Current Rhodium Price and Rhodium Rate with Chart
Rhodium is the rarest and usually the most expensive of the platinum group metals. Almost all of it is a by-product of platinum and nickel mining, and around four fifths of annual demand comes from a single application: the catalytic converter, where rhodium reduces nitrogen oxides. That narrow demand base and a supply concentrated in South Africa make the rhodium price far more volatile than gold or silver. Note that rhodium is not exchange-traded: there is no London fixing and no futures market. The quotation shown here is a dealer reference price, updated twice a day rather than minute by minute. The chart starts in 2023 — the earlier series from our data provider did not survive a comparison against the published Johnson Matthey base prices and has deliberately been left out.
Here you see the current Rhodium price per troy ounce in your selected currency, including daily change in percent and absolute.
Below you find the current exchange rate and the price in the second currency. At the bottom are the prices per gram, troy ounce and kilogram.
Rhodium price details →
Source: Spot
Every point on this curve is a recorded Rhodium quote from the window you have chosen. Run the pointer along the line and the tooltip reveals the exact level reached on that particular trading day.
The buttons above switch the window, running from Today through to Max. Drag across a stretch of the curve to magnify it. Beneath the chart, three summary cards report the peak, the trough and the net move.
Tip: Choose Today and the series resolves down to a single reading per minute.
(06/11/26)
(08/10/26)
(14/10/26)
(04/11/26)
(24/03/21)
Name a date and the lookup returns what Rhodium was worth on it: the opening and closing levels, the extremes reached in between, and the equivalent figures per gram and per kilogram.
Tip: Pick your date. Should London have been shut that day, the lookup falls back to the closest session it holds.
| 11/06/2026 | GBP | USD |
|---|---|---|
| Open | – | – |
| High | – | – |
| Low | – | – |
| Close | 6,892.25 £ | 9,200.00 $ |
Source: Spot
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Enjoying what you see and read?
We pour our heart into keeping preciousmetalprices.com fast, clean and free — no paywalls, no clutter, just reliable facts and live prices. If it helps you, the nicest way to say thank you is to pass it on. Every share helps a fellow investor discover us and keeps the project going. 💛
Here you can see the current rhodium price converted to different weight units: gram, troy ounce (31.1 g) and kilogram.
The second row shows the price in the other currency for comparison.
Tip: A troy ounce is the international trading unit for precious metals and equals 31.1035 grams.
1 Troy Ounce = 31.1035 Grams
This table shows the current price per gram for various Rhodium alloys. The fineness indicates how much pure Rhodium is contained in 1000 parts.
Example: : 750/1000 means 75% pure Rhodium (for gold this equals 18 carat). The price per gram is calculated according to the fineness.
| Fineness | Carat | Price / Gram |
|---|---|---|
| 999/1000 | Fine Rhodium | 221.29 £ |
| 999.5/1000 | Fine Rhodium | 221.51 £ |
The performance table shows how the Rhodium price has developed over various time periods: from today to 5 years.
You can see the absolute change in both currencies as well as the percentage change. Green values indicate gain, red values indicate loss.
Tip: Compare the EUR and USD performance to identify the impact of the exchange rate.
| Period | GBP | % GBP | USD | % USD |
|---|---|---|---|---|
| Today | +16.61 £ | +0.20 % | +0.00 $ | +0.00 % |
| 7 Days | +83.81 £ | +1.03 % | +75.00 $ | +0.82 % |
| 30 Days | +106.21 £ | +1.30 % | +100.00 $ | +1.10 % |
| since Jan 1 | +39.01 £ | +0.47 % | +25.00 $ | +0.27 % |
| 1 Year | +1,024.66 £ | +14.16 % | +1,125.00 $ | +13.93 % |
Here you can find a quick overview of the current prices of the other precious metals. The percentage shows the daily change.
Tip: Click on a metal to go directly to its detail page.
What Is the Rhodium Price?
