Chloroplatinic acid is a complex inorganic compound which is formed by reacting platinum with acids such as hydrochloric acid or aqua regia. By physical appearance, chloroplatinic acid is reddish brown in color and available in crystalline as well as liquid solution form, in the market. Chloroplatinic acid is a highly hygroscopic compound. Chloroplatinic acid is toxic in nature and can be hazardous if proper safety measures are not taken while handling it. The major applications of chloroplatinic acid includes platinum metal production, production of catalysis, indelible ink, photography, platinum mirrors, electroplating, producing color, printing, microscopy. High priced metal platinum is involved in the production of chloroplatinic acid, which makes it a high priced compound. Fluctuations in demand for chloroplatinic acid from various industries, can affect the prices of chloroplatinic acid in the market. Chloroplatinic acid is also used in rubber industry, and in the platinum metal purification. Chloroplatinic acid also finds its uses as analytical reagent in laboratory analysis.