Current Palladium Price and Palladium Rate with Charts & Calculators
Palladium has evolved from a niche metal into one of the most expensive precious metals in the world — driven by massive demand from the automotive industry for gasoline catalytic converters. Over 80% of global production comes from Russia and South Africa, making the palladium price particularly susceptible to geopolitical risks and supply disruptions. On this page you will find the current price in euros and US dollars with live updates. The interactive chart shows price development across all time frames, complemented by the performance table and seasonality analysis. In the guide below, we examine the close link between palladium and the auto industry, the growing supply deficit, substitution by platinum and the various ways to invest in palladium.
Here you see the current Palladium price per troy ounce (31.1 g) in your selected currency, including daily change in percent and absolute.
Below you find the current exchange rate and the price in the second currency. At the bottom are the prices per gram, troy ounce and kilogram.
Tip: When the market is open, the price updates automatically every minute.
Palladium price details →
Source: Spot
Use this chart to follow the Palladium price minute by minute or decade by decade. Whichever span you pick, holding the cursor over the line calls up the precise figure recorded on that date.
A row of buttons sits above the chart, from Today at one end to Max at the other. Select a stretch with the mouse to enlarge it. The three cards underneath keep score: highest, lowest and overall change.
Tip: The Today view is built from live ticks, one data point for each minute of the session.
(24/08/26)
(21/08/26)
(23/08/26)
(23/08/26)
(07/03/22)
Choose any day in the archive and the tool returns the full Palladium record for it — where trading opened and closed, how high and how low it went, and what that works out at per gram and per kilogram.
Tip: Choose a date. Where the requested day brought no trading at all, the nearest session on file is returned in its place.
| 08/21/2026 | EUR | USD |
|---|---|---|
| Open | 1,137.68 € | 1,328.56 $ |
| High | 1,166.00 € | 1,363.88 $ |
| Low | 1,137.02 € | 1,328.07 $ |
| Close | 1,149.70 € | 1,342.49 $ |
Source: Spot
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Getting something out of what you see and read?
We put our whole heart into keeping preciousmetalprices.com fast, tidy and free — no paywalls, no clutter, just facts and live prices you can trust. If it’s any help to you, the nicest way to say thanks is to pass it along. Every share helps another investor find us and keeps the whole project ticking over. 💛
Here you can see the current palladium price converted to different weight units: gram, troy ounce (31.1 g) and kilogram.
The second row shows the price in the other currency for comparison.
Tip: A troy ounce is the international trading unit for precious metals and equals 31.1035 grams.
1 Troy Ounce = 31.1035 Grams
This table shows the current price per gram for various Palladium alloys. The fineness indicates how much pure Palladium is contained in 1000 parts.
Example: : 750/1000 means 75% pure Palladium (for gold this equals 18 carat). The price per gram is calculated according to the fineness.
| Fineness | Carat | Price / Gram |
|---|---|---|
| 500/1000 | — | 18.51 € |
| 950/1000 | — | 35.16 € |
| 999/1000 | Fine Palladium | 36.97 € |
| 999.5/1000 | Fine Palladium | 37.01 € |
The performance table shows how the Palladium price has developed over various time periods: from today to 5 years.
You can see the absolute change in both currencies as well as the percentage change. Green values indicate gain, red values indicate loss.
Tip: Compare the EUR and USD performance to identify the impact of the exchange rate.
| Period | EUR | % EUR | USD | % USD |
|---|---|---|---|---|
| Today | -9.53 € | -0.82 % | +0.00 $ | +0.00 % |
| 7 Days | +7.07 € | +0.62 % | +19.22 $ | +1.45 % |
| 30 Days | +77.29 € | +7.21 % | +100.55 $ | +8.10 % |
| since Jan 1 | -316.51 € | -21.59 % | -355.51 $ | -20.94 % |
| 1 Year | +188.38 € | +19.60 % | +229.19 $ | +20.59 % |
| 5 Years | -920.73 € | -44.47 % | -1,055.26 $ | -44.01 % |
The bars condense two decades of Palladium trading into twelve figures, one average result for each calendar month.
A green bar means the month averaged out in profit over that span, a red bar means it averaged out lower.
Tip: These are historical averages. Nothing obliges the coming months to repeat them.
A year of Palladium trading on a grid, with one tinted square for every weekday session from Monday to Friday.
