315,37 $/g
Chart powered by TradingView · metametals.com
The price shown is the rhodium spot reference rate and refers to rhodium in unprocessed form (sponge, powder, or mesh), as it is traded between refiners and industrial buyers. Physical rhodium bars trade at a premium, since fabrication, purity testing, purification and certification add steps. See our rhodium bars with current prices →
Rhodium Price: Live Rates per Gram, Ounce & Kilogram
The rhodium price is among the highest of any precious metal — rhodium regularly trades at several times the price of gold. Because the market is small and supply is tightly concentrated, the price of rhodium can move sharply, which is exactly why it draws attention from precious-metal investors.
Above you'll find the current rhodium price per gram, ounce and kilogram. Below we explain what drives it and how it compares to gold and platinum.
Why is rhodium so expensive?
Several factors push the rhodium price so high, and they are the same forces that affect other platinum-group metals like osmium and iridium:
Extreme rarity
Rhodium is one of the rarest precious metals on Earth. Only around 30 tonnes are produced per year, compared with nearly 3,000 tonnes of gold — roughly a hundredfold difference in annual supply.
Concentrated industrial demand
Most rhodium is consumed by industry, above all as a catalyst in automotive catalytic converters, plus uses in the chemical and technology sectors. When demand from these industries rises, the small supply base means the price can react strongly.
Costly production
Refining rhodium into compact, sintered bars is technically demanding. Rhodium powder is cheaper, but it is difficult to store and far less practical than a solid bar. Producing safe, compact bars in defined weight classes adds cost that is reflected in the price.
Together, a tiny supply, volatile industrial demand and complex production make rhodium both expensive and notably volatile.
Rhodium compared to gold and platinum
Rhodium, gold and platinum are all traded as precious metals, but they behave very differently on price. Rhodium is considered one of the most expensive precious metals in the world and has at times traded at several times the gold price — and well above platinum, which belongs to the same platinum group.
| Metal | Price level (per g) | Volatility | Main driver |
|---|---|---|---|
| Rhodium | Very high | Very high | Automotive and industry catalysts |
| Gold | Medium | Low–medium | Investment, central banks, jewelry |
| Platinum | Low | Medium | Industry, automotive, jewelry |
Qualitative guide; see the live chart above for current prices per gram, ounce and kilogram.
The key difference is volatility. Rhodium's small, illiquid market and its heavy reliance on catalyst demand mean the price can rise and fall far more steeply than gold or platinum. For some investors that is a drawback; for others it is precisely what makes rhodium an interesting speculative asset. Over long stretches rhodium has been more valuable than gold by weight — but precious-metal prices move in both directions, and gold can at times sit above rhodium.
Compare all platinum-group metals side by side →Rhodium price history and all-time high
Rhodium's price history is one of the most dramatic of any precious metal, and it illustrates the metal's volatility better than any single figure:
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2008
Rhodium reached a then-record high of around $10,000 per ounce, then fell below $1,000 during the financial crisis.
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2009–2016
For several years the price mostly traded in a band of roughly $600 to $2,500 per ounce.
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March 2021
Rhodium set its all-time high of nearly $29,000–$29,800 per ounce, driven by South African mine supply disruptions, tightening emissions standards and very low inventories. These demand factors and loose monetary policies led to unprecedented price levels.
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By late 2024
Rate hikes as reaction to inflation and decreasing demand led to sharp price corrections
The price then stabilized at around $4,400 to $4,750 per ounce.
Around 80% of rhodium demand comes from automotive catalytic converters. That heavy dependence on a single industry, combined with a small and opaque market, explains the extreme price swings. It can also be seen that the price correlates with classic economic cycles, due to its industrial demand. (Historical figures are for context and are not financial advice.)
Did you know?
MetaMetals is developing a marketplace where we want to establish tradeability for rhodium bars and all of our physical products. Currently in development.
Learn more about the MetaMetals marketplaceDiscover more
Find answers to the most frequent questions here.
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