Current Palladium Price
Live Palladium Price – Track Palladium Rates in Singapore
At Metals Radar Singapore, we offer real-time updates on palladium prices through our dynamic tracking chart — ideal for anyone buying or selling palladium across Singapore. Prices are shown by default in US dollars per troy ounce, but you can easily switch to SGD or other currencies for a more customised experience.
Palladium is one of the rarest and most durable precious metals—about 30 times rarer than gold and more corrosion-resistant than platinum. It plays a vital role in multiple industries, especially automotive manufacturing and fine jewellery. While palladium trading has grown on global exchanges like NYMEX, its price remains highly volatile, making real-time tracking essential for smart decision-making.
Use our Singapore-focused chart to monitor palladium in real time and analyse your portfolio. We also provide historical price data across different timeframes—monthly, quarterly, yearly, or even up to 20 years back.
What Is the Palladium Spot Price?
The spot price of palladium reflects its current market value per troy ounce (approximately 31.1035 grams). In Singapore, it serves as a reference for bullion dealers and investors when pricing both investment and resale transactions. Most prices are quoted in USD, but the SGD value is just as important for local buyers.
Understanding the Troy Ounce
Precious metals like palladium are measured in troy ounces, which are slightly heavier than standard ounces. One troy ounce equals approximately 31.1035 grams, compared to 28.3495 grams for a regular ounce. For reference, 1 kilogram equals roughly 32.15 troy ounces.
How Is Palladium Priced Globally and in Singapore?
Palladium pricing is primarily determined by international benchmarks, notably the London Metal Exchange (LME) and the London Platinum and Palladium Market (LPPM). These institutions publish the LBMA Palladium Price twice a day, which acts as the global standard.
In Singapore, bullion dealers use this benchmark and apply a local premium based on the product type—bullion bars, investment-grade coins, or collectables.
What Affects Palladium Prices?
Singaporean investors should understand the key global and local drivers behind palladium price changes:
- Global Supply and Demand
Most palladium is mined in Russia, South Africa, the U.S., and Canada. Any disruptions—such as geopolitical conflict or mining strikes—can sharply affect prices. In March 2022, for example, concerns over Russia drove prices to a record high of over USD 3,440 per ounce. - Currency Movements and Economic Trends
Palladium is priced in USD. As such, the strength of the Singapore dollar (SGD) affects purchasing power locally. A weaker USD typically makes palladium more accessible, increasing global demand and supporting prices. - Automotive Industry Trends
Palladium is a key component in catalytic converters for vehicles. When global car production is strong, demand for palladium rises. However, as electric vehicles (EVs) become more common—and don’t use catalytic converters—demand may gradually shift. - Recycling & Substitution
Palladium is increasingly recycled from old vehicle parts, while alternatives like platinum are also being used. These trends can moderate supply pressure and influence pricing over time.
Is Palladium a Smart Investment in Singapore?
Palladium can be a strategic addition to any investment portfolio in Singapore. It offers portfolio diversification, especially during inflation or market volatility, and is often viewed as a hedge alongside gold and silver.
Before investing, consider current price trends, global mining risks, and long-term industrial demand. Metals Radar helps Singapore-based investors make data-driven decisions by offering historical charts and comparisons across trusted palladium dealers in the region.
What’s Next for Palladium Prices?
Palladium’s future remains volatile. Industrial demand, particularly from the automotive sector, and global geopolitical stability will continue to shape its trajectory. The rise of EVs and innovations in recycling will also play a critical role.
That said, new uses for palladium in emerging industries could support demand. Reviewing historical peaks and corrections through our price chart can help you navigate upcoming shifts with more confidence.
Palladium’s All-Time High Price
The highest recorded palladium price was USD 3,440.76 per ounce in March 2022, largely driven by supply disruptions tied to Russia—a major producing country.
Buying Palladium in Singapore – Bars or Coins?
If you’re looking to invest in physical palladium, you have two main options: bullion bars and investment coins—each offering unique advantages.
Palladium Bars
With a purity of 999.5 or higher, palladium bars are typically minted by reputable refineries such as Valcambi, PAMP Suisse, and Argor-Heraeus. Bar sizes range from 1 gram to 1 kilogram. Larger bars tend to offer better value for volume investors but may be harder to sell quickly.
Palladium Coins
Minted by global institutions, palladium coins often hold legal tender status and collectible value. They carry higher premiums but are easier to resell. Popular choices include the Canadian Maple Leaf, American Eagle, and Australian Emu palladium coins—all of which are available through bullion dealers that cater to Singapore’s market.
Monitor, Compare, and Invest Smarter with Metals Radar Singapore
Stay ahead with real-time data, reliable dealer comparisons, and 20+ years of pricing history—all in one platform tailored for Singapore’s precious metals investors.