Days that ended in profit are tinted green; days that ended lower are tinted red.
Hovering over a square brings up the closing figure and the change it represents.
Here you can find a quick overview of the current prices of the other precious metals. The percentage shows the daily change.
Tip: Click on a metal to go directly to its detail page.
What Is the Palladium Price?
The palladium price is the market value of one troy ounce (31.1035 grams) of the metal. Palladium belongs to the platinum group and was identified in London in 1803 by the English chemist William Hyde Wollaston, who named it after Pallas, an asteroid discovered shortly beforehand. At 12.02 g/cm³ it is the lightest of the platinum group metals, far lighter than platinum at 21.45 g/cm³, and at 1,554.9 °C it melts at the lowest temperature of the group.
The reference is the LBMA Palladium Price, fixed twice a day by the London Bullion Market Association at 9.45 a.m. and 2 p.m. London time. Both fixes come out of an electronic auction and serve worldwide as the settlement basis for contracts, industrial procurement and fund valuations.
Palladium has one unusual feature: it is recovered almost entirely as a by-product of nickel and platinum mining, and dedicated palladium mines barely exist. More than four-fifths of world output comes from the nickel ores of the Russian Arctic and the platinum reefs of South Africa, a concentration that leaves the metal more exposed to geopolitics than any of its peers.
Spot Price and Trading Venues
Alongside the London over-the-counter market, palladium is traded on a handful of international exchanges:
- ◆ NYMEX/COMEX (New York) — palladium futures of 100 ounces, the most liquid futures market anywhere
- ◆ London — the over-the-counter spot market, with delivery out of LBMA-accredited vaults
- ◆ TOCOM (Tokyo) — the significant Asian venue, with contracts priced in yen per gram
- ◆ Zurich — a major hub for physical metal, where the Swiss refiners Valcambi and PAMP turn out bars and semi-finished goods
The spot price is quoted in US dollars per troy ounce and trades from Sunday evening New York time until Friday evening. This page shows it live and converted into euro, Swiss francs and sterling, so the euro cost is there without any sums to do.
Palladium Price History at a Glance
No precious metal has produced as dramatic a price record in recent decades as palladium. From obscure industrial by-product to briefly the dearest precious metal on earth — and back down again: the chart reads like a rollercoaster, driven above all by the car industry and by political upheaval.
From Obscure By-Product to the Dearest Precious Metal — and Back Again
Palladium's story is unlike the others. Gold and silver have been stores of value for thousands of years and platinum was long called the rich man's gold, whereas palladium was barely noticed outside industry until the 1990s. It took the surge in demand for petrol catalytic converters together with a supply base confined to two countries (Russia and South Africa) to set up one of the sharpest commodity runs on record.
Between 2016 and 2022 the palladium price climbed by close to 600 per cent, a return few commodities came near in the same window. The descent has been every bit as quick, because the switch to electric cars is steadily undermining the very demand that made the metal in the first place.
Historical Milestones
The historical price calculator for palladium works off the LBMA Palladium Price which, like platinum, is fixed twice daily: an AM fix at 9.45 and a PM fix at 2 p.m. London time. The auction is administered by the London Metal Exchange and provides the global reference for palladium contracts and fund valuations. Liquidity is thinner than in gold or silver, so on a volatile day the fix can sit noticeably away from the intraday spot price.
The date that matters most in this market is 7 March 2022, when palladium reached its all-time high of $3,440 an ounce on fears that Russian supply would be cut off after the invasion of Ukraine. The calculator traces the whole move, from a pre-war level around $2,400 to the peak within days and then an equally abrupt retreat. January 2001 is worth a look too: palladium first passed $1,100 after Ford bought long-term Russian supply in something close to a panic, a decision the company wrote off to the tune of billions once supply normalised.
In palladium the historical comparison is not optional, because the size of the swings makes any single quote meaningless on its own. From roughly $500 an ounce in 2016 to $3,440 in 2022 is a factor of nearly seven, and the fall from that high has taken more than 70 per cent off the price. Nothing in the gold market compares. There is a practical tax angle as well: a gain on physical palladium is charged at 33 per cent whenever it is realised, because Ireland has no holding period that switches the charge off, and with only €1,270 of gains exempt in a year the documented purchase price is what keeps the assessment honest. The parallel USD and EUR display is especially instructive here, since the metal's own volatility sometimes magnifies the currency effect and sometimes buries it completely.
