Top 10 Most Precious Metals in the World

2. Rhodium

Price per kg: $151,912.28

Rhodium is one of the most valuable metals as of now with its price around $151.91 per gram. It derives its high price from its rarity and its use in the automotive industry. According to S&P Global, almost 80% of the demand for rhodium and palladium comes from the global automotive industry. The metal’s rising price can be attributed in part to its rarity. According to The Royal Society of Chemistry, Rhodium production averages around 30 tons per year, which is comparable to the amount of gold mined annually, which ranges from 2,500 to 3,000 tons. While Russia, Canada, and a few other countries are producers of this metal, South Africa mines around 80% of the total Rhodium.