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Iron Ore Price Per Kg — 10-Day Movement
All prices in ₹ per gram · daily rate, updated once per day
Iron Ore Price Per Kg — The Number That Actually Gets Used
The iron ore price per kg in India today comes to ₹8.54, worked out from a live per-gram rate of ₹0.01 on September 17, 2026. Nobody buying or selling iron ore internationally thinks in kilograms — the trade runs per dry metric tonne — but a kg figure is the one that lines up with how this site prices every other metal, and it's small enough to sanity-check quickly.
The pipeline behind that number is straightforward: the international seaborne iron ore benchmark, referenced to 62% Fe fines delivered to China, gets converted into rupees at the day's USD/INR rate. What lands on this page is that converted figure, scaled down to a per-kg and per-gram basis.
- 1 gram: ₹0.01
- 10 grams: ₹0.09
- 100 grams: ₹0.85
- 1 kilogram: ₹8.54
- 1 metric tonne: ₹8,535.00
Iron Ore Price Per Kg and Other Trading Units
Today's Iron Ore rate is Less than One Rupees per gram. At this rate, 10 grams of Iron Ore costs Less than One Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹0.01 | Less than One Rupees |
| 8 Grams | 8.0000 g | ₹0.07 | Less than One Rupees |
| 10 Grams | 10.0000 g | ₹0.09 | Less than One Rupees |
| 100 Grams | 100.0000 g | ₹0.85 | One Rupees |
| 1 Kilogram | 1,000.0000 g | ₹8.54 | Nine Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹0.24 | Less than One Rupees |
| 1 Troy Ounce | 31.1035 g | ₹0.27 | Less than One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹8,535.00 | Eight Thousand Five Hundred and Thirty Five Rupees |
One Grade, Many Prices — Why Per Kg Isn't the Whole Story
A single per-kg figure is a useful reference point, but it hides something the physical iron ore trade never ignores: grade. Not every kilogram of iron ore is equivalent. Ore is sold as fines, lump, pellets, or concentrate, and its iron content — how close it sits to that 62% Fe reference — moves the price up or down from the benchmark shown here. Higher-grade ore costs more per kg because a steel mill gets more usable iron and less waste rock for the same tonnage fed into the furnace.
Where the per kg rate actually gets used
Steel producers and their procurement teams watch this figure because iron ore is the single largest raw-material cost in making steel through the traditional blast-furnace route. A move in the per-kg rate flows fairly directly into steel input cost, though not instantly — mills typically buy on longer contracts and shipping schedules rather than the spot number alone. Equity analysts covering mining companies watch it too, since it's the single biggest swing factor in a large iron ore miner's earnings.
Currency does its own quiet work underneath all of this. A weaker rupee lifts the India-side per kg figure even when the underlying international benchmark hasn't moved at all, purely because the conversion runs through the day's USD/INR rate before anything else touches the number.
Iron Ore Price Per Kg — Last 10 Days
The most recent Iron Ore price on record (2026-09-17) is Less than One Rupees per gram.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹0.01 | +0.00 |
| 2026-09-16 | ₹0.01 | 0.00 |
| 2026-09-15 | ₹0.01 | 0.00 |
| 2026-09-14 | ₹0.01 | +0.00 |
| 2026-09-13 | ₹0.01 | +0.00 |
| 2026-09-12 | ₹0.01 | 0.00 |
| 2026-09-11 | ₹0.01 | 0.00 |
| 2026-09-10 | ₹0.01 | 0.00 |
| 2026-09-09 | ₹0.01 | +0.00 |
| 2026-09-08 | ₹0.01 | — |
Using the Per Kg Rate for More Than Just Checking
A single day's per-kg figure is a data point. It becomes useful once you compare it — against yesterday, against last week, against the trend the 10-day history table below sets out. Anyone tracking this for procurement, for a mining-stock thesis, or out of plain curiosity about a commodity that underwrites a huge share of global construction should look at direction, not just level.
It's also worth remembering what this figure is not: it isn't the price of finished steel, and it isn't a retail product price the way gold or silver per-gram rates are. It's a raw-material reference, and treating it as anything else — assuming it maps directly onto a rebar quote, for instance — is the most common misreading of this number.
Iron Ore Price Per Kg — Common Questions
The iron ore price per kg in India today is ₹8.54, derived from a live per-gram rate of ₹0.01 as of September 17, 2026.
Iron ore trades internationally as a bulk commodity priced per dry metric tonne, referenced to a 62% Fe fines grade delivered to China. That tonne price gets converted into rupees using the day's USD/INR rate, then divided down to a per-kg and per-gram figure purely so it can sit alongside every other metal on this site.
Scaling the per-gram rate up to a full metric tonne gives approximately ₹8,535.00. Since international trade actually happens per tonne, this figure is the closest like-for-like comparison to the benchmark quote you'd see on a commodities desk.
Not exactly. This benchmark reflects the reference-grade seaborne price only. A real cargo negotiation adjusts for the ore's actual iron content, its form — fines, lump, pellet, or concentrate — plus freight and any port or handling costs, so the delivered price a mill pays can sit meaningfully above or below this reference figure.
No, and this is worth repeating because it trips people up constantly. Iron ore is the raw mineral; steel and rebar are manufactured products made from it, carrying smelting, energy, and fabrication costs on top. The two are related but never priced the same.
