Today’s Platinum Rates in Pakistan in PKR

As on, Wednesday, 19 February 2025

Price Per 1 Gram

Rs. 8775

Price Per Tola

Rs. 102357

Price Per Kilogram

Rs. 8775670

Price Per Ounce

Rs. 272954

Platinum is a rare metal just like gold and silver. It is preferred by people due to its natural white color and high strength. Platinum is 95% purer and contains 5% impurities of other metals like cobalt and palladium. Platinum is generally an industrial metal used in various industries like aircraft, chemical, automobile, and electrical industries. Because of its silver-like color, platinum is the favorite jewelry for ladies and is worn as chains, bracelets, bangles, and earrings.

Also, check out the latest silver rate in Pakistan.

Platinum Prices in Different Cities of Pakistan

Platinum prices in different cities of Pakistan remain the same most of the time however they may be a bit change due to local demand, transportation costs, taxes, and other reasons. The platinum rates in different cities are as follows:

CityPer 1 GramPer TolaPer KilogramPer Ounce
Karachi87751023578775670272954
Islamabad87751023578775670272954
Quetta87751023578775670272954
Peshawar87751023578775670272954
Lahore87751023578775670272954

What Makes Platinum So Special

Platinum is one of the rarest metals on earth, approximately 30 times rarer than gold.

  • Due to its hard nature, it doesn’t lose mass by polishing.
  • Due to its non-reactive nature, it doesn’t cause any irritation on the skin.
  • Its yellow color never fades and is highly durable.
  • It can sustain a very high temperature and does not oxidize.
  • Due to its high strength, the platinum prong is used to hold diamonds.

Comparison of Platinum and Gold as an Asset

Platinum prices in Pakistan vs Gold rate in Pakistan

Prices

Platinum is considered one of the most precious metals like gold. Platinum prices in Pakistan fluctuate more often as compared to gold. At the end of the 20th century platinum price became close to the gold prices. Then at the beginning of the 21st century platinum rates in Pakistan kept on increasing and became twice the gold rate.

The main reason for the increase in platinum prices was its use in the automobile industry and electrical components. With the usage of palladium as catalytic converters in diesel vehicles, demand for platinum decreased. After 2008 platinum prices fell significantly and became lower than the gold prices.

Liquidity

Liquidity means how easily an asset can be bought or sold. It is considered a main factor to invest in any asset. Gold has an upper hand over platinum in this sense, as it is traded in greater volume and can be bought or sold easily. Whereas platinum has less liquidity because of its low demand and less supply.

Volatility

Volatility means how much the price of an asset fluctuates over time. Platinum has a higher volatility rate than gold due to its low demand and lower trading volume. Additionally, the platinum rate is much dependent on industrial demand.  Gold on the other hand is more stable than platinum and is the center of interest for the majority of investors.

Factors Affecting Platinum Prices in Pakistan

Industrial Use

Industrial demand for platinum has a major impact on its rate in Pakistan. Platinum is considered as an industrial metal because of its importance in automobile industries. In the automobile industry, Platinum is often used as a catalytic converter in diesel vehicles due to its high resistance against heat. Platinum is also used in the aircraft industry, medical industry, and electrical components.

Due to its high demand in industries, its rate fluctuates. With the increase in demand, it becomes high and with the decrease in demand of Platinum in the automobile industry, its rate can fall.

Supply and Demand

Just like any other commodity platinum rate in Pakistan is also affected by its supply and demand. Platinum is a very rare metal with limited supply and is produced only in South Africa and Russia which results in its increased demand. So its limited supply and higher demand result in the higher prices of platinum in Pakistan.

Geopolitical Events

Platinum is only produced in a few countries across the world. This means that political tensions in those countries can affect its supply causing platinum prices to rise. Geo-political events can also influence industrial demand for platinum which is used in automobile and electrical industries resulting in its prices falling.

FAQ’s

The latest price of platinum in Pakistan per tola is 102357

The current price of platinum per 1 gram is 8775

Platinum used to be more expensive than gold, but nowadays it is cheaper than gold.

Platinum is white whereas gold is yellow. If you like white jewelry, platinum is a good choice for you.

Yes, platinum is heavier than gold because of its high density.

Conclusion

Platinum is a popular metal known for its rarity and strength. Its unique properties make it a popular choice not only for industrial applications but also for jewelry. Although it is 30 times rarer than gold, platinum’s price fluctuates more due to its industrial demand and supply. Factors like industrial use, supply and demand, and geopolitical events play a vital role in determining platinum prices in Pakistan. While platinum may not have as high liquidity as gold, its unique qualities and industrial importance make it a valuable asset in the global market.

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