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Rhodium Price Trend — Last 10 Days
All prices in ₹ per gram · daily rate, updated once per day
Demand That Doesn't Care About the Price
Rhodium sits at ₹26,198.97 per gram today, and the biggest reason it can climb that high is uncomfortably simple: the people who need it have to buy it anyway. Rhodium goes into catalytic converters to cut nitrogen oxide emissions, and there's no widely-used substitute doing that job at the same level of effectiveness. Automakers don't have the option of shrugging off a price spike and switching to something cheaper — emissions rules set the volume they need, and rhodium is what gets them there.
That's a very different demand profile from gold. Nobody is legally required to buy gold jewellery or gold bars. Plenty of buyers walk away when the price runs too high, and that walking-away is exactly what keeps a market's price movements in check. Rhodium demand doesn't have that release valve in the same way, at least not within the volumes emissions regulations require, and that's a large part of why the numbers below look the way they do:
- 1 gram: ₹26,198.97
- 10 grams: ₹261,989.68
- 1 troy ounce (31.1034768g): ₹814,879.01
There's a supply story here too — rhodium comes out of the ground mostly as a byproduct of South African platinum and palladium mining, not as a target metal on its own, which limits how fast production can respond. That's a real factor, and it's worth understanding in its own right, but it's not what this page is about; the byproduct mechanism gets its full treatment on our dedicated page linked below.
Rhodium Price by Weight Today
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 |
A Market Too Small to Absorb Its Own Shocks
Put rhodium's total market next to gold's, or even platinum's, and the difference in scale is obvious to anyone who has watched both for a while. Gold gets mined, refined, and traded across dozens of countries, held by central banks, packed into jewellery counters in every city, and wrapped into ETFs that ordinary investors buy with a few taps on a phone. Rhodium has almost none of that breadth — it moves through a handful of refiners and industrial buyers, mostly automakers and their component suppliers, and stops there.
Small markets move differently than large ones. When a buyer pool that size sees even a modest change in what's available, or how much converter-grade rhodium a few large automakers need this quarter, the price doesn't drift — it can jump. There simply isn't the trading depth to cushion the move the way a market gold's size can.
No exchange, no ETF, no dampening mechanism
This is the part that surprises people who assume every precious metal trades the way gold does. Rhodium has no major public futures exchange the way gold has MCX in India or COMEX internationally, and there's no mainstream rhodium ETF an ordinary investor can buy into. Pricing runs mostly through direct dealer and refiner quotes — an over-the-counter market, not an exchange-quoted one. Exchanges and ETFs do real work in other metals: they let speculators, hedgers, and long-term holders trade in and out constantly, and that constant churn tends to smooth price moves rather than amplify them. Rhodium doesn't have that mechanism, so a shift in supply or demand shows up in the price with much less friction to slow it down.
| Characteristic | Rhodium | Gold |
|---|---|---|
| Total market size | Very small relative to the other tracked precious metals | Large, among the biggest of any precious metal |
| Major futures exchange | None — priced mostly via dealer/refiner quotes | Yes — MCX in India, COMEX internationally |
| Mainstream ETF access | Essentially none for retail investors | Multiple gold ETFs widely available |
| Primary demand driver | Catalytic converters (near-exclusive) | Jewellery, investment, and central bank reserves |
| Typical trading channel | Over-the-counter, refiner to end-user | Exchange-traded plus retail bullion and jewellery markets |
| Retail bullion market | Minimal to none | Well established — coins, bars, jewellery |
10-Day Rhodium Price History
The most recent Rhodium price on record (2026-09-17) is Twenty Six Thousand One Hundred and Ninety Nine Rupees per gram. This is down by Six Hundred and Forty Five Rupees from the previous day's rate of ₹26,843.80.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹26,198.97 | -644.84 |
| 2026-09-16 | ₹26,843.80 | -6.75 |
| 2026-09-15 | ₹26,850.55 | +45.15 |
| 2026-09-14 | ₹26,805.40 | -717.89 |
| 2026-09-13 | ₹27,523.29 | +0.46 |
| 2026-09-12 | ₹27,522.83 | +17.70 |
| 2026-09-11 | ₹27,505.13 | +258.00 |
| 2026-09-10 | ₹27,247.13 | +276.61 |
| 2026-09-09 | ₹26,970.53 | +368.84 |
| 2026-09-08 | ₹26,601.69 | — |
What This Means If You're Watching the Price
None of this means rhodium's price is random. It means the normal shock absorbers other precious metals rely on — deep trading volume, a futures market, an ETF pool of buyers and sellers — mostly aren't there for rhodium. So the same underlying story, a fixed pool of catalytic-converter demand meeting a supply that can't expand quickly, gets expressed through much bigger price swings than gold, silver, or platinum tend to show for a comparable change in fundamentals.
Anyone tracking rhodium for investment reasons should go in understanding that. Some analysts argue that slower growth in global vehicle production, or a shift toward electric vehicles that don't need catalytic converters at all, could ease demand pressure over the coming years. Others point out that emissions standards keep tightening in many markets, which cuts the other way. Nobody can say with certainty how that balance resolves, and this page won't pretend otherwise — the honest takeaway is that rhodium's combination of inelastic demand and a thin, exchange-free market is what makes it expensive and volatile at the same time, not one or the other alone.
Why Rhodium Costs So Much — FAQs
Mostly because of how narrow and inflexible its demand and market are. Rhodium's demand comes almost entirely from catalytic converters, where automakers need it regardless of price to meet emissions rules — there's no substitute doing the same job at the same effectiveness. That inelastic demand is chasing a market so small, with no futures exchange or ETF to spread trading around, that price moves can be dramatic. Today it stands at ₹26,198.97 per gram.
For extended stretches, yes — rhodium has traded well above gold, silver, and even platinum on a per-gram basis. It isn't a fixed law of the market, though; rhodium's price has swung dramatically in both directions over time, so its exact ranking against other metals shifts. Check today's live rate above rather than assuming a permanent gap.
The market is simply too small and too thin to support the kind of liquid, exchange-traded product gold or silver have. Rhodium trades mostly through direct dealer and refiner quotes rather than a major public exchange, which means there's no large pool of investment money smoothing out price swings the way gold ETFs and futures contracts do for that metal.
It's part of the picture, though not the whole story. Rhodium is produced mostly as a byproduct of platinum and palladium mining rather than mined on its own, which limits how quickly supply can respond to demand. That supply-side mechanism is covered in full on our dedicated byproduct-metal page — this page focuses on the demand and market-structure side of the equation.
Essential demand and a stable price aren't the same thing. Because the total rhodium market is small and trades mostly over the counter between refiners and end-users, even a modest shift in how much supply is available, or how much automakers need in a given quarter, can move the price by a large percentage. A market that size simply doesn't have the depth to absorb shocks quietly.
It has moved through very different relationships with other precious metals over its history, and there is no reliable way to say for certain where that ratio goes next. Some analysts point to slower vehicle production or emissions-rule changes as reasons rhodium demand could ease; others note the supply side stays just as constrained either way. Treat any specific forecast, from any source, with caution.