The rhodium price states what one troy ounce (31.1035 grams) of refined rhodium costs. Unlike every other price on this site it has no exchange behind it: there is no fixing and no futures contract, and every published figure is a refiner’s quotation rather than the settlement of an auction. Two reputable sources can name different prices on the same day, and the price keeps office hours: when the Heraeus table was retrieved on Saturday, 25 October 2026, every rhodium field read "n/a".
| Rhodium, 23 Oct 2026 | Purchase | Sale, unfabricated | Sale, fabricated |
|---|---|---|---|
| per kilogram | 235,500 EUR | 277,050 EUR | 284,950 EUR |
Umicore, 23 October 2026. Same day and category, per gram: rhodium 284.95 EUR, iridium 309.25, gold 128.25, platinum 47.80.
Why this page gives no price in pounds: a British buyer carries one currency layer more than a euro-area buyer — the quotation is issued in US dollars per troy ounce, the refiner that invoices quotes in euros per kilogram, and the payment leaves a sterling account, each leg at its own rate. We hold no exchange rate with a stated date and source, so every figure stays in the currency in which it was published.
How the Rhodium Price Is Formed Without an Exchange
For gold the reference price comes out of an electronic auction in London, administered by ICE Benchmark Administration and supervised by the Financial Conduct Authority as a regulated benchmark. For rhodium none of that exists. Since the end of November 2025 the Guangzhou Futures Exchange has listed PGM futures, but for platinum and palladium only.
Who Quotes Rhodium — and What Those Quotations Are
The best known quotation is the Johnson Matthey Base Price, set by desks in the USA, Hong Kong and the UK for metal in sponge form at a minimum purity of 99.9%. The decisive sentence sits in its disclaimer: "In publishing the Prices, Johnson Matthey Plc does not engage or intend to engage in the administration of a benchmark."
So the world’s best known rhodium price is expressly not a benchmark; it is one dealer’s offer. The contrast with the metal in the next vault is exact: the LBMA Gold Price is a regulated benchmark under United Kingdom law, with a named administrator and a supervisor. Umicore says the same of its own figures: "of pure statistical nature and must be looked at as indications only".
One step towards standardisation was taken in London: the Rhodium Sponge Accreditation scheme of January 2023. That is a delivery standard, not a reference price.
The Spread Between Buying and Selling: 15.0%, Measured
Without an order book the only honest way to describe the cost of trading rhodium is to measure it.
| Metal | Median | Min | Max | Days with a change |
|---|---|---|---|---|
| Rhodium | 15.0% | 15.0% | 15.0% | 84% |
| Platinum | 7.0% | 6.9% | 7.1% | 97% |
| Palladium | 8.0% | 7.9% | 8.1% | 96% |
| Ruthenium | 30.0% | 29.9% | 30.0% | 70% |
| Iridium | 30.0% | 30.0% | 30.0% | 74% |
Own measurement from the published Umicore series, 142 quotation days from 1 April to 23 October 2026, per metal and price category, purchase against sale of unfabricated metal.
What the constancy proves: over 142 days the purchase price sat 15.0% below the sales price — not "around 15%", but 15.0% to the decimal place every day. A genuine bid/ask spread narrows as a market becomes more liquid and widens in a panic. A figure that never moves is a fixed dealer markup, not a market measurement: policy, not price discovery. The ordering tracks how thin each market is, from 7.0% for platinum to 30.0% for ruthenium and iridium, and on 16% of days the rhodium quotation did not move at all.
Rhodium Price History and Performance
Because quotations come from dealers, the cleanest long series is the US Geological Survey reproduction of the Engelhard annual averages for unfabricated metal.
| Annual average, USD/oz | 2021 | 2022 | 2023 | 2024 | 2025 (est.) |
|---|---|---|---|---|---|
| Rhodium | 20,254.10 | 15,585.00 | 6,660.58 | 4,660.44 | 5,800 |
| Platinum | 1,094.31 | 966.54 | 973.00 | 960.70 | 1,200 |
USGS Mineral Commodity Summaries 2026; Engelhard annual averages via S&P Global Platts Metals Week.
Where the Evidence Thins Out
From 2021 to 2024 the annual average fell by 77%. The March 2021 peak usually quoted, around 29,000 USD per ounce, could not be verified against a dated primary quotation, so we state the average and treat that spike — and the Johnson Matthey steps for 2025 and 2026 — as market commentary.
