Platinum Rate Today in Gujarat – 7 Nov 2026, 2 AM IST

• Today's platinum rate in Gujarat
• City wise platinum rate comparison
• PGI certification and Pt950 purity
• Making charges and GST
• Where to buy platinum in Gujarat
• Gujarat's wedding season buying calendar

The figures in the live table are reference rates for Gujarat, quoted per gram for Pt 950 and Pt 900 platinum, refreshed every business day against international bullion benchmarks. Unlike gold and silver, platinum in India is bought almost entirely as finished jewellery rather than traded as loose bullion at markets like Manek Chowk, so this rate functions mainly as a pricing reference for jewellers rather than a daily traded bullion price.

Ahmedabad and Surat lead Gujarat's platinum retail trade, driven largely by demand for Pt 950 engagement rings and couple bands. This page covers today's rate, a city wise comparison, PGI certification and Pt950 purity, making charges and GST, where to buy, Gujarat's wedding season buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations most relevant to platinum jewellery buyers in Gujarat, from a single gram through 10 grams, for both Pt 950 and Pt 900 purity.

Unlike gold and silver, platinum jewellery in Gujarat is almost never bought or priced by traditional units such as vori or tola, since it is sold almost exclusively as finished rings, bands and pendants rather than loose bullion, coins or bars.

The underlying platinum rate tracks the same international benchmark across every city in Gujarat. What differs, as with gold and silver, is the making charge and design premium a retailer adds, which tends to matter more for platinum than for gold since nearly every piece sold is a finished, designed item rather than a simple bar or coin.

Ahmedabad and Surat carry the widest platinum selection and the most competitive showroom pricing given the trading volume both cities support. Vadodara, Rajkot and the rest of the state generally carry a smaller range and a modest premium, reflecting lower local demand for the category compared with gold.

A single day's rate tells you very little on its own. The last ten trading sessions show whether today's print sits at the top of a run, at the bottom of a pullback, or somewhere in the middle of a flat stretch.

Platinum's international price is set by a smaller, more concentrated global market than gold or silver, with supply dominated by South Africa and Russia, which can make its short term price movements less predictable than either of the other two metals.

The trend table sets today's Gujarat rate against its opening and closing values over seven days, thirty days and twelve months. Platinum's price is shaped heavily by automotive industry demand for catalytic converters globally, alongside jewellery demand, a genuinely different driver mix from gold or silver.

For Gujarat's retailers, this trend table is used mainly to set jewellery pricing rather than to inform investment decisions, since platinum is bought in the state almost entirely as finished jewellery rather than as a savings instrument.

Platinum trades internationally in US dollars per troy ounce, set by a global market considerably smaller than gold or silver, with South Africa and Russia together accounting for the large majority of mine supply. This rate converts at the prevailing USD to INR exchange rate and picks up customs duty and GST before reaching Indian retail.

Since platinum is not traded as loose bullion at Indian retail markets the way gold and silver are, Gujarat's jewellers price finished platinum jewellery against this international reference rate directly, without the local bullion market layer that shapes gold and silver pricing at venues like Manek Chowk.

Global automotive demand for catalytic converters, mine supply out of South Africa and Russia, and investment flows move the international platinum price. The rupee's exchange rate and Indian import duty changes move the local price on top of that.

Locally, wedding season and the run up to major gifting occasions bring the main seasonal uplift in platinum jewellery buying across Ahmedabad and Surat, a narrower calendar than gold's, since platinum in Gujarat is not bought for Dhanteras, Akshaya Tritiya or Navratri the way gold and silver are.

Pt 950 platinum is 95 percent pure and is by far the standard used for platinum jewellery sold in Gujarat and across India, including the large majority of engagement rings and wedding bands from established brands.

Pt 900, 90 percent pure, appears occasionally in the Indian market but is far less common than Pt 950. Confirm which purity a quote refers to before comparing shops, since even a small difference in purity meaningfully changes the metal value of a piece.

The rate shown on this page is the metal price alone. What you actually pay at the counter adds a making charge on top, then GST at 3 percent on the combined total of metal value plus making charge.

What making charges typically run in Gujarat

• Simple platinum bands, roughly 15 to 25 percent, reflecting platinum's density and the additional skill required to work it compared with gold
• Diamond set engagement rings, roughly 20 to 35 percent, given the detailed setting work involved
• Custom and designer pieces, often 30 percent or more, priced individually by the jeweller

Making charges on platinum in Gujarat tend to run higher than on gold, since platinum's hardness and density make it genuinely more labour intensive to work with, a cost that is passed through to the buyer.

