Platinum Rate Today in Murshidabad, Pt950 and Pt900 Live Prices – 7 Nov 2026, 7 AM IST

The figures in the live table are reference rates for Pt 950 and Pt 900 platinum in Murshidabad, refreshed every business day against international bullion benchmarks and the prevailing rupee exchange rate. Every figure is the metal value alone, before making charges and GST.

Murshidabad, the historic Nawabi capital of Bengal on the Bhagirathi and a silk growing region, carries a heritage and textile identity rather than any precious-metal manufacturing tradition of its own. Platinum remains a very small, modern category here alongside the region's far more established gold and silver trade. This page covers today's rate, PGI certification and Pt950 purity, making charges and GST with a worked example, where to buy and sell near Murshidabad, the platinum buying calendar, taxation and a detailed FAQ.

The weight table converts today's per gram rate into the denominations buyers transact in, from a single gram through 10 grams and 100 grams, for both Pt 950 and Pt 900 purity.

Since platinum is sold almost entirely as finished jewellery rather than bullion, most buyers work with piece weights in the 3 to 12 gram range for rings and bands, rather than round weight denominations bought for their own sake.

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, 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, so short term moves can be sharper and less predictable than the gold rate buyers are more used to tracking.

The trend table sets today's rate against its opening and closing values over seven days, 30 days and 12 months. Platinum's price is shaped heavily by global automotive demand for catalytic converters and mine supply out of South Africa and Russia, alongside jewellery demand.

Platinum has traded below 24 karat gold on a per gram basis for much of the last decade, a genuine reversal from most of the twentieth century when platinum commanded a premium over gold. Jewellers use this table mainly to set showroom pricing rather than to inform any investment call.

Platinum trades internationally in US dollars per troy ounce on a global market considerably smaller than gold or silver. This rate converts at the prevailing USD to INR exchange rate and picks up customs duty and GST before reaching Indian retail.

The platinum rate around Murshidabad tracks national and regional pricing closely, with metal reaching the few local outlets through established supply chains via Kolkata, which effectively sets the retail benchmark each morning. Local differences show up mainly in making charges rather than in the metal rate itself.

Global automotive demand, 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, platinum buying follows engagements and weddings rather than the festival calendar that drives gold, with the strongest window from November to February and a smaller lift around Valentine's Day.

Murshidabad stands on the eastern bank of the Bhagirathi, about 14 kilometres from Baharampur and 225 kilometres from Kolkata, and takes its name from Murshid Quli Khan, who made it the capital of the Bengal province in the early 18th century. Its heritage is architectural: the Hazarduari Palace, the mansion with a thousand doors built in 1837 and now a museum, the Nizamat Imambara, the Katra Masjid and the Madina mosque with its clock tower, along with the Khushbagh gardens across the river and the great Jahan Kosha cannon. The surrounding district is also known for mulberry groves and some of the finest silk in the country, and the town's traditional crafts have long included silk weaving.

Platinum itself remains a very small, modern category here, concentrated in very few outlets alongside the region's far older gold and silver trade, entirely separate from this heritage.

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

Pt 900, 90 percent pure, appears occasionally, mainly in men's heavier pieces, but is far less common in showrooms. Always confirm which purity a quoted rate refers to before comparing prices between jewellers.

India's mandatory BIS hallmarking regime currently covers gold, mandatory since June 2021, and silver, mandatory since September 2025. Platinum has not been brought under this scheme and remains a considerably smaller retail category nationally.

In place of a BIS hallmark, platinum jewellery carries a Pt 950 or Pt 900 purity stamp backed by a Certificate of Authenticity from the Platinum Guild International, the global body that has promoted platinum jewellery in India for over two decades. Jewellers affiliated with PGI display this certification prominently, and it remains the closest equivalent to a hallmark available for this metal.

