Platinum Rate Today in Visakhapatnam

Platinum is rarer than gold, and usually cheaper

Annual platinum production is a fraction of gold’s, yet it often trades below the gold price. The reason is demand: platinum’s biggest buyer is the car industry, for catalytic converters, and jewellery is a distant second. Gold has a monetary role platinum has never had, and that is what holds its price up.

Buying platinum jewellery in India

Platinum jewellery sold in India is normally 950 — 95% pure, alloyed with ruthenium or cobalt. Look for the PT950 mark and a Platinum Guild International assurance card. It is naturally white, so unlike white gold it never needs rhodium replating, which is the practical argument for paying the premium.

Platinum against white gold

They look alike on the day you buy them. White gold is yellow gold alloyed and plated; the plating wears and needs redoing every couple of years. Platinum is white all the way through and develops a patina rather than wearing thin. Platinum is denser, so the same ring weighs more and costs more for the metal alone.

Resale is the catch

India has a deep, liquid, second-hand market for gold in every town. It does not have one for platinum. Buy-back is usually limited to the shop that sold it, often at a wide discount. Treat platinum as something to wear, not as a store of value.

Frequently asked questions