How To Calculate Platinum Rate? Find Platinum Resale Value

Platinum stands as one of the rarest and most durable precious metals — making it a premium choice for jewellery. It’s shiny, it’s sleek, and yes—effortlessly elegant. However, when it comes to selling your platinum — the price isn’t always as shiny as you’d hope.

Wonder why?

Because the resale value of platinum jewellery isn’t just about weight and purity, it's a cocktail of market demand, jeweller policies, and—brace yourself—deductions.

So, if you’re planning to sell your platinum jewellery and want to know whether do platinum has resale value —knowing these factors in advance will help you walk away with the best possible deal (and fewer regrets).

How To Calculate The Platinum Rate?

Important Note: We do not buy or exchange old platinum jewellery. This guide is provided as a reference only to help customers estimate the approximate value of their old platinum.

Understanding Platinum’s Resale (Melting) Value

When selling old platinum jewellery, the platinum resale value is based on the raw platinum content—not the design, craftsmanship, or any gemstones/diamonds set in the piece. To determine the actual value, follow these steps:

Step 1: Get Your Platinum Tested

Take your jewellery to a platinum testing or assaying lab to determine its:

Exact weight (in grams)
Purity level (expressed in percentage or karats)

The lab will provide a detailed test report with these values.

Step 2: Use the Platinum Resale Value Formula

Once you know the weight and purity, use this simple formula to calculate the approximate melting value of old platinum jewellery.

NOTE: This formula only takes into account the melting value of raw platinum & not any gemstones or diamonds.

Value of Platinum= (Weight of Platinum × Purity of Platinum × Current Platinum Rate)÷100

Example Calculation:

Let’s say you have a platinum ring with the following details:

Weight of Platinum = 10 grams
Purity = 95% (Pt950)
Current Platinum Rate = ₹2,200 per gram

Now, apply the formula:

10 × 95 × 2200 ÷100=₹20,900

So, the estimated platinum resale value of your ring would be ₹20,900.

Related Article: Benefits of Wearing Platinum Ring

Remember, different buyers may offer different rates, so compare offers before making a decision.

Platinum vs gold resale value varies based on market demand, rarity, and economic factors.

Interested in knowing about gold resale value too? Check out our detailed guide on how to calculate the resale value of your gold jewellery!

FAQ's

What Is The Resale Value Of Platinum?

Platinum resale value depends on purity, weight, and current market prices. However, it is generally lower than its original purchase price, thanks to jeweller commissions and charges.

How To Sell Platinum Ring?

Go to a trusted jeweller, bullion dealer, or even an online marketplace. Get a purity test from a trusted lab, check the market price, and always compare multiple offers before sealing the deal.

How To Calculate A Platinum Rate?

Take its weight, multiply the weight of your platinum jewellery by the market rate per gram and its purity percentage, then deduct whatever the jeweller decides to take off the top.