Malappuram Platinum Price Soars 12.74% in August to ₹5,683/Gram
By Market Desk
Discover the significant 12.74% surge in Malappuram’s platinum prices during August 2026, reaching ₹5,683 per gram, driven by global demand.
Platinum rates in Malappuram registered a significant 12.74% increase throughout August 2026, reflecting a clear upward trend. On August 26, 2026, the precious metal was priced at ₹5,683 per gram.
The daily rates for platinum in Malappuram on August 26, 2026, established specific benchmarks across various quantities. These figures provide an immediate snapshot for investors and consumers tracking commodity movements.
- 10 grams: ₹56,830
- 100 grams: ₹5,68,300
- 1 kilogram: ₹56,83,000
August 2026 witnessed considerable volatility in platinum prices, with the metal experiencing both highs and lows over the month. This fluctuation culminated in the month’s overall rising trend.
August 2026 Price Range
- Highest 100 grams: ₹5,78,100
- Lowest 100 grams: ₹5,02,400
- Highest 1 kilogram: ₹57,81,000
- Lowest 1 kilogram: ₹50,24,000
Several key factors converge to shape platinum’s market valuation and drive its price movements. These influences range from global economic dynamics to specific industrial demands.
Key Market Drivers
- Global demand and supply dynamics
- Mining activities and geopolitical risks
- Industrial consumption, particularly from the automotive and electronics sectors
- Currency movements, especially the US dollar
- Inflation rates and investor behavior
- Actions taken by central banks
The robust 12.74% gain for platinum in Malappuram during August 2026 underscores the significant impact of these diverse global and economic indicators. Traders will continue to monitor these drivers for future price direction.