$9,050.00
+1.2%
Live rhodium spot price chart with 1W, 1M, 3M, 6M, 1Y and 5Y time periods. Source: LPPM London Fix, updated twice daily.
This interactive rhodium price chart provides live updates on the spot price of rhodium, allowing you to track historical price movements across multiple timeframes. Given rhodium's extreme volatility, monitoring the technical charts is crucial for anyone involved in the PGM market.
This comparison chart normalizes both rhodium and gold prices to an index of 100 at the start of the 1-year period. This allows you to directly compare the relative performance and volatility of rhodium (blue) against gold (gold) over the same timeframe.
The Rh/Au ratio tells you how many ounces of gold it takes to buy one ounce of rhodium. Historically, this ratio has fluctuated wildly. When the blue line (Rhodium) outperforms the gold line (Gold), the ratio expands. When rhodium drops, the ratio compresses. Watching this relationship provides insight into industrial demand vs monetary demand.
Reading a rhodium price chart requires understanding the unique mechanics of the PGM market. Unlike gold, which trades nearly 24/5 globally with immense liquidity, rhodium is traded over-the-counter (OTC). The prices you see on the chart typically reflect the LPPM (London Platinum and Palladium Market) or Johnson Matthey reference prices. These "fixes" occur twice daily (AM and PM) in London.
Because the market is thin, the spread between the bid (what buyers pay) and the ask (what sellers receive) can be substantial. The chart displays a mid-market spot price. You should also note that rhodium charts often look more stepped or jagged than gold charts. This is normal and reflects periods of illiquidity where few trades occur, followed by sudden price discovery when a large industrial order hits the market.
Always consider the macroeconomic background: emissions regulations, South African mining news, and global automotive sales figures are the true drivers behind the technical patterns you observe.
Rhodium is arguably the most volatile major commodity on Earth. For perspective, the price crashed by 92% during the 2008–2009 financial crisis. Conversely, it surged by an incredible 4,600% between 2016 and its 2021 all-time high. Never assume past performance guarantees future stability.
Over long periods, both rhodium and gold may start relatively flat, but rhodium frequently experiences violent, parabolic spikes followed by steep crashes. Gold's chart is generally much smoother and less prone to 90% drawdowns, reflecting its deep liquidity and status as a monetary asset rather than a purely industrial metal.
Rhodium's extreme volatility stems from its incredibly small market size, concentration of supply in South Africa, inelastic demand from the automotive industry, and lack of a futures market. Small changes in supply or demand have oversized impacts. Learn more about how the rhodium price is determined.
The LPPM (London Platinum and Palladium Market) publishes reference prices based on OTC trading. We aggregate this data to provide live updates. You can view the full suite of live data on our main rhodium price page.
The 2021 surge to $29,800/oz was caused by a "perfect storm": stringent new emissions standards (Euro 6d and China 6) requiring more rhodium per vehicle, colliding with massive supply disruptions due to COVID-19 lockdowns and power outages in South Africa. Read our full rhodium price history for a detailed breakdown.