How to invest in platinum in India?:Precious metal prices more than double in 2025, generating handsome returns for investors

Platinum, a precious metal known for its rarity and industrial uses, is gaining traction as an investment option in India. If you’re looking to diversify your portfolio beyond the usual gold and silver, platinum might be worth considering. But how do you actually invest in it? Let’s find out: Understanding Platinum Platinum is used in vehicles, jewellery, and various industrial applications. The price of platinum can be affected by factors like global economic conditions, demand from the automotive industry, and mining production levels. How to Invest in Platinum in India There are a few ways you can invest in platinum in India: 1. Platinum Jewellery: This is perhaps the most straightforward way. You can buy platinum jewellery like rings, necklaces, and bracelets. However, keep in mind that the price you pay will include making charges and the jeweller’s margin, so you might not get the full value of the metal. 2. Platinum Bars and Coins: Similar to gold and silver, you can buy platinum bars and coins from authorised dealers. These are a more direct way to invest in the metal. 3. Mutual Funds: Citizens can also choose those mutual funds that plough their contributions into stocks of those companies that mine platinum. 4. Platinum mining companies: People may also go for proxy plays like stocks of companies that mine platinum. Things to Keep in Mind Storage: If you buy physical platinum (bars or coins), you’ll need a safe place to store it. Consider a bank locker or a secure safe at home. Market Fluctuations: Like any investment, the price of platinum can go up or down. Be prepared for price fluctuations and you should not invest more than you can afford to lose. Before You Invest Before you jump into investing in platinum, do your homework. Compare prices from different dealers, and understand the risks involved. Consider talking to a financial advisor who can help you make informed decisions based on your individual financial situation and investment goals. Investing in the precious metal can be a good way to diversify your portfolio. How costly has platinum become? According to ‘Goodreturns’, on Friday, platinum prices were quoted at ₹55,350 per 10 gm. The noble metal’s prices have increased by 121% so far in 2025 to ₹55,350 per 10 gm on December 19 from ₹25,160 per 10 gm on January 1, 2025. While, at the same time, gold has risen 74% and silver 132%.