Performance Table
Go to tableThe figures follow the quotation currency: a sterling return would differ by the movement of the pound.
Seasonality
Go to chartRhodium has no buying season; it has a mining calendar, so any pattern starts on the supply side.
Performance Calendar (Heatmap)
Go to calendarA pale field here means "the quoting desk did not move" — not "the market was quiet".
Rhodium Price by Weight and Units
Rhodium is quoted in two units at once: Johnson Matthey in US dollars per troy ounce, the continental refiners in euros per kilogram. One troy ounce is 31.1035 grams, but the price category and the currency have to travel with the figure. The density of 12.4 g/cm³ is two thirds that of platinum, so a bar feels lighter than expected. There are no bullion coins; what trades is sponge, grains and bars.
One British point follows from the form rather than the metal. The Hallmarking Act 1973 exempts bars and bullion from marking altogether, and the thresholds for compulsory marking are set for gold, silver, platinum and palladium — no rhodium threshold is documented. Whether the Act reaches rhodium at all our sources do not answer, so the gap is stated rather than an answer.
What Rhodium Is Used For
Rhodium is the most single-purpose precious metal on this site. In 2025 total demand was 1,063,000 ounces (33.1 tonnes), and almost 85% went into one component.
| Demand, 1,000 oz | 2023 | 2024 | 2025 | Share 2025 |
|---|---|---|---|---|
| Autocatalysts | 979 | 915 | 899 | 84.6% |
| Chemical catalysis | 81 | 94 | 91 | 8.6% |
| Glass | −22 | −3 | 38 | 3.6% |
| Electrical and other | 23 | 24 | 35 | 3.2% |
| Total | 1,061 | 1,030 | 1,063 | 100% |
Johnson Matthey PGM Market Report, May 2026. Negative glass figures are destocking: demand is net of closed-loop recycling and of sales back to the market.
In a three-way catalytic converter rhodium reduces nitrogen oxides to nitrogen, a step with no equivalent substitute metal; the risk comes instead from the drivetrain, since a battery electric vehicle has no three-way catalyst at all.
Key Drivers of the Rhodium Price
The single most useful thing to understand is that rhodium supply is not steered by the rhodium price. It is a by-product: how much reaches the market is decided by platinum and nickel mine plans, by which ore body is being worked and by how many scrapped catalytic converters come back. Demand hangs on one application.
2025, Johnson Matthey PGM Market Report, May 2026.
By mass rhodium is only about 5% of the platinum group basket, while platinum and palladium together make up 86%. What decides availability is which reef is being mined: in the Bushveld Complex the Merensky Reef is comparatively poor in rhodium, while the UG2 chromitite reef carries lower overall grades but markedly more rhodium, ruthenium and iridium — those three can exceed 20% of the total platinum group content. Availability therefore depends on a mine plan written for platinum economics, in which rhodium is a passenger, and lead times run from 8 to 18 months for a brownfield restart to 6 to 8 years for a deep shaft.
A correction to a standard narrative: "South African power cuts hit the rhodium price" was true in earlier years and does not describe 2025, when the IPA reports 26 hours of load shedding at the start of the year and then more than 231 consecutive days without a cut. What constrained output was weather and mine closures.
The second source is recycling: 312,000 ounces in 2025, entirely from spent autocatalysts — but that is open-loop recycling only, the part sold on the open market. On Johnson Matthey’s 2024 circularity estimates, closed-loop recycling accounts for about 75% of all rhodium recycling, metal that never leaves its owner. So "about a third comes from recycling" describes only the traded part, which is what moves the price.
Buying Rhodium in the UK
Rhodium is an industrial raw material that happens to be expensive, not a monetary metal: no central bank holdings, and around 22,000 ounces in all exchange-traded holdings worldwide at the end of 2025, about 2% of one year’s demand.
- ◆ The spread is the main cost. A refiner’s purchase price sat 15.0% below its sales price on every one of 142 days measured, against 7.0% for platinum. Buying and selling on the same day costs that 15% before any tax.
- ◆ No bullion coin exists, which matters more here than anywhere else on this site: the most valuable British relief for metal investors attaches to sterling coins, and rhodium has none. There is also no exchange to sell into — the realistic counterparty is a refiner, at their purchase price on the day.
