Platinum Hits All-Time High: How Indians Can Invest in the Metal

• Platinum prices surged to an all-time high of $2,351.05 an ounce on Wednesday (December 24).
• The World Platinum Investment Council (WPIC) notes a market deficit, making platinum an attractive diversification option.
• Indian investors can buy physical platinum (coins, bars) from jewellers, ensuring PGI certification or recognized hallmarks.
• No domestic platinum ETFs exist; however, global platinum ETFs are accessible via platforms like Zerodha, Groww, ICICI Direct.
• Overseas ETF investments involve LRS, currency conversion costs, exchange-rate risk, and global market volatility.

Why It Matters: Platinum's record high offers Indian investors diversification via physical or overseas ETF investments.