Frequently Asked Questions โ Rhodium Price in USA
Why is rhodium the most expensive metal in the world?+
Rhodium is extraordinarily rare โ annual global mine production is only 30-35 tonnes, compared to 3,300 tonnes for gold. It is produced primarily as a by-product of platinum and palladium mining in South Africa. Rhodium has no commercial substitute in its primary use of catalytic converters for petrol engines (three-way catalysts). Its tiny market size means even small demand or supply changes cause extreme price swings โ rhodium hit $29,800/oz in 2021.
Can I buy rhodium as an investment in India?+
Physical rhodium investment is very difficult in India. Rhodium is not traded on MCX or any Indian exchange. Very few bullion dealers stock physical rhodium bars or coins. Most investment exposure to rhodium comes through platinum group metal (PGM) mining stocks listed on international exchanges, or PGM ETFs. Due to its extreme illiquidity, rhodium is not recommended as a retail investment.
About Rhodium Price in USA โ Rh999
This page tracks the live Rhodium price in United States per gram in USD, updated every 60 seconds from the international spot market. US prices are based on COMEX spot rates from New York. The US dollar is the global benchmark currency for all precious metal spot prices. No import duty on gold or silver in the USA.
Rhodium price today โ the world's rarest precious metal. Price per gram in INR, USD and 10 currencies. Use the free calculator above to convert any weight of Rhodium to USD. The price chart shows the last 10 days of Rhodium spot price movement.