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Rhodium Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Nobody Opens a Mine Looking for Rhodium
Rhodium trades at ₹25,392.68 per gram today, and it's worth sitting with how strange that is once you understand where it actually comes from. Almost every gram of rhodium in the world is produced as a byproduct of platinum and palladium mining — not because a mining company went looking for rhodium specifically, but because it happens to occur in the same ore.
That's a genuinely different supply structure from almost every other metal this site tracks. Gold mines exist to produce gold. Copper mines exist to produce copper. Rhodium doesn't get that dedicated treatment; it's a passenger on someone else's mining decision.
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 | ₹253,926.79 | Two Lakh Fifty Three Thousand Nine Hundred and Twenty Seven Rupees |
| 100 Grams | 100.0000 g | ₹2,539,267.86 | Twenty Five Lakh Thirty Nine Thousand Two Hundred and Sixty Eight Rupees |
| 1 Kilogram | 1,000.0000 g | ₹25,392,678.62 | Two Crore Fifty Three Lakh Ninety Two Thousand Six Hundred and Seventy Nine 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 | ₹789,801.18 | Seven Lakh Eighty Nine Thousand Eight Hundred and One Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹25,392,678,621.00 | Two Thousand Five Hundred and Thirty Nine Crore Twenty Six Lakh Seventy Eight Thousand Six Hundred and Twenty One Rupees |
Why the Geology Leaves No Other Option
This isn't a matter of economic convenience that could be reorganised if someone wanted to. Rhodium simply doesn't occur in deposits concentrated enough, on its own, to justify a dedicated mine — it sits within the same platinum-group-metal ore bodies as platinum and palladium, at far lower concentrations. Extracting it separately from that ore, at the volumes a standalone mine would need, isn't how the geology works.
What that means for the mining company's decisions
A mining company evaluating a new platinum-group-metal project runs its numbers on platinum and palladium prices and demand — those are the metals that make or break the investment case. Rhodium's own price barely factors into whether a mine gets built or expanded, even though rhodium can end up being extraordinarily valuable per gram once it's recovered.
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 Downstream Consequence: A Supply That Can't Respond
This is where the byproduct structure stops being a curiosity and starts explaining rhodium's price behaviour directly. When catalytic-converter demand for rhodium rises, there's no mechanism to simply produce more of it — supply is locked to platinum and palladium mining decisions, which respond to entirely different price signals. That mismatch between rhodium's own demand and its inflexible, borrowed supply is a large part of why the metal has such a well-earned reputation for dramatic price swings.
Production staying concentrated overwhelmingly in South Africa, with Russia as a smaller secondary source, adds another layer of fragility on top of that structural rigidity — the same two countries that dominate platinum and palladium mining generally, since rhodium simply travels along with whatever those operations produce.
Rhodium as a Byproduct Metal — FAQs
It means rhodium is essentially never the primary reason a mine gets developed or operated. Mining companies dig for platinum and palladium — those are what the mine's business case is built around — and rhodium comes out alongside them in the same ore, in much smaller quantities, as a secondary product. Today's rate reflecting that dynamic is ₹25,392.68 per gram.
Rhodium occurs in the earth's crust alongside platinum and palladium within the same ore bodies, not in separate deposits large or concentrated enough to justify a dedicated rhodium mine. Its natural geology, not a business decision anyone could easily change, is why byproduct production is essentially the only way it gets mined.
Substantially, yes. Because mining companies size their operations around platinum and palladium economics, rhodium supply can't expand or contract in response to rhodium's own demand. When catalytic-converter demand for rhodium rises sharply, the metal simply isn't there to meet it quickly, which is a major reason rhodium's price swings have historically been so much larger than platinum's or palladium's.
That would require finding rhodium concentrated enough in its own right to support a standalone mine, which isn't how it naturally occurs geologically as far as current mining operations show. Given that, the byproduct structure is a durable, structural feature of the rhodium market rather than something likely to change on its own.
Production is concentrated overwhelmingly in South Africa, with Russia as a smaller secondary source — the same two countries that dominate platinum and palladium mining generally, since rhodium simply rides along with that same production.
