Editor’s Note
This article reports a significant drop in platinum prices in India as of February 20, 2026, providing timely information for investors and consumers in the precious metals market.
A major reversal was witnessed in the Indian precious metals market today. ‘White gold’, or platinum, which shines in the industrial and jewelry sectors, has brought relief for investors and customers. Amidst changes in the global market and fluctuations in domestic demand, a notable decline has been recorded in platinum prices across major Indian cities. Today, on February 20, 2026, platinum prices have tumbled by up to ₹75 per gram compared to yesterday, intensifying market activity.
As the market opened today, a weak trend was observed in platinum prices. The platinum that was trading at ₹6,091 per gram yesterday has fallen to ₹6,016 today. The impact of this decline has been widespread across all weight categories. In detail:
– 8 grams of platinum: Its price is now ₹48,128, reflecting a decrease of ₹600 compared to yesterday.
– 10 grams of platinum: The price for the most popular 10-gram weight for purity and investment is now ₹60,160, showing a significant drop of ₹750.
– 100 grams of platinum: This reduction is even more significant for wholesale buyers, where the new price has reached ₹6,01,600 with a direct cut of ₹7,500.
Surprisingly, platinum prices remained at a uniform level across almost all major commercial centers in India today. In metropolises like Delhi, Mumbai, Chennai, and Kolkata, the price for 10 grams of platinum was recorded at ₹60,160. Furthermore, from the tech hubs of South India, Bangalore and Hyderabad, to Pune, Vadodara, and Ahmedabad in Western India, platinum prices followed the same trend. In Kerala, traditionally considered a large market for jewelry, the per-gram price also remained stable at ₹6,016.
Experts believe that international economic policies and the strength of the dollar directly impact these platinum prices. Currently, trading of this metal on the Indian Bullion Association and commodity exchanges is being conducted with caution. Legally, the GST and making charges applicable on platinum purchases can make it slightly more expensive for the end customer, but this decline in the base price is a major incentive for buyers during the wedding season.