• Look for the Pt 950 or Pt 900 purity stamp engraved inside the band or on the piece
• Ask for a PGI Certificate of Authenticity carrying a verifiable serial number
• Buy from an established, PGI affiliated jeweller in Baharampur or Kolkata, or a recognised national brand showroom, rather than an unregistered seller

Given the absence of mandatory third party BIS verification for platinum, this certificate and stamp combination is the primary purity assurance available to buyers in a heritage town where organised platinum retail is minimal.

The rate shown on this page is the metal value alone. What you pay at the counter adds a making charge, then GST, which applies as two separate components under Indian tax rules: 3 percent GST on the metal value, plus 5 percent GST on the making charge when it is itemised separately on the invoice, which is how most established jewellers bill.

What making charges typically run

• Simple platinum bands | roughly 15 to 25 percent, reflecting platinum's density and the skill required to work it
• Diamond set engagement rings | roughly 20 to 35 percent, plus the diamond value billed separately

A worked example on a 5 gram Pt 950 band at 20 percent making: the metal value gets 3 percent GST, the making charge gets 5 percent GST added on top of itself, and the two are then summed for the final bill, so the total runs meaningfully above a flat 3 percent calculation on the combined figure.

Murshidabad itself is a small heritage town, and the district's main jewellery market is in Baharampur, the district headquarters about 14 kilometres away. Platinum is stocked at very few outlets, so most buyers shop in Baharampur, in Kolkata about 225 kilometres away, or order online.

What to check wherever you buy

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

Resale infrastructure for platinum in Murshidabad is very thin, given how few dedicated platinum buyers exist in a small heritage town, a genuine gap compared with the deeper gold and silver exchange trade.

Terms vary meaningfully by jeweller, so confirm the exact buyback or exchange policy before purchase, ideally in writing, and expect the resale network to be deeper in Baharampur and Kolkata.

Engagement rings remain platinum's strongest use case wherever it is sold in India, and this holds for the small pool of platinum buyers around Murshidabad, who skew toward diamond set designs even where gold jewellery anchors every wedding.

Buyers planning a platinum engagement ring will typically find a fuller range by ordering online from an established national brand, or in Baharampur or Kolkata, than by relying on local stock, which is genuinely limited in a small town.

Taxes on platinum are set nationally, so nothing here is specific to Murshidabad.

At purchase, GST applies in two parts, 3 percent on the metal value and 5 percent on making charges when itemised separately. At sale, profit on platinum held over 12 months generally qualifies as a long term capital gain at 12.5 percent without indexation; shorter holdings are taxed at your income slab rate. Large cash purchases require PAN above the prescribed threshold.

None of this is tax advice. For a significant transaction, confirm current rules with a chartered accountant.

Murshidabad genuinely draws its economy from silk, with mulberry cultivation, reeling and weaving, from heritage tourism around its Nawabi monuments, and from farming and trade along the Bhagirathi.

This silk and tourism economy shapes the town's retail landscape far more than any precious metal tradition, with platinum remaining a rare, modest addition to local jewellery trade.

Visitors tour the Hazarduari Palace museum, the Nizamat Imambara and the Madina mosque with its clock tower, the Katra Masjid, the Chawk and Jama mosques, the Motijheel area and the Khushbagh gardens across the Bhagirathi. October to March is the best time to visit.

These sights add further colour to Murshidabad's identity, entirely separate from the area's very small platinum retail presence.

There is no prescribed CBDT safe harbour limit for platinum jewellery the way there is for gold. As with any valuable asset, holdings should be supportable through invoices and disclosed income if ever questioned.

Cash payments above the prescribed threshold require your PAN card, and payments above two lakh rupees in cash for a single transaction are not permitted regardless of PAN.

Platinum is significantly denser than gold and silver, meaning a platinum piece of identical size contains more metal by weight. It is more resistant to everyday wear than gold and does not tarnish like silver, while remaining naturally white.

