Home / Rhodium Price
Rhodium Price Today
Last updated: April 30, 2026 at 10:00 AM EDT ET · Source: COMEX / LBMA
Calculate Rhodium Value
1 Grams (g) of Rhodium
$144.68
Spot price: $4,500.00/oz
Rate: 1 USD = 1 USD
Approximate value - excludes taxes, premiums
Exchange rates are indicative. Actual buy/sell prices include dealer premiums. Not financial advice.
Price by Weight
| Unit | USD Price |
|---|---|
| Troy Ounce (oz t) | $4,500.00 |
| Gram (g) | $144.68 |
| Kilogram (kg) | $144,678.25 |
| Tola (10g) | $1,446.78 |
| Pennyweight (dwt) | $225.00 |
Price by Currency (per troy oz)
| Currency | Price |
|---|---|
| 🇺🇸USD | $4,500.00 |
| 🇨🇦CAD | CA$6,120.00 |
| 🇪🇺EUR | €4,140.00 |
| 🇬🇧GBP | £3,555.00 |
| 🇦🇺AUD | A$6,930.00 |
| 🇨🇭CHF | Fr4,050.00 |
| 🇯🇵JPY | ¥690,750 |
| 🇮🇳INR | ₹375,300 |
Exchange rates are approximate. Source: COMEX / LBMA
About Rhodium
Rhodium is the rarest and one of the most valuable metals on Earth, a member of the platinum group metals (PGMs) alongside platinum, palladium, iridium, osmium, and ruthenium. With global annual production of only 20–30 metric tons — primarily from South Africa's Bushveld Complex — rhodium supply is extraordinarily constrained, making it highly susceptible to price volatility.
Rhodium's primary industrial application is in three-way catalytic converters for gasoline-powered vehicles, where it reduces harmful nitrogen oxide (NOx) emissions to comply with emissions regulations. This single use case accounts for approximately 80–90% of total rhodium demand, making the metal's price intensely correlated with automotive production levels and emissions legislation tightening globally.
The price volatility of rhodium is legendary in commodities markets. In 2021, rhodium briefly spiked above $29,000 per troy ounce — the highest price ever recorded for the metal — before correcting sharply as automotive demand softened amid semiconductor shortages and EV transition concerns. This extreme price behavior reflects the metal's illiquid market structure and concentrated supply base.
Secondary uses of rhodium include electroplating (producing a highly reflective, tarnish-resistant surface for jewelry and decorative items), electrical contacts in telecommunications, specialized glass fiber production, and as a catalyst in chemical manufacturing processes including acetic acid production.
Unlike gold and silver, there are no significant rhodium ETFs or easily tradable futures contracts, making price discovery dependent on OTC (over-the-counter) dealer quotes. Investors wishing to gain rhodium exposure typically do so through PGM mining stocks or physical rhodium sponge purchased from specialist dealers.
Frequently Asked Questions
Why is rhodium so expensive?
Rhodium is extraordinarily rare — global annual production is only about 20–30 metric tons, almost entirely from South Africa. Combined with strong demand from catalytic converter manufacturers, this extreme supply scarcity pushes prices to among the highest of any metal on Earth.
What is rhodium used for?
About 80–90% of rhodium demand comes from three-way catalytic converters in gasoline vehicles, where it reduces nitrogen oxide (NOx) emissions. Other uses include electroplating jewelry, electrical contacts, specialized glass production, and chemical catalysis.
How volatile are rhodium prices?
Extremely volatile. Rhodium surged from ~$640/oz in 2016 to over $29,000/oz in 2021 — a 45x increase — before falling back sharply. This volatility reflects the metal's tiny market size, concentrated supply, and near-total dependence on automotive demand.
Will electric vehicles reduce rhodium demand?
Potentially yes, over the long term. Electric vehicles don't require catalytic converters and therefore use no rhodium. However, hybrid vehicles still require catalysts, and stringent emissions rules for ICE vehicles continue to support rhodium demand through the 2030s.
How can I invest in rhodium?
Rhodium has no widely-traded ETF or futures contract. Options include physical rhodium sponge (purchased from specialist metals dealers), PGM mining stocks (like Sibanye-Stillwater or Impala Platinum), or diversified precious metals funds with PGM exposure.