Palladium Price by Weight and Unit
The range of physical palladium products is far narrower than for gold or silver, and most dealers carry no more than a handful of bar and coin formats. The market is small and industrial demand dominates it, so there is little commercial reason to offer more.
- ◆ 1 oz Bars (31.1 g) — the standard retail product, from Heraeus, Umicore, PAMP and Valcambi, at 999.5/1000 fine.
- ◆ Canadian Palladium Maple Leaf — the best-known palladium coin, struck by the Royal Canadian Mint since 2005 at 999.5/1000, face value 50 CAD.
- ◆ Russian Ballerina (Russia, historical) — Soviet and Russian palladium coins struck between 1988 and 1995, now collected as much as invested in.
- ◆ 1 oz to 10 oz Bars — larger denominations for bigger positions, usually made to order given how thin the demand is.
Note: Where gold and silver run to hundreds of coin and bar formats, palladium offers very little choice, and the dealing premium reflects it: 8 to 15 per cent over spot is common, a consequence of small production runs and thin demand. Buyers here should reckon on VAT at 23 per cent on top of that.
Troy Ounce Converter
1 troy ounce = 31.1035 grams
Common Investment Products
Key Drivers of the Palladium Price
The palladium price is determined by a unique combination of industrial demand, geopolitical risks, and technological change. Unlike gold, which is primarily driven by monetary policy and investor sentiment, palladium is a pure industrial metal — and therefore extremely sensitive to the economic cycle.
Automotive Industry: The Dominant Factor
Over 80% of global palladium demand comes from the automotive industry — specifically from the use in three-way catalytic converters for gasoline engines. These catalytic converters transform the toxic exhaust components carbon monoxide (CO), nitrogen oxides (NOx), and unburned hydrocarbons into harmless substances (CO2, N2, H2O). Palladium is the preferred catalyst for gasoline engines, while platinum traditionally dominates in diesel engines.
The tightened emission standards in recent years — Euro 6d in Europe, China 6 in China, Tier 3 in the United States — required higher palladium loading in catalytic converters, causing demand to surge from 2016 onward. At the same time, gasoline's market share in Europe grew at the expense of diesel following the VW diesel scandal in 2015.
Electric Vehicles: The Existential Threat
Battery electric vehicles (BEVs) require no catalytic converter — and therefore no palladium. With every percentage point that BEV market share increases, structural palladium demand declines. In China, the BEV/PHEV share of new car registrations already exceeds 35% (2024), while in Europe it stands at around 20%.
Warning: Palladium is the precious metal facing the greatest structural demand decline. Even if the transition to electric mobility proceeds more slowly than expected, internal combustion engine sales will decline continuously over the coming decades. For long-term investors, this represents a fundamental risk that does not exist with gold or silver.
Substitution by Platinum
Given the price differential between palladium and platinum, automakers and suppliers such as BASF and Johnson Matthey are actively working on substituting palladium with platinum in gasoline catalytic converters. Since platinum has at times cost less than one-third of the palladium price, the economic incentive is enormous.
Technically, substitution is challenging: palladium is more stable at high temperatures than platinum and is less prone to oxidation. Nevertheless, several manufacturers have developed so-called tri-metal catalytic converters that use a blend of palladium, platinum, and rhodium, reducing the palladium content by up to 50%. This development further depresses palladium demand.
Russia: Geopolitical Supply Risk
Nornickel (formerly Norilsk Nickel) is by far the world's largest palladium producer, accounting for approximately 40% of global supply. Its mines are located in the Arctic city of Norilsk on the Taimyr Peninsula — one of the most remote and environmentally polluted industrial regions on Earth. Palladium is extracted there as a by-product of nickel and copper mining.
Following Russia's invasion of Ukraine in February 2022, palladium prices surged to record levels as the market feared sanctions against Nornickel. Although direct sanctions against Nornickel have not materialized to date, self-sanctions by Western buyers, insurance complications, and logistics bottlenecks have permanently altered trade flows. Russian palladium is increasingly flowing to China and India rather than Europe.