Platinum jewellery in India is not covered under the BIS mandatory hallmarking scheme that applies to gold and silver. Instead, purity is identified through the Pt 950 or Pt 900 stamp on the piece, typically engraved on the inner band of a ring or the reverse of a pendant, supported by certification from the Platinum Guild International.

• Look for the Pt 950 or Pt 900 purity stamp engraved on the piece
• Ask for a PGI Certificate of Authenticity, which carries a serial number for verification
• BIS certification is optional for platinum but adds extra assurance where a jeweller offers it

Buying from an established, PGI affiliated jeweller in Ahmedabad or Surat with a proper GST invoice remains the safer route, given the absence of the mandatory BIS traceability that applies to gold and silver.

Ahmedabad's C.G. Road and branded showroom corridor anchors Gujarat's platinum retail trade, offering Pt 950 engagement rings and couple bands from both national chains and dedicated platinum brands. Unlike gold, platinum is not traded through Manek Chowk's bullion desks, since retailers source finished and semi-finished platinum jewellery directly from manufacturers rather than buying loose bullion locally.

Surat's design led jewellery showrooms have followed the national trend toward platinum for milestone gifting, supported by the city's strong purchasing power from its diamond and textile economy. Vadodara, Rajkot and the rest of the state carry a smaller but growing platinum retail presence, generally concentrated in the same showrooms that also sell gold and diamond jewellery.

Platinum is denser and heavier than gold at the same visual size, naturally white without rhodium plating, and hypoallergenic, qualities that have driven its growing popularity for engagement rings and wedding bands specifically. India's platinum jewellery market grew sharply in the years following the pandemic, with industry data from PGI showing strong year on year sales volume growth in the festive and wedding quarters.

Gold remains the default choice for bridal sets, ceremonial jewellery and Akshaya Tritiya buying across Gujarat, given its cultural centrality and investment role. Platinum has instead carved out a specific niche around modern, minimalist engagement and wedding jewellery, particularly among younger urban buyers in Ahmedabad and Surat, rather than displacing gold as the state's primary precious metal.

White gold is yellow gold alloyed with white metals and plated with rhodium to achieve its bright white finish, which wears off over years of use and requires periodic replating. Platinum is naturally white throughout the metal, with no plating required, and this durability is a major reason Gujarat's engagement ring buyers increasingly choose it over white gold despite the higher upfront cost.

Platinum is also denser than gold, meaning a platinum ring of the same visual size genuinely contains more metal by weight, which is part of why making charges and total price for platinum pieces can exceed a comparable gold design even before accounting for platinum's typically higher making percentage.

Platinum engagement rings have grown into a distinct, established category within Gujarat's urban wedding jewellery market, particularly in Ahmedabad and Surat, where younger couples increasingly choose platinum specifically for its modern aesthetic and permanence over the more traditional gold or diamond studded gold options their parents' generation favoured.

This shift has been supported nationally by brands built specifically around platinum, offering PGI certified Pt 950 designs, engraving and customisation options that position the category as distinct from, rather than competing directly with, traditional gold bridal jewellery.

Platinum has become a genuinely significant category for men's jewellery in Gujarat's urban centres, particularly wedding bands, bracelets and chains, an area where gold has traditionally dominated but where platinum's understated, naturally white finish has found real demand among younger male buyers in Ahmedabad and Surat.

Couple bands, sold as matching platinum sets for the bride and groom, have become a particularly popular gifting format around engagements and weddings, and most established platinum retailers in the state now stock dedicated men's collections alongside their women's ranges.

Unlike gold and silver, platinum entering the Indian jewellery trade arrives mostly as semi-finished components and alloys supplied to manufacturers, rather than as loose bullion bars traded at local markets. Manufacturers, several based in hubs like Mumbai and Jaipur alongside Gujarat's own retailers, work this material into finished rings, bands and pendants for retail sale.

Import duty and GST apply to platinum the same way they do to gold and silver, cleared through customs before reaching manufacturers and retailers. Because platinum's Indian jewellery market is considerably smaller in volume than gold's, import policy changes tend to have a less immediately visible effect on retail pricing in Gujarat than equivalent changes for gold or silver.