- ◆ One exchange-traded product is well documented, and it is not British: the 1nvest Rhodium ETF in Johannesburg (ETFRHO), fee 75 basis points, Johnson Matthey as custodian, 11,059 troy ounces at 31 December 2025. It reports in rand while rhodium is quoted in US dollars, so a sterling holder carries two currency effects on top of the metal.
What we deliberately do not claim: retail dealer premiums, minimum order sizes and typical bar denominations for rhodium could not be established from a primary source, and no sterling price for a retail bar is given here for the same reason. Any percentage quoted for those elsewhere should be checked against a written offer. The 15.0% refiner spread is measured; a retail markup sits on top of it.
What British Investor Protection Does Not Cover
Bullion is not a regulated investment in the United Kingdom. Dealing in physical metal is not an FCA-regulated activity, there is no Financial Services Compensation Scheme cover and no access to the Financial Ombudsman Service. The regulatory perimeter here runs around the benchmark, not around the trade: ICE Benchmark Administration is supervised for the LBMA Gold Price, while the sale of a rhodium sponge lot is an ordinary commercial contract.
Rhodium, VAT and Capital Gains Tax in the United Kingdom
VAT: 20%, Because the Statute Says "Gold"
Physical rhodium carries the standard rate of 20% on the full price. The relief British investors know from the gold pages sits in Group 15 of Schedule 9 to the Value Added Tax Act 1994, and it is written for investment gold alone — bars from a fineness of 995, and coins of at least 900 fineness minted after 1800 that are or have been legal tender and sell at not more than 180% of the gold value they contain.
Note which word the statute does not use. It does not say "precious metal"; it says gold. No equivalent provision exists for rhodium, ruthenium, iridium, platinum, palladium or silver, so all are standard-rated in every form, import included. Nor is there a second-hand route out: HMRC excludes precious metals from the margin schemes (VATMARG02100), so VAT falls on the whole price rather than a dealer’s margin — metal-neutral, and no help to rhodium.
Capital Gains Tax: No Holding Period, and No Coin Relief Here
A gain on selling physical rhodium is a chargeable gain under the Taxation of Chargeable Gains Act 1992, and British law has no holding period: a gain after two weeks is treated exactly like one after twenty years. The rate is 18% within the basic rate band of £37,700 and 24% above it, unchanged since 30 October 2024, after an Annual Exempt Amount of £3,000 (s. 1K) — an allowance against the gain, not a cliff edge. A bar is a chattel, so s. 262 leaves consideration up to £6,000 uncharged and caps the tax above it at five thirds of the excess.
The relief that makes British gold investing distinctive cannot reach this metal: gains on sovereigns from 1837 and the gold Britannia fall outside the charge because those coins are sterling legal tender (Coinage Act 1971 s. 2(1)) and sterling is not a chargeable asset (s. 21(1)(b), HMRC CG78305) — and no rhodium coin exists at all. Self Assessment is needed if the gain exceeds the allowance or the proceeds exceed £50,000; cash has no statutory ceiling, but from £10,000 (SI 2026/621 reg. 9, HMRC ECSH51525) the dealer owes identification duties as a registered High Value Dealer, and split payments count as linked transactions.
Three questions stay open on purpose, because filling them would mean inventing an authority. Whether a domestic reverse charge applies to business sales of platinum group metal scrap our sources do not establish; they do say the Scrap Metal Dealers Act 2013 excludes gold and silver (s. 21(7)) and say nothing about rhodium. There is no statutory figure at which private investing becomes trading, and none is given here. And the border declaration duty attaches to cash from £10,000 and, in Northern Ireland, to gold — not to rhodium.
The honest basis of this section: in none of the 27 countries covered by this site does a decision, binding ruling or item of case law exist that deals with rhodium, ruthenium or iridium by name. Legal definitions exist in a few — the Czech Republic, Poland and Slovakia — but not here. Every conclusion above therefore rests on the metal-neutral wording of a provision or on the reach of a code that names gold alone. This is the legal position as the statutes read, not tax advice.