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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 ₹26,198.97 per gram today, roughly 4.8 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.
Rhodium vs Platinum — Live Price Comparison
As of September 17, 2026
| Metal | Price | 24h Change | Recent Trend |
|---|---|---|---|
| Rh Rhodium | ₹26,198.97/g | -2.40% | -1.51% over 10 days |
| Pt Platinum | ₹5,458.65/g | -1.18% | -2.82% over 10 days |
Byproduct Economics: The Real Mechanism
Here's the part that trips people up: platinum mining companies don't decide how much rhodium to produce. They decide how much platinum to mine, based on platinum's own price and demand, and rhodium comes out as a smaller side-stream regardless of what rhodium itself is doing in the market that year.
Supply can't chase rhodium's own price
That's fundamentally different from how platinum's own supply behaves. If platinum prices rise enough, mining economics can eventually justify expanded platinum-focused operations. Rhodium has no equivalent lever — nobody opens a mine specifically to produce more rhodium. When catalytic-converter demand for rhodium spikes, supply is stuck following platinum and palladium mining decisions, not rhodium's own market signal, and that inflexibility is a major reason the price gap between the two metals can widen so sharply.
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 |
What This Means Beyond the Headline Number
For anyone comparing the two as an investment idea, the practical gap matters as much as the price gap. Platinum has some retail-facing bullion presence and a broader demand base cushioning its price. Rhodium has essentially no retail bullion market at all, and its investment exposure runs almost entirely through platinum-group-metal mining company shares rather than the physical metal itself.
Whether that price multiple between rhodium and platinum widens or narrows going forward depends on the same two forces that always drive rhodium: catalytic-converter demand trends and how much platinum and palladium mining — and the rhodium that rides along with it — actually gets produced in South Africa and Russia.
Rhodium Price — Last 10 Days
The most recent Rhodium price on record (2026-09-17) is Five Thousand Four Hundred and Fifty Nine Rupees per gram. This is down by Sixty Five Rupees from the previous day's rate of ₹5,523.85.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹5,458.65 | -65.20 |
| 2026-09-16 | ₹5,523.85 | +66.88 |
| 2026-09-15 | ₹5,456.97 | -11.89 |
| 2026-09-14 | ₹5,468.86 | -56.67 |
| 2026-09-13 | ₹5,525.53 | +0.09 |
| 2026-09-12 | ₹5,525.44 | +0.76 |
| 2026-09-11 | ₹5,524.68 | -32.65 |
| 2026-09-10 | ₹5,557.32 | -306.47 |
| 2026-09-09 | ₹5,863.80 | +246.66 |
| 2026-09-08 | ₹5,617.13 | — |
Rhodium vs Platinum — FAQs
It comes down to scale and concentration, not quality. Platinum has a broad demand base — jewellery, diesel catalytic converters, hydrogen fuel cell research — spread across a meaningfully larger mined supply. Rhodium's demand is concentrated almost entirely in catalytic converters, and it's produced only as a small byproduct stream of that same platinum mining. A little demand chasing a very small, inflexible supply is what pushes its per-gram price so far above its own parent metal.
As of September 17, 2026, rhodium is trading at roughly 4.8 times platinum's per-gram price. That multiple moves around a lot more than most metal-to-metal ratios, given rhodium's well-documented volatility, so check the live comparison table on this page rather than treating any single ratio as fixed.
It does, to a degree — but the relationship isn't something a mining company can dial up on demand. Platinum mining decisions are driven by platinum's own price and demand, not rhodium's. If platinum economics don't justify more mining, rhodium output doesn't increase either, regardless of how strong rhodium demand happens to be at the time.
They're genuinely different propositions. Platinum has an established, if modest, retail bullion market in some form and a broader demand base. Rhodium has essentially no retail bullion market at all — real exposure comes indirectly through platinum-group-metal mining shares. Anyone drawn to rhodium's dramatic price moves should understand they're accepting a much less liquid, much more concentrated market than platinum's.
For the live comparison between platinum and palladium specifically — including how their price relationship has flipped over time due to diesel-versus-gasoline catalytic converter demand — the dedicated platinum vs palladium price page covers that pairing directly, and the gold vs platinum price page covers gold's own relationship with platinum.
