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Rhodium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
The Most Volatile Precious Metal, and Why
No other precious metal moves the way rhodium does. It has crashed from five-figure territory to under $1,000 an ounce, and separately spiked to nearly $29,800 an ounce, both within the span of about a decade. That's not random noise — it's the direct result of three structural features working together. Today's rhodium reference rate is ₹26,198.97 per gram on September 17, 2026.
- No futures market: rhodium has no exchange-traded futures contract at all
- Concentrated supply: produced almost entirely as a byproduct of platinum/palladium mining, mostly in South Africa
- Thin physical market: total trading volume is a tiny fraction of gold's or even palladium's
Rhodium Price by Weight
Today's Rhodium rate is Twenty Six Thousand One Hundred and Ninety Nine Rupees per gram. At this rate, 10 grams of Rhodium costs Two Lakh Sixty One Thousand Nine Hundred and Ninety Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹26,198.97 | Twenty Six Thousand One Hundred and Ninety Nine Rupees |
| 8 Grams | 8.0000 g | ₹209,591.75 | Two Lakh Nine Thousand Five Hundred and Ninety Two Rupees |
| 10 Grams | 10.0000 g | ₹261,989.68 | Two Lakh Sixty One Thousand Nine Hundred and Ninety Rupees |
| 100 Grams | 100.0000 g | ₹2,619,896.85 | Twenty Six Lakh Nineteen Thousand Eight Hundred and Ninety Seven Rupees |
| 1 Kilogram | 1,000.0000 g | ₹26,198,968.46 | Two Crore Sixty One Lakh Ninety Eight Thousand Nine Hundred and Sixty Eight Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹742,727.66 | Seven Lakh Forty Two Thousand Seven Hundred and Twenty Eight Rupees |
| 1 Troy Ounce | 31.1035 g | ₹814,879.62 | Eight Lakh Fourteen Thousand Eight Hundred and Eighty Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹26,198,968,462.00 | Two Thousand Six Hundred and Nineteen Crore Eighty Nine Lakh Sixty Eight Thousand Four Hundred and Sixty Two Rupees |
The Full Arc: 2008 to 2021 and Beyond
Rhodium traded around $10,000 an ounce in 2008 before crashing to under $1,000 during the global financial crisis, as auto-catalyst demand collapsed alongside vehicle production. Through the 2010s it traded in a wide $600-$2,500 range, dipping below $1,000 again around 2016-2017. Then, in March 2021, it hit a record near $29,800 an ounce, according to Johnson Matthey data — driven by outages at Anglo American Platinum's Converter Plant (ACP) restricting supply just as demand held firm. Weekly price fluctuations at the peak exceeded $3,000 an ounce, a move size that would be extraordinary for almost any other commodity.
Why the lack of a futures market matters so much
A futures market lets buyers and sellers hedge positions and lets new information get absorbed gradually through trading. Rhodium has none of that — its price only moves when someone actually transacts physical metal, which concentrates adjustment into fewer, larger, and more sudden price swings than a metal with an active derivatives market would ever see.
| Period | Approximate Price Level | Driver |
|---|---|---|
| 2008 | ~$10,000/oz, then crash to <$1,000 | Global financial crisis, auto demand collapse |
| 2009-2019 | $600-$2,500/oz range | Recovering, uneven auto-catalyst demand |
| 2016-2017 | Dipped below $1,000/oz | Weak demand period |
| March 2021 | ~$29,800/oz record (Johnson Matthey) | ACP outages restricting supply |
Rhodium Price — Last 10 Days
The most recent Rhodium price on record (2026-09-17) is Twenty Six Thousand One Hundred and Ninety Nine Rupees per gram. This is down by Six Hundred and Forty Five Rupees from the previous day's rate of ₹26,843.80.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹26,198.97 | -644.84 |
| 2026-09-16 | ₹26,843.80 | -6.75 |
| 2026-09-15 | ₹26,850.55 | +45.15 |
| 2026-09-14 | ₹26,805.40 | -717.89 |
| 2026-09-13 | ₹27,523.29 | +0.46 |
| 2026-09-12 | ₹27,522.83 | +17.70 |
| 2026-09-11 | ₹27,505.13 | +258.00 |
| 2026-09-10 | ₹27,247.13 | +276.61 |
| 2026-09-09 | ₹26,970.53 | +368.84 |
| 2026-09-08 | ₹26,601.69 | — |
What This Means for Anyone Tracking Rhodium
Rhodium's volatility isn't a temporary market quirk — it's a persistent structural feature tied to how the metal is produced and traded. Anyone following its price should expect moves far larger and faster than gold, silver, or even palladium ever produce, and should size any exposure to rhodium accordingly.
The comparison table and 10-day history above track the current trend. For the full historical picture, the site's own rhodium price history page holds real recorded data.
Rhodium Volatility — FAQs
Three structural factors combine: rhodium has no exchange-traded futures contract to absorb shocks through trading, its supply is concentrated almost entirely in South Africa as a byproduct of platinum and palladium mining, and its total physical market is exceptionally small — all of which let sharp supply or demand shifts move the price dramatically.
Rhodium crashed from around $10,000 an ounce in 2008 to under $1,000 during the financial crisis, spent most of the 2010s in a $600-$2,500 range, dipped below $1,000 again around 2016-2017, then surged to a record near $29,800 an ounce in March 2021, per Johnson Matthey — with weekly price fluctuations exceeding $3,000 an ounce at the peak.
Outages at Anglo American Platinum's Converter Plant (ACP) in South Africa restricted supply just as auto-catalyst demand held strong, and with no futures market to smooth the imbalance, the thin physical market absorbed the shock through an extreme price move instead.
Yes — a futures market lets buyers and sellers hedge and lets prices adjust gradually as new information arrives. Without one, rhodium's price only moves when someone actually needs physical metal, which concentrates adjustment into fewer, larger, more sudden price moves.
That depends on future changes to its market structure, supply diversification, and whether a standardized futures contract ever gains real trading volume — none of which is settled, so rhodium's volatility should be treated as a persistent structural feature of the metal rather than a temporary condition.
