Rhodium Price
Rhodium is quoted as a dealer-indicative price per troy ounce, not a live exchange spot price, because it has no liquid public market. The board below shows the published dealer figure, and you can convert it to grams, kilos, or any other unit. To value a specific weight, use the free metal value calculator.
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Indicative price, may be delayed. Dealers buy and sell at a premium or discount. Not financial advice.
Why rhodium has no live spot price
Gold, silver, platinum, and palladium all trade on deep, continuous markets, so a spot price for them updates second by second. Rhodium does not. It is one of the rarest of the platinum-group metals, mined in tiny quantities, and the amount that changes hands each day is small. There is no central exchange running a live, tradable rhodium quote for the public. Instead, the price is thin and dealer-quoted, which is why a rhodium figure is best treated as indicative rather than an exact market rate you can transact at instantly.
A thin market also means the price can move sharply on relatively little buying or selling. That is normal for rhodium and part of why its history includes dramatic swings.
Where this price comes from
The rhodium number on this page is a published dealer price. Major refiners and metal houses list indicative prices for the rare platinum-group metals, and this site uses one such published dealer table (Umicore). Because it is not a live feed, the board carries a clear stamp and a stale marker so you always know you are looking at a dealer-indicative figure rather than a real-time spot quote. At the time of the latest published table, the reference price was on the order of $8,150 per troy ounce (dealer price, July 2026); the board above shows the figure the site currently carries, and a real dealer will still quote you a premium to buy and a discount to sell.
How to read it: the price per troy ounce is the headline. The table converts that same figure to a gram, pennyweight, ounce, pound, and kilo, so you can match whatever weight you are working with.
What rhodium is used for
Rhodium demand is overwhelmingly industrial, and one application dominates: autocatalysts, the catalytic converters in gasoline vehicles. Rhodium is exceptionally good at turning harmful nitrogen-oxide emissions into harmless nitrogen and oxygen, and there is no easy substitute at scale. That single use case drives the bulk of demand, so tighter emissions rules and the health of car manufacturing tend to matter far more to rhodium than jewelry or investment buying, which are minor by comparison. Smaller amounts go into glassmaking, chemical catalysts, and electrical contacts, and rhodium is sometimes used as a bright, hard plating over white gold and silver.
Because so much of the metal ends up in exhaust systems, and because it is worth a great deal per ounce, rhodium is a well-known target for catalytic converter theft.
Why rhodium is so expensive
The short version: it is genuinely rare, produced almost entirely as a byproduct of platinum and nickel mining, and demand is concentrated in a use with few alternatives. The result is a small, jumpy market that can command extraordinary prices. The longer story, including the famous price spike, is covered in why is rhodium so expensive.
Rhodium prices here are dealer-indicative and can be delayed. Dealers buy and sell at a premium or discount to the quoted price. Nothing on this site is an offer to buy or sell, and nothing here is investment advice. Confirm any price with a dealer before a transaction.