India (2026)
Jewellery Brand Platforms: Tanishq, CaratLane, Kalyan Jewellers Candere (platinum coins, bars, jewellery).
Physical Bullion Platforms: MMTC-PAMP (investment-grade platinum bars), Augmont, Motilal Oswal.
Why Is Platinum Under Pressure?
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.
Is Platinum a Good Investment Now?
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.
