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.