These physical properties, rather than investment characteristics, are the primary reasons buyers who specifically seek out platinum choose it over the dominant gold and silver categories.

• Pt 950: platinum that is 95 percent pure, the standard for most Indian platinum jewellery
• Pt 900: platinum that is 90 percent pure, less common
• PGI: the Platinum Guild International, the body that certifies platinum jewellery purity in India
• Making charges: the fee a jeweller adds for crafting a piece, separate from the metal value
• HUID: the unique six digit hallmark identification number used to trace a certified gold item

If you are in Murshidabad and considering a platinum engagement ring or lab grown diamond jewellery purchase, Lucira offers PGI certified platinum and certified lab grown diamond pieces with transparent, itemised pricing and doorstep delivery, a practical option given how limited local platinum stock is in a small town.

Every Lucira piece is priced against the live daily rate shown on this page, with making charges and certification costs shown separately, so buyers always know exactly what they are paying for.

Platinum, as across India, is bought almost entirely for jewellery value rather than as a savings instrument. There is no local culture of buying platinum coins or bars the way there is for gold, and no dedicated platinum ETF product for Indian retail investors.

The practical framing for a buyer is to treat platinum as a jewellery and lifestyle decision, not as a store of value comparable to gold.

• No PGI certificate offered with the piece, which should prompt caution given the absence of mandatory BIS hallmarking for platinum
• White gold or silver sold or represented as platinum, a particular risk with souvenir style jewellery sold to visitors
• Making charges quoted verbally but not itemised on the final GST invoice

Buying from an established, PGI affiliated retailer or a recognised national brand showroom is the most reliable way to avoid these issues, particularly in a small tourist market where platinum sales volumes are very low.

Platinum is denser than gold, naturally white without rhodium plating, and hypoallergenic, a trend that has reached the Murshidabad area only slightly, mainly through younger buyers and online shopping.

Gold and silver remain the overwhelming default for the region's wedding traditions and festive gifting, while platinum has carved out only a tiny niche around modern engagement rings.

Platinum's buying pattern, as across India, is milestone driven, centred on engagements and weddings rather than the festival calendar that dominates gold buying across West Bengal.

• Wedding and engagement season, broadly November through February, the strongest platinum buying window
• Valentine's Day, a genuine minor peak for platinum rings among younger couples
• Anniversaries and milestone gifting, spread through the year rather than concentrated

If you are comparing metals, check the gold and silver rates for Murshidabad as well, both of which carry far deeper local trading history than platinum.

• Gold rate today in Murshidabad
• Silver rate today in Murshidabad

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, making the price genuinely more sensitive to mining disruptions than gold typically is.

For jewellery buyers, none of this changes the practical advice, since platinum here is a jewellery decision, not a timing dependent investment.

White gold is yellow gold alloyed with white metals and plated with rhodium, which wears off over time and needs periodic replating, an upkeep cost buyers should factor into any long term comparison, especially in a humid climate. Platinum is naturally white throughout, needing no plating at all.

Platinum is also denser than gold, so a platinum ring of the same visual size genuinely contains more metal by weight, part of why total price can exceed a comparable gold design even before making charges are added.

Platinum's strength and density make it a genuinely secure setting metal for diamonds, since prongs hold their shape and grip better over decades of wear compared with softer metals like gold.

This is the primary reason platinum, where available, skews heavily toward diamond set engagement rings rather than plain bands.

National platinum jewellery demand has grown steadily in India, driven mainly by engagement ring marketing from national brands rather than any organic local tradition.

This shift has reached Murshidabad only slightly, mainly through younger buyers and online shopping, while gold and silver remain overwhelmingly dominant for the region's wedding and festival buying.

In store buying lets you see and try on a piece before committing, but selection in a small heritage town is limited to whatever the store happens to stock. Online buying from a certified national brand offers a far wider range of designs and price points.

For platinum specifically, given how thin local stock genuinely is, online buying is often the more practical route for a buyer with a specific design in mind.

