Live palladium price in USD
Here is the live price chart for the current palladium rate in USD. Choose your preferred time range, weight and currency to check on palladium price trends.
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Performance of the price of palladium in the past 24h in USD (per gram)
Last update: Apr 23, 2024, 3:01 PM
| 1 h | 6 hours | 12 hours | 16 hours | 20 hours | 1 day |
|---|---|---|---|---|---|
+0% | -0.05% | -1.17% | +0.35% | -1.24% | -1.61% |
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Palladium price today by weight and carats in US dollars
The price of palladium can vary due to various economic factors which influence demand. It is often quoted in ounces (oz) or grams. Here is today's palladium price in USD.
Last update: Apr 23, 2024, 3:01 PM
| Weight | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
Ounce | 995.98 | 989.37 | 1027.49 | 1004.64 | -1.70% |
Gram | 32.02 | 31.81 | 33.03 | 32.3 | -1.70% |
Kg | 32021.48 | 31808.96 | 33034.55 | 32299.76 | -1.70% |
Tonne | 32021476.68 | 31808960.41 | 33034545.95 | 32299755.58 | -1.70% |
The historical performance of the palladium price in USD (per gram)
This palladium price chart shows you the history of the price of palladium in USD.
Last update: Apr 23, 2024, 3:01 PM
| 1 day | 1 week | 1 month | 6 months | 1 year |
|---|---|---|---|---|
-1.61% | -3.76% | +1.72% | -9.74% | -37.12% |
Palladium prices today by currency (per gram)
The price of palladium varies depending on whether you're looking at it in euros, US dollars, Swiss francs, or British pounds. This table allows you to track the palladium prices in each currency, as well as their daily performance.
Last update: Apr 23, 2024, 3:01 PM
| Currencies | Current Price | Day Min | Day Max | Day Average | Daily Performance |
|---|---|---|---|---|---|
29.99 | 29.87 | 31.02 | 30.31 | -2.04% | |
29.19 | 29.03 | 30.09 | 29.44 | -1.68% | |
USD | 32.02 | 31.81 | 33.03 | 32.3 | -1.70% |
25.84 | 25.71 | 26.79 | 26.15 | -2.36% | |
AUD | 49.73 | 49.47 | 51.27 | 50.16 | -1.68% |
CAD | 43.94 | 43.7 | 45.3 | 44.32 | -1.68% |
CNY | 231.89 | 230.64 | 239.06 | 233.89 | -1.68% |
INR | 2668.69 | 2654.26 | 2751.15 | 2691.72 | -1.68% |
JPY | 4953.59 | 4926.79 | 5106.65 | 4996.33 | -1.68% |
Why buy palladium?
If you're looking to diversify your investment portfolio, investing in precious metals can be a smart move. Palladium, one of the most popular precious metals among investors today, has an important role in industries ranging from jewellery to electronics. Although it's more expensive than other precious metals, investors with smaller budgets can purchase it in smaller weights to gradually build their portfolio over time.
- According to the LBMA (The London Bullion Market Association), much of the world's palladium trading takes place in the London bullion market in the form of OTC (over-the-counter) trading.
What are the current trends in palladium prices in USD in ounces?
The palladium price in US dollars fluctuates widely and is impacted by supply and demand, market trends and macroeconomic events around the world (there were several spikes, such as in 2020, during the onset of the Covid-19 pandemic, and in 2022, when Russia invaded Ukraine).
Because this precious metal is primarily used in catalytic converters, events in the automotive industry, such as technological changes and supply constraints, do have a significant impact on its value. The palladium price USD reflects this, responding immediately to changes in market demand and economic events.
The evolution of the palladium price in USD in ounces
Palladium is generally more volatile than gold because of its intense industrial use. When industrial demand for palladium rises, the relative supply of this precious metal falls, even if the total supply hasn't fallen.
The palladium price in US dollars has risen significantly over the past few decades, increasing steadily during the 1990's before falling during the 'dot.com' boom. The price rose again after the late 2000's recession but experienced its biggest rally after 2015, when the palladium price in USD rose from less than $20 in 2016 to over $90 by 2020.
What about the USD impact on palladium prices?
Because palladium, like other precious metals, is usually denominated in USD, dollar price movements have a big impact on its supply and demand around the world. A stronger dollar makes palladium more expensive for buyers using other currencies, such as EUR or GBP, which can reduce overall demand. However, a weaker dollar can make palladium more affordable for these investors, boosting demand. These are important factors to think about when considering palladium for your investment strategy.
Where does palladium come from?
This precious metal is mainly mined in North America, Russia and South Africa. Interestingly, this precious metal is much rarer than gold and is not easy to substitute with other metals, which is why the price of palladium in USD peaked in March 2022, when investors feared a supply shortage from Russia following its unexpected invasion of Ukraine. This prompted more investors to switch to safe havens, like precious metals, to protect their savings from the economic turbulence at the time.
Do economic indicators impact the palladium price in USD?
Yes, global economic trends can play an important role in the palladium price in US dollars. For example, as we mentioned earlier, there is a strong relationship between the global automotive sector and the palladium price. However, fluctuations in forex (foreign exchange) rates, inflation rates, the state of the economy in the USA, and geopolitical events, can also influence the palladium price in USD.
How does palladium do during recessions?
Precious metals are often considered a safe haven for investors looking to protect their wealth from high inflation, falling stock prices and other negative economic events. The price of palladium in USD can rise during recessions, although remember that this precious metal can be very volatile and is strongly influenced by the performance of the automotive industry.
How do we calculate the palladium price in USD?
The price of our palladium bars and coins is dictated by the spot price, which is the latest palladium price in US dollars. As you might expect, heavier products have a higher price, as well as minted bars and coins, which have more artistic value.
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Frequently asked questions
Read the most frequently asked questions from savers and investors on GOLD AVENUE and on how to buy gold, silver, and precious metals.
How much is 1 gram of palladium worth?
Internationally, the palladium price, set by the LBMA London (London Bullion Market Association) or the LME, has a significant influence on the value of palladium. Auctions for both palladium and palladium take place twice daily, once in the morning from 9:45 a.m. and once in the afternoon from 2:00 p.m. (London time). Once the price of palladium is determined, the palladium auction begins.
It is important to note that the price of palladium is quoted in US dollars per troy ounce. To determine the USD palladium price for 1 gram, the weight must be converted.
How much does 1 gram of palladium cost?
The cost of 1 gram of palladium can vary depending on the provider. The metal value of palladium is determined daily in an independent auction, but vendors typically sell palladium at a percentage premium over the pure metal value. At GOLD AVENUE we offer a diverse selection of high quality palladium products.
Is the price of palladium changing?
The price of palladium is actually subject to regular fluctuations and is determined daily in an independent auction by the LBMA (London Bullion Market Association). Therefore, it is advisable for investors to continuously follow the news and keep an eye on the current palladium price.
What affects the value of palladium?
The value of palladium is influenced by numerous factors, such as market supply and demand, interest rates, geopolitical uncertainties, inflation expectations and the strength of the US dollar. Due to possible interactions between these factors, it is advisable for even experienced investors to follow the latest news closely.
