Precious metals · XRH

Rhodium price

Rhodium currently trades at US$9,650 per troy ounce (≈ €8,207 · £7,192) — 21.22% below the 12-month high. Over the past 12 months it has gained 81.22%, with the annual range running from US$5,325 to US$12,250. 24-hour movement is minimal (±0.00%).

US$9,650 / troy ounce
≈ €8,207 ≈ £7,192 Unchanged 24h 62% within the 52-week range
FX Editorial Team · Data updated: · Editorially verified
Rhodium (XRH) price today US$9,650 / troy ounce, ↑ +0.00% (24h)

Rhodium chart

Interactive chart and 30-day overview

7 days
▼ −2.77%
−US$275.00
30 days
▼ −4.93%
−US$500.00
1 year
▲ +81.22%
+US$4,325
52-week range
US$5,325 62% US$12,250
Rhodium (XRH) 30-day price chart — USD, EUR, GBP

The Rhodium chart shows how the rhodium price has moved over time. The interactive view lets you switch the timeframe (from 7 days up to MAX), the currency (USD / EUR / GBP) and overlay moving averages. Click any two points to measure the percentage change between those dates.

How is rhodium priced?

Rhodium is quoted in troy ounces on the global market (1 T.oz = 31.1035 g). The unit traces back to medieval Champagne fairs in Troyes, France, and is the standard for precious-metals trading at the London Bullion Market Association (LBMA), COMEX and the Shanghai Gold Exchange.

At the current US$9,650 per troy ounce, one gram costs about US$310.25 and a one-kilogram bar is worth around US$310,254. Retail bars and coins typically trade at a premium to spot — small denominations carry higher fabrication and certification costs as a percentage, while kilo-bars sit closest to the wholesale price.

What drives the price of rhodium?

About 80–85% of rhodium demand comes from catalytic converters for petrol cars. In three-way catalytic converters, rhodium breaks down nitrogen oxides (NOx). No other metal performs this task with comparable efficiency. Tighter emissions standards, including Euro 6 in the EU, Bharat 6 in India and China 6 in China, directly increase rhodium loadings per vehicle. The price therefore tracks global car-production cycles and the rollout of emissions rules. The rest of demand comes from glassmaking, including crucibles for LCD and specialty glass, platinum coatings for jewellery, and chemical catalysis such as nitric acid production.

Supply is highly concentrated. South Africa accounts for ~80% of annual global mine production of ~30 tonnes, or about ~24 tonnes, mainly from platinum mines in the Bushveld Complex, where rhodium is produced as a by-product of platinum and palladium. Three large producers — Anglo American Platinum, Impala Platinum and Sibanye-Stillwater — dominate supply. Russia supplies a further ~10%, or ~2.5 tonnes. Zimbabwe and Canada account for most of the remainder. Because of this concentration, power cuts linked to South Africa’s Eskom, mining strikes and safety incidents can have an immediate price impact. Short-term replacement supply is limited.

The third factor is the lack of a liquid market and the volatility that follows. Rhodium has no exchange-traded futures market like platinum or palladium. Trading is mostly OTC, using industrial prices from refiners such as Johnson Matthey, BASF and Heraeus. Physical investment products exist, including Heraeus and Argor-Heraeus bars, but bid-offer spreads are typically 20–30%, and the resale market is thin. Limited market depth means rhodium has historically traded between 500 and 29,000 USD/ounce within a single decade. That volatility is unusual even among precious metals.

How can investors get exposure to rhodium?

Direct rhodium investment is largely unavailable to European retail investors. There is no liquid rhodium ETF, no widely available retail CFD, and physical bars often trade with 20–30% bid-ask spreads. In practice, rhodium exposure is usually approximated through broader PGM positions — platinum and palladium ETCs, and shares in the three major Bushveld producers. Below are two regulated brokers active in Europe and the UK.

30-day price history

Chart and daily closing prices

Rhodium (XRH) 30-day price chart — USD, EUR, GBP

Daily close

30 trading days

Date Price (USD) Price (EUR) Price (GBP) Daily change
21 May 2026 US$9,650 €8,207 £7,192 ▼ −0.52%
20 May 2026 US$9,700 €8,250 £7,229 ▼ −0.51%
19 May 2026 US$9,750 €8,292 £7,267 ▼ −1.02%
18 May 2026 US$9,850 €8,377 £7,341 ▼ −0.76%
17 May 2026 US$9,925 €8,441 £7,397 ▲ +0.25%
16 May 2026 US$9,900 €8,420 £7,378 ▼ −0.25%
15 May 2026 US$9,925 €8,441 £7,397 ▼ −0.50%
10 May 2026 US$9,975 €8,483 £7,434 ▲ +0.25%
6 May 2026 US$9,950 €8,462 £7,416 ▼ −1.00%
30 Apr 2026 US$10,050 €8,547 £7,490 ▲ +0.50%
27 Apr 2026 US$10,000 €8,505 £7,453 ▼ −1.48%
21 Apr 2026 US$10,150 €8,632 £7,565 ▲ +0.50%
20 Apr 2026 US$10,100 €8,590 £7,528 —