Pt 950 platinum is 95 percent pure, the standard used for the large majority of platinum jewellery sold in India, including the rings and bands retailed across Gujarat. Pt 900, 90 percent pure, appears occasionally but is less common in the Indian market.

The Platinum Guild International, the global body that promotes and certifies platinum jewellery standards, issues a Certificate of Authenticity for certified pieces, carrying a serial number, the PGI logo and the jeweller's identification mark. Since platinum is not BIS hallmarked the way gold and silver are in India, this PGI certification is the closest equivalent to a hallmark that most Gujarat buyers will encounter, and confirming its presence is the single most useful purity check available.

Ahmedabad's C.G. Road and Surat's branded showroom districts are Gujarat's strongest platinum retail markets, carrying the widest range of Pt 950 engagement rings, wedding bands and couple jewellery.

What to check wherever you buy

• The Pt 950 or Pt 900 purity stamp engraved on the piece
• A PGI Certificate of Authenticity with a verifiable serial number
• A proper GST invoice carrying weight, purity, rate and making charge separately

Exchange or resell at the jeweller who sold the piece where possible, since platinum resale in Gujarat is less standardised than gold, with fewer dedicated buyback counters given the smaller size of the local market.

Retain the original PGI certificate and purchase invoice, since these materially improve the terms and speed of any resale, and ask about the jeweller's specific platinum buyback policy before you buy rather than assuming it matches their gold policy.

Platinum's buying calendar in Gujarat is narrower and more milestone driven than gold or silver, centred almost entirely on personal occasions rather than the state's broader Hindu and Jain festival calendar.

• Engagement season, typically running alongside Gujarat's main wedding months, drives the largest share of annual platinum ring sales
• Anniversaries and milestone gifting occasions add steady year round demand for platinum bands and pendants
• Dhanteras sees a smaller platinum specific uplift, mainly among buyers already choosing platinum for an upcoming engagement

Industry data from PGI has shown particularly strong quarter on quarter platinum jewellery sales growth in India during the festive and wedding quarter, a pattern Ahmedabad and Surat's retailers plan their stock around.

Taxes on platinum are set nationally, so nothing here is specific to Gujarat, and the same three layers that apply to gold and silver apply here.

At purchase, GST at 3 percent applies on the value of the metal plus making charges. At sale, since platinum in India is bought almost entirely as jewellery rather than as an investment vehicle, resale is generally treated for tax purposes the same way as gold and silver jewellery, with gains taxed based on your holding period and slab rate or capital gains rules as applicable. Large cash purchases require PAN above the prescribed threshold.

None of this is tax advice, and thresholds and rates change with the Finance Act. For a large transaction, confirm current rules with a chartered accountant before proceeding.

Platinum in Gujarat, and across India generally, is bought almost entirely for its jewellery value rather than as a savings or investment instrument, unlike gold and silver. There is no meaningful culture of buying platinum coins or bars for resale, and no dedicated platinum ETF or bond product available to Indian retail investors in the way gold offers.

For a Gujarat buyer, the practical framing is to treat a platinum purchase as a jewellery and lifestyle decision, chosen for its durability, natural white colour and symbolic weight for occasions like engagements, rather than as a store of value comparable to gold or silver.

Platinum's international price has historically traded below gold per gram for much of the last decade, a reversal of the relationship that held for most of the twentieth century, when platinum traded at a premium to gold. This shift reflects platinum's heavier dependence on automotive industrial demand, which softened at points over the period, against gold's structural support from investment and central bank buying.

For Gujarat's jewellery buyers, this pricing relationship has made platinum a genuinely competitive option against gold for engagement rings and bands in recent years, rather than the significant premium product it once was.

Platinum mine supply is far more geographically concentrated than gold or silver, with South Africa and Russia together accounting for the large majority of global production. This concentration makes platinum's price genuinely more sensitive to mining disruptions, labour action or export policy changes in these two countries than either gold or silver.

Automotive demand, chiefly for catalytic converters, remains platinum's single largest end use globally, alongside jewellery and industrial applications in glass manufacturing and chemical processing. Shifts in vehicle technology and emissions standards worldwide are a genuine long term influence on platinum demand that has no real equivalent for gold.

For Gujarat's jewellery buyers, none of this changes the practical advice, since platinum here is a jewellery decision rather than a timing dependent investment purchase.

Platinum is significantly denser than both gold and silver, meaning a platinum piece of identical size and design contains more metal by weight, a genuine factor in why platinum jewellery can carry a higher total price than a visually similar gold piece even when the per gram rate is comparable.

