On Jan. 31, 2025, rhodium was trading at approximately $165.11 per gram or about $4,680.29 per ounce. Extremely volatile rhodium prices are driven largely by demand from the automotive industry.

Today, the price of rhodium is $14,000 per ounce. Compare that to platinum at $959/ounce, palladium at $1,866/ounce or gold at $1,783/ounce. Rhodium is never found in its purest form. Rather ...

Among the four major precious metals—gold, silver, platinum, and palladium—it is the most expensive and rarer than platinum.