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Rhodium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
One Job, Done Almost Everywhere Rhodium Goes
At ₹25,392.68 per gram, rhodium is expensive for a strikingly simple reason: it does one job, and does it well enough that nothing else has fully replaced it. That job is inside the catalytic converter of a gasoline or diesel car, where rhodium helps convert nitrogen oxides — a harmful component of vehicle exhaust — into less harmful nitrogen and oxygen.
This is genuinely rhodium's dominant, near-exclusive major use. Compare that with platinum or palladium, which each have real secondary markets — jewellery, electronics, industrial catalysts — cushioning their price against any single source of demand. Rhodium mostly doesn't have that cushion, which is a big part of why its price behaves so differently from the other platinum-group metals.
Rhodium Price by Weight
Today's Rhodium rate is Twenty Five Thousand Three Hundred and Ninety Three Rupees per gram. At this rate, 10 grams of Rhodium costs Two Lakh Fifty Three Thousand Nine Hundred and Twenty Seven Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹25,392.68 | Twenty Five Thousand Three Hundred and Ninety Three Rupees |
| 8 Grams | 8.0000 g | ₹203,141.43 | Two Lakh Three Thousand One Hundred and Forty One Rupees |
| 10 Grams | 10.0000 g | ₹253,926.78 | Two Lakh Fifty Three Thousand Nine Hundred and Twenty Seven Rupees |
| 100 Grams | 100.0000 g | ₹2,539,267.84 | Twenty Five Lakh Thirty Nine Thousand Two Hundred and Sixty Eight Rupees |
| 1 Kilogram | 1,000.0000 g | ₹25,392,678.40 | Two Crore Fifty Three Lakh Ninety Two Thousand Six Hundred and Seventy Eight Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹719,869.74 | Seven Lakh Nineteen Thousand Eight Hundred and Seventy Rupees |
| 1 Troy Ounce | 31.1035 g | ₹789,801.17 | Seven Lakh Eighty Nine Thousand Eight Hundred and One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹25,392,678,399.00 | Two Thousand Five Hundred and Thirty Nine Crore Twenty Six Lakh Seventy Eight Thousand Three Hundred and Ninety Nine Rupees |
Why It's Hard to Swap Out
Automakers have every financial incentive to reduce or replace rhodium if they could — it's the most expensive metal in most catalytic converter formulations. But rhodium's catalytic properties for nitrogen oxide reduction aren't fully matched by platinum or palladium alone, which is why converter designs still rely on it despite decades of pressure to engineer around the cost.
The small uses beyond the engine
Outside the automotive world, rhodium shows up in smaller, genuinely minor roles: rhodium plating on white gold or silver jewellery, valued for a bright, hard, tarnish-resistant finish, and occasional use in laboratory equipment and specialised electrical contacts. None of these come anywhere near the scale of catalytic-converter demand — they're worth knowing about, but they don't drive the price the way emissions regulation and auto production do.
Rhodium Price — Last 10 Days
The most recent Rhodium price on record (2026-11-02) is Twenty Five Thousand Three Hundred and Ninety Three Rupees per gram. This is up by Seventy Rupees from the previous day's rate of ₹25,323.11.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-11-02 | ₹25,392.68 | +69.57 |
| 2026-11-01 | ₹25,323.11 | -5.48 |
| 2026-10-31 | ₹25,328.59 | -5.50 |
| 2026-10-30 | ₹25,334.09 | -37.28 |
| 2026-10-29 | ₹25,371.36 | +32.52 |
| 2026-10-28 | ₹25,338.84 | +59.60 |
| 2026-10-27 | ₹25,279.24 | -249.90 |
| 2026-10-26 | ₹25,529.15 | +68.31 |
| 2026-10-25 | ₹25,460.84 | -26.01 |
| 2026-10-24 | ₹25,486.85 | — |
The Same Demand Story Explains the Theft Headlines
Catalytic converter theft has become a genuine, widely reported problem in several countries, and it's directly tied to this same demand story. A stolen converter's value comes from the platinum-group metals packed into its ceramic core — rhodium included — and rhodium's high per-gram price makes even a small converter worth targeting for scrap.
That's an uncomfortable but honest way to understand rhodium's real-world value: it's not a metal people covet for its appearance or as a store of wealth. It's valuable because of what it does, quietly, inside millions of exhaust systems worldwide — and that narrow, essential role is exactly what keeps its price so tightly wound to the auto industry's fortunes.
What Is Rhodium Used For — FAQs
Overwhelmingly, catalytic converters — in both gasoline and diesel vehicles. Rhodium is highly effective at reducing nitrogen oxide (NOx) emissions inside the converter, and this single application accounts for the large majority of global rhodium demand. Today's rate reflecting that demand is ₹25,392.68 per gram.
A few smaller ones exist — rhodium plating is sometimes used on white gold and silver jewellery for its bright, hard, tarnish-resistant finish, and it turns up in certain lab equipment and specialised electrical contacts. None of these come close to the scale of catalytic-converter demand, which is why rhodium's price is so tightly tied to the auto industry compared with platinum or palladium.
Rhodium has particular catalytic properties for nitrogen oxide reduction that platinum and palladium alone don't fully replicate at the same effectiveness. Automakers have researched alternatives and adjusted formulations over the years, but a full substitute that matches rhodium's performance for this specific job hasn't displaced it as the standard choice.
Catalytic converter theft is a real, well-documented problem in several countries, and it's directly connected to the value of the platinum-group metals — including rhodium — packed inside a converter's ceramic core. Rhodium's high per-gram value is one of the reasons a stolen converter can be worth targeting for scrap metal recyclers and thieves alike.
Not as a standalone jewellery metal — there is no meaningful rhodium jewellery market. What does exist is rhodium plating, a thin surface finish applied over white gold or silver to give it a brighter, harder, more tarnish-resistant look. That's a cosmetic and protective use, not the same as rhodium itself being the jewellery material.