Platinum is also more resistant to everyday wear and does not tarnish the way silver does, while remaining naturally white unlike gold, which requires alloying to achieve a white finish. These physical properties, rather than investment characteristics, are the primary reasons Gujarat's buyers choose platinum.

Platinum does not tarnish the way silver does and is more scratch resistant in terms of metal loss than gold, though it can develop a soft patina over time with regular wear, which many owners prefer while others have it professionally re-polished periodically.

For everyday rings and bands, a soft pouch or the original box is usually sufficient. For higher value pieces or when not worn for extended periods, a bank locker or home safe is a reasonable precaution, particularly given platinum's high value density.

A proper invoice from a Gujarat platinum jeweller should show the net platinum weight in grams, the purity as Pt 950 or Pt 900, the rate applied per gram that day, the making charge, and GST at 3 percent applied on the metal plus making charge combined.

For diamond set engagement rings, the invoice should separately state the diamond value and certification details alongside the platinum weight and rate, since the two are priced and taxed under related but distinct categories. Ask for this breakdown before paying if it is not shown automatically.

Keep the PGI Certificate of Authenticity together with your invoice, since together they form your primary proof of purity and value for any future insurance, resale or warranty claim.

• No PGI certificate offered with the piece, which should prompt caution given the absence of mandatory BIS hallmarking for platinum
• White gold sold or represented as platinum, a genuine risk since the two can look similar to an untrained eye but differ significantly in price and properties
• Making charges quoted verbally but not itemised on the final bill
• Gross weight billed as if it were net platinum weight on diamond set pieces

Buying from an established, PGI affiliated retailer in Ahmedabad or Surat is the most reliable way to avoid these issues, particularly for a first platinum purchase.

• Pt 950, platinum that is 95 percent pure, the standard for the large majority of Indian platinum jewellery
• Pt 900, platinum that is 90 percent pure, less common in the Indian market
• PGI, the Platinum Guild International, the global body that certifies platinum jewellery purity and authenticity
• Certificate of Authenticity, the PGI issued document confirming a piece's purity and carrying a verifiable serial number
• Making charges, the fee a jeweller adds for crafting a piece, on top of the metal value
• Patina, the soft surface finish platinum develops naturally with wear over time

There is no prescribed CBDT safe harbour limit for platinum jewellery the way there is for gold, since platinum ownership is not specifically addressed in the relevant circulars. As with any valuable asset, holdings should be supportable through invoices and disclosed income if ever questioned.

Cash payments for a single platinum purchase above the prescribed threshold require your PAN card to be furnished to the jeweller, and payments above two lakh rupees in cash for a single transaction are not permitted under income tax rules regardless of PAN, the same national rule that applies to gold and silver.

Always retain your purchase invoice and PGI certificate together, since they are your primary evidence of legitimate ownership and genuine platinum content if ever questioned.

Since platinum is treated as a physical asset similar to jewellery for tax purposes, profit on resale held for more than 12 months would generally qualify for long term capital gains treatment at 12.5 percent without indexation, under the rules applicable for financial year 2025 to 2026, while shorter holdings are taxed at your income tax slab rate.

Your gain is calculated as the sale price minus your original purchase cost, including making charges you paid, which is why keeping your original invoice and PGI certificate matters. Given how rarely platinum is resold purely for investment purposes in Gujarat, this scenario is far less common in practice than for gold or silver.

Tax rules change through Finance Act amendments most years, so confirm the current holding period and rate with a chartered accountant before a large sale, rather than relying on this or any other page.

Platinum jewellery is a comparatively recent addition to the Indian market compared with gold and silver, which carry millennia of cultural history. The Platinum Guild International began actively promoting platinum jewellery in India in the 2000s, positioning it specifically around modern engagement and wedding jewellery rather than trying to compete with gold's ceremonial and investment roles.

Gujarat's Ahmedabad and Surat markets adopted this category alongside the rest of urban India, with growth accelerating notably in the years following the pandemic as younger buyers sought a distinct, modern option for engagement and wedding jewellery separate from traditional gold sets.

Industry data from the Platinum Guild International has shown strong year on year growth in Indian platinum jewellery sales volume in recent festive and wedding quarters, a trend Ahmedabad and Surat's retailers have benefited from as part of the wider national pattern.

