A centrifugal casting apparatus includes a mold holder placed on a freely rotatable rotary table, and a mold put into and held by the mold holder. The mold holder includes a mold holder body made of a metal material and having a bottomed cylindrical shape, heat insulation members provided on an inner peripheral surface and a bottom surface of the mold holder body, and mold positioning members each made of a ceramic and provided to protrude from the heat insulation member on the bottom surface of the mold holder body. The mold includes a mold body having a cavity into which a molten metal is to be poured, and a mold base provided to the mold body and having mold positioning member insertion holes engageable with the mold positioning members.