How Much Is an Ounce of Rhodium?
More than gold, usually by a wide margin, and the number moves in steps rather than ticking continuously. There is no futures exchange for rhodium. The price of rhodium per ounce comes from quotes published by refiners and traders, so it updates less often than gold or silver and jumps further when it does. The figure on this listing tracks the current rhodium market rather than sitting at a fixed rate, which is the honest answer to what an ounce costs today.
Why so high? Rhodium is recovered only as a by-product of platinum and palladium mining, overwhelmingly in South Africa. Annual world output is a few dozen tonnes against roughly three thousand for gold, and most of it is consumed by catalytic converters and never returns to the market. Supply cannot respond to demand, so the price does all the moving.
The PAMP Suisse Bar
PAMP is a Swiss refiner with a reputation built on packaging as much as metal. This 1 oz rhodium bar arrives sealed in an airtight assay card carrying its own serial number, matched to the bar inside. That matters more with rhodium than with gold, because far fewer dealers can assay the metal themselves — a sealed, serialised card from a name everyone recognises is what makes it straightforward to sell on.
- Weight – 1 troy oz (31.10 g).
- Purity – .999 fine rhodium.
- Refiner – PAMP Suisse.
- Packaging – sealed assay card, serialised.
PAMP or Baird & Co?
We stock rhodium bars from two refiners and they are close to equivalent. Both are .999, both come sealed with an assay, both are recognised on resale. PAMP’s assay card is the more familiar format to buyers who have handled Swiss gold; the Baird & Co bar comes from a London refiner trading since 1967 and is often the better-priced of the two. Buy whichever is cheaper on the day, because at the same weight and fineness there is no metal difference between them.
Bar, Sponge or Coin
A bar is the middle option in every sense. Rhodium sponge is cheaper per ounce because it skips fabrication, but often has to be melted and assayed before a buyer will take it.
At the other end, a rhodium coin costs considerably more, because almost none exist. The bar sits between the two: modest premium, immediate verification.
What to Expect When You Sell
Rhodium is thinly traded. Spreads are wider than gold or silver, fewer dealers quote on it, and the price you are shown can move sharply between one week and the next. None of that makes it a bad holding — it makes it a holding to size deliberately rather than one to treat as spare liquidity.
Rhodium is also not IRA-eligible in any form. The IRS approves gold, silver, platinum and palladium only.
We purchase rhodium bars directly, which is the shortest route out for most holders.
Frequently Asked Questions
What is the current price of rhodium per ounce?
It is set on refiner quotes rather than an exchange, so it moves in steps. The live figure is shown on this listing.
How much is rhodium an ounce compared with gold?
Rhodium has traded well above gold per ounce in recent years, though the gap swings widely because the rhodium market is small.
Is a PAMP rhodium bar better than other brands?
Not in metal terms — .999 is .999. PAMP’s assay card is widely recognised, which can shorten the conversation when you sell.
Should I break the assay card open?
No. The sealed card and its serial number are what verify the bar. Opened, it usually fetches less.