India's BIS hallmarking regime covers gold since June 2021 and silver since September 2025, but platinum has not been brought under this scheme, leaving the PGI certificate as the primary protection for buyers.

This gap matters more in a small tourist market like Murshidabad, where few retailers deal in platinum regularly enough to have built the kind of trusted reputation that established gold and silver jewellers elsewhere carry.

Platinum jewellery manufacturing in India is concentrated in specialist mainland hubs with the specific machinery platinum's density and hardness require, an investment that makes little economic sense for a small heritage town like Murshidabad.

Every piece of platinum jewellery sold here is manufactured elsewhere and shipped in as a finished product, rather than made locally.

Store platinum separately from other jewellery to avoid scratching softer metals, and keep your PGI certificate and invoice together with the piece for any future resale or insurance claim.

A bank locker remains the most secure option for significant holdings, a sensible precaution where the resale market for platinum specifically is still genuinely thin.

Profit held over 12 months generally qualifies as long term capital gains at 12.5 percent without indexation, calculated as sale price minus original purchase cost including making charges.

Given how rarely platinum is resold purely for investment purposes around Murshidabad, this scenario is far less common in practice than for gold, where exchange and resale are routine parts of local jewellery culture.

Platinum entering the Indian jewellery trade arrives mostly as semi-finished components supplied to manufacturers in hubs like Mumbai and Kolkata, worked into finished rings and bands, a very small share of which reach Murshidabad through regional trade routes.

Globally, platinum's largest industrial use is in catalytic converters, a demand source entirely separate from jewellery and one reason its price can move independently of gold.

Platinum jewellery arrived in the Indian bridal and gifting market considerably later than gold and silver, gaining traction mainly through national brand marketing from the early 2000s onward, centred on engagement rings and couple bands.

Murshidabad's own platinum retail presence, to the extent it exists, reflects this later, smaller scale national adoption rather than any long standing local tradition, with gold the long established metal of weddings in the region.

Platinum occupies a genuinely marginal position within Murshidabad's jewellery economy, dwarfed by gold and silver's central role in everyday and festive wear and by the town's silk and heritage trade.

This is unlikely to change materially in the near term, since the cultural forces driving gold demand here simply do not extend to platinum the way they do elsewhere in India.

Unlike gold, jewellers here do not typically run dedicated monthly instalment savings schemes for platinum, given how small and specific the category's demand genuinely is.

Buyers planning a platinum purchase generally save independently and pay the full amount at purchase, in contrast to gold savings schemes that remain popular with established jewellers across West Bengal.

Platinum bands and chains marketed toward men have been a consistent part of national platinum brand strategy, though local stock around Murshidabad is very limited.

For men here seeking a platinum piece outside a wedding band, a visit to a Baharampur or Kolkata showroom or a national online brand are the two realistic routes, since the area's broader men's jewellery culture still runs predominantly through gold.

Clean platinum jewellery with warm water, mild soap and a soft brush. Minor scratches displace the metal rather than removing it, unlike gold, and a soft patina develops with wear that can be professionally repolished.

Given the limited number of jewellers locally who work with platinum, repolishing is best arranged with the retailer who sold the piece or during a visit to Kolkata.

A proper invoice 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 as its own line, and GST split correctly at 3 percent on the metal and 5 percent on making charges.

For diamond set rings, the invoice should separately state the diamond value and certification. Keep the PGI Certificate of Authenticity together with your invoice, since replacing lost documentation is genuinely harder where few retailers deal in platinum regularly.

• A Murshidabad outlet: very limited selection, lets you try before buying
• A showroom in Baharampur or Kolkata: a meaningfully wider selection
• An established national online brand: the widest overall design range, delivered to your door

Given how small the category is locally, buyers with a specific platinum design either make the short trip to Baharampur or order online, since the range from national online brands far exceeds what any single local outlet can stock.