Current Palladium Price
Monitor the price of palladium with Metals Radar’s live palladium price chart. Our palladium charts are refreshed every few minutes to give you the most up-to-date prices when buying or selling palladium. We automatically display palladium’s live spot price in US dollars per oz, but you can also view the chart in your local currency.
Palladium is a precious metal that’s 30x rarer than gold and more durable than platinum. The shiny metal is used in numerous manufacturing processes, including jewelry and the automotive industry. Investing in palladium on the New York Mercantile Exchange (Nymex) has become increasingly popular in recent years, but like any other commodity, its prices can fluctuate up and down often. It’s essential to keep an eye on its movements to spot ideal opportunities to buy or sell palladium.
Come back to this chart to track palladium spot prices and assess the value of your investments. You can also view historical data on palladium prices by toggling the chart to display performance over the last quarter, month, year, five years, and 20 years.
What is the palladium ‘spot price’?
The palladium spot price refers to the current price of palladium in international markets. In other words, the spot price is how much it costs in US dollars to buy one troy ounce of palladium.
What’s a troy ounce?
Palladium and other precious metals are measured in troy ounces. A troy ounce is slightly heavier than a regular ounce, weighing 31.1035 grams compared to 28.3495 grams. One kilogram is equivalent to 32.15 troy ounces.
Who sets the price of palladium?
Palladium’s price is set by the London Metal Exchange and the London Platinum and Palladium Market. Together, these organizations set the LBMA Palladium Price twice a day and these prices are used as benchmarks for the trading of palladium across the world. Palladium dealers will then base the price of their products on this spot price, potentially adding a premium depending on the type of palladium bullion being bought and sold.