Track the live rhodium spot price per troy ounce, gram, and kilogram below. Rhodium is exceptionally volatile; physical bars are less liquid than gold or silver, and retail premiums can be wide.
| Rhodium Spot Price | Bid | Ask | Change | % Change |
|---|---|---|---|---|
| Price Per Ounce | $10250.00 | $10300.00 | $0.00 | n/a |
| Price Per Gram | $329.54 | $331.15 | $0.00 | n/a |
| Price Per Kilo | $329544.67 | $331152.21 | $0.00 | n/a |
Default view shows daily averages for the last 30 days. Other ranges load on demand.
Rhodium is one of the rarest and most valuable precious metals on Earth. It is a platinum group metal (PGM) with a brilliant silvery-white appearance and exceptional resistance to corrosion. Annual global rhodium production is approximately 1 million ounces—roughly 1/3 of palladium production and 1/6 of platinum production—making it one of the scarcest tradable commodities.
Like palladium and platinum, rhodium’s primary use is in automotive catalytic converters. Rhodium is uniquely effective at reducing nitrogen oxide (NOx) emissions, a function that neither platinum nor palladium can perform as efficiently. Approximately 80–85% of annual rhodium demand comes from the automotive sector. Tightening emissions standards worldwide, particularly for NOx, have driven sustained demand growth.
Rhodium is not mined as a primary product—it is a byproduct of platinum and nickel mining. South Africa produces approximately 80% of the world’s rhodium, with the remainder coming from Russia, Zimbabwe, and small quantities from North America. This extreme supply concentration, combined with rhodium’s tiny market size, means that even small changes in demand or supply can cause enormous price swings.
Rhodium is the most volatile precious metal by a wide margin. In 2020–2021, rhodium prices surged from approximately $6,000 to over $29,000 per ounce—a nearly fivefold increase in just over a year. Prices subsequently fell back below $5,000 by 2023. This extreme volatility is a direct consequence of rhodium’s tiny market, concentrated supply, and inelastic demand (automakers need it regardless of price).
Rhodium’s price history reads like no other precious metal. In 2008, rhodium reached an all-time high of approximately $10,000 per ounce before crashing to under $1,000 during the financial crisis. It then spent most of 2009–2019 trading between $600 and $2,500. The 2020–2021 spike to $29,000 was driven by severe supply disruptions from South African mine shutdowns, tightening emissions standards, and extremely low above-ground inventories.
This history demonstrates both the opportunity and the risk of rhodium: the metal can produce extraordinary returns but also devastating losses if purchased at cycle peaks.
Unlike gold, silver, and platinum, physical rhodium is difficult to buy in traditional bullion form. There are no government-minted rhodium coins. However, privately minted rhodium bars are available from manufacturers such as Baird & Co., PAMP Suisse, and Cohen Mint in sizes ranging from 1 gram to 5 ounces. Rhodium bars carry very high premiums (often 15–25% above spot) due to the metal’s scarcity and the small size of the investment market.
Some investors gain rhodium exposure through ETFs or through specialist precious metals dealers who offer allocated rhodium storage. Due to the high premiums and limited liquidity, rhodium is generally considered an advanced investment suitable for those with deep knowledge of PGM markets. When available, compare listings such as our 1 oz rhodium bar page and closest-to-spot for rhodium.
Like palladium, rhodium faces long-term demand risk from the shift to electric vehicles. However, rhodium’s unique NOx reduction capability means it is likely to be the last PGM displaced by EVs. Hybrid vehicles, which are expected to maintain significant market share for at least another decade, still require full catalytic converter systems including rhodium. Additionally, tighter emissions standards for remaining combustion vehicles may actually increase per-vehicle rhodium loading in the medium term.
FindBullionPrices.com tracks rhodium prices from market data providers. Unlike gold and silver, rhodium does not trade on futures exchanges—its price is set through dealer transactions and benchmark prices published by Johnson Matthey and the LPPM. Our charts reflect the most current available market pricing. Visit our methodology page for details.
The rhodium spot price is the current market price for one troy ounce of rhodium. Unlike gold and silver, rhodium does not trade on futures exchanges. Its price is determined through over-the-counter dealer transactions and benchmark prices published by organizations like Johnson Matthey and the LPPM.
Rhodium is one of the rarest elements on Earth. Annual production is only about 1 million ounces (compared to roughly 100 million ounces for silver). Its unique ability to reduce NOx emissions makes it irreplaceable in catalytic converters, and 80% of supply comes from South Africa. This combination of scarcity, concentrated supply, and inelastic demand produces extreme prices.
Rhodium’s extreme volatility stems from its tiny market size (roughly $5–10 billion total annual production), concentrated supply, and the lack of a liquid futures market. Without a futures market to smooth price discovery, rhodium prices are set by physical dealer transactions, which can gap significantly when supply or demand shifts.
Approximately 80–85% of rhodium is used in automotive catalytic converters to reduce nitrogen oxide (NOx) emissions. The remainder is used in the chemical industry (as a catalyst in processes like acetic acid production), glass manufacturing, and jewelry plating. Rhodium’s brilliant white finish makes it popular for plating white gold jewelry.
Yes, though options are limited compared to gold, silver, or platinum. Privately minted rhodium bars are available from Baird & Co., PAMP Suisse, and Cohen Mint in sizes from 1 gram to 5 ounces. There are no government-minted rhodium coins. Premiums are typically 15–25% above spot price. Some dealers also offer allocated rhodium storage accounts.
Rhodium can produce extraordinary returns but also devastating losses. It rose from $600 to $29,000 between 2016 and 2021, then fell back to under $5,000. The metal is best suited for experienced investors who understand PGM supply and demand dynamics and can tolerate extreme volatility. It should represent only a small portion of a diversified portfolio. Consult a financial professional before investing.
Yes, long-term. Battery electric vehicles don’t use catalytic converters, which would eliminate rhodium demand. However, rhodium’s NOx reduction capability is uniquely difficult to replace, making it likely the last PGM to be displaced. Hybrids and tighter emissions standards may support rhodium demand through at least 2035. The timing and pace of the EV transition remain the key variables.
Rhodium is far rarer and more volatile than gold or silver. It lacks a liquid futures market, has much higher dealer premiums, and is driven almost entirely by automotive demand. Gold and silver are considered more traditional safe-haven assets with broader investment infrastructure (ETFs, futures, wide dealer selection). Rhodium is best viewed as a specialized, high-risk, high-reward complement to core gold and silver holdings.
