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Rhodium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Rhodium and Platinum Come From the Same Mine — So Why Such a Different Price?
Rhodium trades at ₹25,392.68 per gram today, roughly 5.8 times platinum's own per-gram price. That's a strange-looking gap once you know that rhodium is almost always dug up alongside platinum, from the same South African ore, by the same mining companies.
The explanation isn't about rarity in the ground — it's about demand concentration. Platinum has jewellery, diesel catalytic converters, lab and industrial equipment, and a growing hydrogen fuel cell story spreading its demand across several uses. Rhodium has essentially one job: reducing nitrogen oxide emissions inside catalytic converters. A narrow, concentrated demand pool competing for a genuinely small byproduct supply stream is what drives rhodium's price so far above the metal it's mined alongside.