Rhodium: frequently asked questions

How is the price of 1 gram of rhodium calculated? +
The global rhodium price is quoted per troy ounce (1 T.oz = 31.1035 g). At a quoted price of 5,000 USD/ounce, for example, 1 gram of rhodium is worth about 160.75 USD. Retail prices are usually much higher: refinery margins, certification costs and dealer mark-ups typically add a 20–30% premium over spot for a 1 gram bar. The bid-ask spread is also wider than in gold or platinum because the resale market is thin.
How is the value of 1 kg of rhodium calculated? +
At a price of 5,000 USD/ounce, for example, one kilogram of rhodium is worth about 160,750 USD (1,000 g × 5,000 / 31.1035). Kilogram bars tend to have the lowest percentage premium among investment formats. But the rhodium market is far thinner than the gold market. Reselling a kilogram bar through a refiner or specialist dealer can take several weeks, and the sale spread may be 15–25%.
Why is rhodium so expensive? +
Three factors explain the price. First, supply is extremely tight: annual global mine production is only ~30 tonnes. By comparison, annual gold mine production is ~3,500 tonnes, and palladium mine production is ~210 tonnes. Second, demand is inelastic. In petrol-engine catalytic converters, no other metal can economically replace rhodium for NOx reduction, so carmakers have limited price sensitivity. Third, the market is shallow. There is no liquid futures contract, and even modest investment demand can move the price materially.
Where does global rhodium supply come from? +
About ~80% of annual global mine production of ~30 tonnes comes from South Africa, or roughly ~24 tonnes, mainly from platinum mines in the Bushveld Complex, where rhodium is extracted as a by-product of platinum and palladium. The three large producers are Anglo American Platinum, Impala Platinum and Sibanye-Stillwater. A further ~10%, or ~2.5 tonnes, comes from Russia. Zimbabwe, including Zimplats and Mimosa, and Canada supply most of the remainder. Recycled rhodium from used catalytic converters adds 8–10 tonnes a year to mined supply.
Why is there no rhodium ETF? +
The main reason there is no liquid rhodium ETF is the shortage of physical market depth. An ETF needs a daily creation and redemption mechanism, which requires a large and liquid spot market. Rhodium does not meet that condition. Total annual production is about ~960,000 ounces, and industrial end-users such as carmakers absorb much of it quickly, leaving limited inventory for investment products. A physical rhodium ETC, Deutsche Bank Xtrackers Physical Rhodium, existed historically but was closed because of liquidity and custody difficulties. In practice, rhodium exposure is most often approximated through PGM miner shares.
Can investors buy physical rhodium bars? +
Yes. Physical investment products exist. Heraeus and Argor-Heraeus issue certified 1 ounce and 1 gram rhodium bars. The practical limits are significant: bid-ask spreads are typically 20–30%, compared with 2–5% for gold and 5–10% for silver, while the resale market is very thin. Tax treatment varies by jurisdiction; consult a local tax adviser. For most retail investors, PGM exposure is usually easier to build through miner shares and platinum/palladium ETCs.
Why is the rhodium price so volatile? +
Rhodium price volatility is unusual among precious metals. Within a single decade, the price has ranged between 500 and 29,000 USD/ounce. There are three reasons. First, the market is small. A single major disruption in South African mining, such as an Eskom power outage, a strike or a mine accident, can visibly reduce global supply. Second, there is no futures-market liquidity to absorb short-term moves, unlike in exchange-traded metals. Third, demand is inelastic, so supply shocks feed directly into prices. The reverse also applies: weaker demand, including slower car production or substitution attempts, can move the price quickly and sharply.
How is profit from rhodium investment taxed? +
Tax treatment varies by jurisdiction; consult a local tax adviser.

More precious metals

Gold
US$4,510
troy ounce
Silver
US$75.58
troy ounce
Platinum
US$1,940
troy ounce
Palladium
US$1,369
troy ounce
Data sources: LPPM — London Platinum and Palladium Market: rhodium fixing prices · Johnson Matthey — PGM Market Report, a benchmark reference for the rhodium market · Heraeus Precious Metals — daily PGM prices and market commentary · Anglo American Platinum — investor relations and production reports