This growth has come specifically from engagement and wedding band demand rather than from any shift away from gold for traditional ceremonial jewellery, which remains overwhelmingly gold across Gujarat. Platinum's growth is additive to the state's precious metals trade rather than substitutive.

Unlike gold, where monthly instalment savings schemes are common across Ahmedabad and Rajkot's jewellers, dedicated platinum savings schemes are rare in Gujarat, reflecting the category's status as a jewellery purchase rather than a savings goal for most buyers.

Some larger jewellers who also sell gold and diamonds may allow a platinum purchase through their existing gold savings scheme balance, but this is a retailer specific accommodation rather than a dedicated platinum product, so confirm directly with the jeweller if this matters to your purchase plan.

• Branded platinum jewellery from an Ahmedabad or Surat showroom, PGI certified, the standard and safest route for most buyers
• Custom made platinum pieces from a trusted jeweller, priced individually, useful for a specific design not available off the shelf
• Online platinum jewellery from established national brands, generally PGI certified with insured delivery

Unlike gold and silver, there is no meaningful coin, bar or ETF route for platinum available to retail buyers in Gujarat, so the choice is essentially between branded, custom or online jewellery purchase.

If you are in Gujarat and considering a platinum or lab grown diamond jewellery purchase, Lucira offers Pt 950 platinum and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery across India, so you can compare designs and pricing without needing to visit Ahmedabad or Surat in person.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately, the same transparency you should expect from any established platinum retailer across Gujarat.

Comparing platinum against property, gold or equity as an asset class is largely not meaningful, since platinum in Gujarat is bought for its jewellery and symbolic value rather than as a store of wealth or income generating asset.

Most Gujarati households that own platinum jewellery also hold gold, property and other conventional assets separately for savings purposes, treating platinum purely as a personal or gifted item rather than a component of their broader financial plan.

Platinum is naturally hypoallergenic, making it a common recommendation for buyers with sensitive skin, and its density means it holds diamonds and other stones with genuine long term security in a setting.

Regular wear develops a soft surface patina that many wearers and jewellers consider part of platinum's character, though a professional polish can restore the original high shine finish if preferred. Most established Ahmedabad and Surat retailers offer this service, often free of charge for pieces bought from them.

Ahmedabad and Surat together account for the large majority of platinum jewellery sold in Gujarat, and most buyers elsewhere in the state travel to one of these two cities, or buy online from a national brand, rather than relying on smaller local jewellers who typically carry a limited platinum range.

For any platinum purchase, comparing design, making charge and PGI certification across at least two established retailers is a reasonable practice, given how much more making charges vary for platinum than for gold or silver in Gujarat.

Platinum's density and strength make it a genuinely preferred choice among jewellers for setting diamonds securely, particularly in prong and pave settings where the metal must hold a stone firmly over years of daily wear without weakening.

Gujarat's strong diamond cutting and polishing base, centred on Surat, has naturally supported growth in platinum set diamond jewellery within the state, since manufacturers and retailers already working extensively with diamonds have a direct incentive to offer platinum as a premium setting option alongside gold.

Established national platinum brands generally offer the same PGI certification and Pt 950 purity whether a piece is bought online or in a physical Ahmedabad or Surat showroom, with the main practical difference being the ability to try a ring on before purchase, which some engagement ring buyers still prefer in person.

For buyers outside Gujarat's two main platinum retail cities, online purchase from a certified national brand is often a more practical route than travelling, provided the retailer offers insured delivery and a clear return policy for sizing adjustments.

BIS mandatory hallmarking in India currently covers only gold and silver jewellery and artefacts, with platinum left outside the scheme. This means Gujarat buyers do not get the same government backed HUID traceability for platinum that they now have for gold and silver, and instead rely on the PGI certification system described elsewhere on this page.

Some jewellers in Ahmedabad and Surat do offer optional BIS certification alongside PGI certification for platinum as an additional layer of assurance, though this remains a retailer choice rather than a legal requirement, unlike gold and silver where hallmarking is now compulsory nationwide.

Platinum remains a small category relative to gold and silver within Gujarat's overall precious metals economy, but it occupies a genuine and growing niche within the state's much larger gem and jewellery sector, one built around Surat's diamond dominance and Rajkot's gold and silver manufacturing scale.

As Ahmedabad and Surat's retailers continue expanding their platinum ranges in response to national demand growth, the category is likely to become a steadily larger, though still comparatively small, part of Gujarat's overall jewellery retail economy over the coming years.