Today's Rhodium Price in India — September 16, 2026

Rhodium: The Rarest Precious Metal in Everyday Use

Rhodium is one of the rarest and most expensive precious metals in the world, at times trading for many multiples of the gold price. Its primary use is inside three-way catalytic converters, where it's especially effective at reducing nitrogen oxide (NOx) emissions from petrol engines — a role platinum and palladium alone can't fully replace.

Global supply is dominated by South Africa, with a smaller share from Russia, and is almost entirely a byproduct of platinum and nickel mining rather than mined on its own. Because the market is so small and illiquid, rhodium prices can move dramatically on relatively modest shifts in auto-sector demand or mine supply — far more sharply than gold, silver, or platinum.

Outside the automotive sector, rhodium is used in electroplating (including the bright, tarnish-resistant rhodium plating applied to white gold and silver jewellery), in glass-fibre manufacturing, and in some specialty chemical catalysts.