Hydrogen is an attractive energy carrier for future because of various reasons. Therefore its large scale production is the need of the hour. One of the ways to achieve this is sulfur iodine thermochemical cycle and HI decomposition reaction is one of the three reactions constituting the cycle. Pt/graphite catalysts with different loading of platinum were prepared by impregnating colloidal graphite with hexachloroplatinic acid solution followed by reduction under N-2 flow. The catalysts prepared have been characterized by X-ray diffraction, Raman, scanning electron microscopy, X-ray photoelectron spectroscopy and Brunauer Emmett Teller surface area. These catalysts have been employed for liquid phase HI decomposition under different conditions. To evaluate the stability of this catalyst against noble metal leaching under the reaction conditions, the eluent was analyzed by using ICP-OES. Platinum loaded catalysts (0.5%, 1% and 2%) show 8.4%, 17.5% and 23.4% conversion respectively. From the present study we conclude that Pt/graphite is a suitable and stable catalyst for liquid phase HI decomposition reaction. Copyright (c) 2015 John Wiley & Sons, Ltd.