Platinum price chart and history in Penang
The price history loads with scripting on. Today’s rates are in the table above.
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Platinum rate in Penang: yesterday and the last 10 days
International closing price per gram, in MYR, before tax.
| Date | Fine 999 per gram | Change |
|---|---|---|
| RM 201.37 | +RM 0.42 | |
| RM 200.95 | +RM 1 | |
| RM 199.95 | +RM 2.39 | |
| RM 197.55 | +RM 9.32 | |
| RM 188.23 | −RM 2.89 | |
| RM 191.12 | +RM 2.70 | |
| RM 188.42 | −RM 8.27 | |
| RM 196.69 | −RM 7.62 | |
| RM 204.31 | +RM 1.85 | |
| RM 202.46 |
Platinum price in Penang, month by month
Fine 999 per gram, at international prices in MYR. Change is from the month’s first rate to its last.
| Month | Opened | Closed | Change |
|---|---|---|---|
| Nov 2026 | RM 191.12 | RM 201.37 | +5.4% |
| Oct 2026 | RM 224.07 | RM 188.42 | -15.9% |
| Sept 2026 | RM 228.97 | RM 223.49 | -2.4% |
| Aug 2026 | RM 213.08 | RM 231.75 | +8.8% |
| Jul 2026 | RM 208.96 | RM 216.17 | +3.5% |
| Jun 2026 | RM 245.07 | RM 203.60 | -16.9% |
| May 2026 | RM 254.86 | RM 245.89 | -3.5% |
| Apr 2026 | RM 254.99 | RM 252.62 | -0.9% |
| Mar 2026 | RM 289.26 | RM 253.87 | -12.2% |
| Feb 2026 | RM 265.35 | RM 295.46 | +11.3% |
| Jan 2026 | RM 277.16 | RM 265.55 | -4.2% |
| Dec 2025 | RM 221.92 | RM 264.78 | +19.3% |
From bar to bangle
How a fine platinum bar becomes a 20 g Pt950 platinum bangle, and what each step adds to the bill.
Fine bar
It starts as 19 g of fine platinum, 999.5. Pure platinum is too soft to hold a setting.
Melt and alloy
Melted at 1,768 °C with 1 g of ruthenium: 20 g of Pt950 platinum, hard enough to hold a shape.
Draw the wire
Poured into a steel mould to cast a rod, then pulled through smaller and smaller dies into wire. The making charge starts here.
Shape
Cut, bent round a mandrel and soldered shut into a bangle.
Decorate
Granules, engraving and set stones, by hand. Stones are billed on top of the metal.
Polish and hallmark
Polished, assayed and stamped PT950 inside the band. Pt950 means 95% platinum.
- Platinum, 19 g fine
- RM 3,825.99
- Making charge, 10%
- RM 382.60
- Tax on platinum
- None
- Your 20 g bangle
- RM 4,208.59
Jewellery price calculator for Penang
- Metal value
- Making charge
- Tax
You should pay about
- You put in
- Worth today
- Return a year
The same yearly return for the years ahead would give a projection here.
Where the numbers come from
- Source
- Every rate here is compiled by goldratetodayin.com and refreshed at 12 am, 6 am and 6 pm India time, and checked every 15 minutes through the morning, when the day’s rates are published, so a change shows within minutes.
- Indian rates
- Gold city by city, at 24K, 22K and 18K as each city’s market quotes it; silver and platinum at one rate for the whole country. All in rupees, before GST and making charges. 14K gold and the lower grades of silver and platinum are worked out from the fine rate.
- Other countries
- Gold at the local board rate, by city where one is published and by country where not. Where there is no board rate, and for silver and platinum, international prices converted to your currency at mid-market exchange rates. All before local tax.
- History
- Ten years, day by day. Where a place’s own published rates begin later than that, the earlier line follows international prices, scaled to meet them.
Platinum rate in Penang: frequently asked questions
- What is the platinum rate today in Penang?
- On 7 Nov 2026, fine (999) platinum in Penang is RM 201.37 a gram; jewellery (950) RM 191.30 and alloy (900) RM 181.23, up RM 0.42 a gram since yesterday. That is RM 2,013.68 for 10 grams of fine platinum, before tax and making charges.
- What is the fine platinum (999) rate today in Penang?
- On 7 Nov 2026, fine platinum (999) in Penang is RM 201.37 for 1 gram and RM 2,013.68 for 10 grams.
- What is the jewellery platinum (950) rate today in Penang?
- On 7 Nov 2026, jewellery platinum (950) in Penang is RM 191.30 for 1 gram and RM 1,912.99 for 10 grams.
- What was the platinum rate in Penang yesterday?
- On 6 Nov 2026, fine platinum in Penang was RM 200.95 a gram. Today it is RM 201.37, up RM 0.42 a gram.
- What does Pt950 platinum mean?
- Pt950 is 95% platinum, usually alloyed with ruthenium or palladium, and is the standard for platinum jewellery; pieces are stamped PT950. On 7 Nov 2026, 950 platinum in Penang is RM 191.30 a gram and RM 1,912.99 for 10 grams.
- Is platinum the same as white gold?
- No. White gold is gold alloyed with white metals and usually plated with rhodium, which wears off with time and needs redoing. Platinum is white right through and needs no plating, which is part of why it costs more as jewellery.
- Is platinum more expensive than gold in Penang?
- Not today: on 7 Nov 2026, a gram of fine platinum in Penang is RM 201.37 and of 24K gold RM 546, so platinum is 63% cheaper a gram. Platinum jewellery can still cost more than gold: platinum is about 11% denser, so the same design weighs more, Pt950 is purer than 22K gold, and it is harder to work, so making charges are higher.
- How much does a 4 g Pt950 platinum ring cost in Penang?
- At today's rate, its 3.8 grams of fine platinum are worth RM 765.20. A 12% making charge adds RM 91.82, for about RM 857.02. Making charges vary by jeweller and design; the calculator on this page works out any piece.
- Why is the platinum price rising today in Penang?
- It has increased by RM 0.42 a gram (0.21%) since yesterday, to RM 201.37. The platinum rate in Penang follows the international platinum price, converted at the MYR exchange rate. Much of it goes into catalytic converters for cars, and most is mined in South Africa, so car sales and mine supply move it.
- How much has the platinum price in Penang changed in a year?
- Platinum is down 2.7% over the last twelve months. The price history graph on this page goes back ten years.
- What will the platinum rate in Penang be tomorrow? Will it increase or decrease?
- No one can know it in advance: tomorrow's rate follows international prices and the exchange rate overnight. Over the last 10 rates, since 27 Oct 2026, it has fallen 0.5%. This page shows the new rate as soon as it is set, and the last ten days and the chart show which way it has been moving.
- Do these platinum rates include tax?
- They are before any local tax and the jeweller's making charge. The calculator on this page adds a making charge.
- How often is the platinum rate in Penang updated?
- At midnight, 6 am and 6 pm India time, and every 15 minutes through the morning while the day’s rates are published, so a change shows within minutes. The date in the page title is the day the rates are for.