A magnetic recording disc having a high durability and good electromagnetic conversion characteristics which comprises a non-magnetic support and a magnetic layer provided on at least one surface of the support, wherein the magnetic layer comprises magnetic powder, a resinous binder, polishing particles and a lubricating agent, characterized in that the polishing particles have a Mohs' scale of hardness of not less than 7 and an average particle size of 0.25 r to 0.75 r (r being the thickness (.mu.m) of the magnetic layer) and the lubricating agent is a fatty acid ester having a melting point of not higher than 10.degree. C.