South Africa: Second-Largest Producer
South Africa produces approximately 35-40% of the world's palladium, primarily as a by-product of platinum mining. The major producers are Anglo American Platinum (Amplats), Impala Platinum (Implats), and Sibanye-Stillwater. South African production suffers from chronic challenges: load shedding (power outages due to the ailing energy infrastructure of Eskom), rising operating costs, labor disputes, and increasing mine depths. These supply risks provide a floor for the palladium price on the downside.
Palladium Performance and Seasonality
Performance Table
Go to TablePalladium shows the widest swings of the four precious metals by a distance. Daily changes of 2 to 4 per cent are normal, and a year can finish 50 per cent higher or 40 per cent lower. The reason is the size of the market: annual production of about 210 tonnes, against roughly 3,600 tonnes for gold, means that quite ordinary flows of money move the price. The figures in the table therefore reflect market liquidity every bit as much as any genuine shift in supply and demand.
Comparing euro and dollar performance matters less in palladium than in gold, simply because the metal's own volatility swamps the exchange rate over most windows. When the price moves 3 per cent in a day, a currency difference of a tenth to a third of a percentage point is neither here nor there. The five-year columns are the exception: over that length of time the accumulated currency effect can still come to several points of return.
Read the figures against the structural headwind from electrification. A sharp move in the today or seven-day column may reflect news out of Russia or a short-lived supply problem without altering the direction of long-run demand at all. The one-year and five-year numbers belong in that wider frame: from the record of 3,440 dollars an ounce set in March 2022, palladium has shed more than 70 per cent, a decline that tracks the retreat of the combustion engine and is easily forgotten during a rally.
Seasonality (20 Years)
Go to ChartNo precious metal is tied to a single industry as tightly as palladium is to car production. The first quarter is historically the strongest of the year: manufacturers and their suppliers build stock from the outset for the current model year, and catalyst producers place their largest orders in that window. Russian and South African deliveries are frequently reduced in January at the same time, in Norilsk because of the Arctic cold and in South Africa because of the holiday period and maintenance work.
The third quarter is the low point of the palladium year. European and North American plants close for two to four weeks over the summer and catalyst demand falls away noticeably. North America adds the model year changeover, the period when lines are retooled from one year's model to the next and output stops for a spell. On the futures markets, thin summer volumes exaggerate the moves in both directions.
The fourth-quarter recovery comes from plants restarting after the shutdowns and from the year-end push to hit annual sales targets and build inventory for the new year. Speculative money and hedge funds position for the year ahead at the same time, which can add a bid of its own. That said, the tight link to car production also means a macroeconomic shock can override the seasonal pattern entirely, as the plant closures of spring 2020 showed. Anyone holding palladium should keep an eye on global vehicle output as well as on the calendar.
Performance Calendar (Heatmap)
Go to CalendarPalladium produces the harshest grid of the lot. Swings of 2 to 3 per cent in a single day are routine and 5 per cent is not unusual, so the calendar fills with deep greens and deep reds at an intensity gold and platinum never approach. The cause is the thinness of the market: annual mine output of roughly 210 tonnes and modest liquidity in the exchange-traded products mean that even middling flows of money shift the price noticeably.
The most extreme runs come out of Russia. Nornickel alone accounts for something like 40 per cent of world supply, so sanctions talk, Arctic logistics or a diplomatic row can flip the grid from one day to the next. In March 2022, after the invasion of Ukraine, the calendar spent weeks alternating between extremes as panic buying gave way to profit-taking and back again, an intensity you simply do not see in the platinum or gold calendars.
Treat the calendar as a barometer rather than a scoreboard. Long stretches of moderate colour are rare in palladium and have often come immediately before a larger move, the market gathering itself for the next leg. Weeks of wildly alternating extremes mean uncertainty is running high and short-term trading is at its most punishing. Anyone who follows the grid for a while realises that palladium carries a different risk profile from gold altogether: it is not a steadying anchor for a portfolio but a volatile, speculative holding, where position size and discipline matter far more than the view.
Investing in Palladium
Among the four classic precious metals, palladium is the most speculative investment. It has no monetary history, is not considered a safe haven, and its future depends largely on a single industry. Nevertheless, it offers opportunities for experienced investors — provided the unique risks are fully understood.
Physical Palladium: Bars and Coins
Purchasing physical palladium bars and coins is possible but comes with significant drawbacks:
- ◆ 23% VAT on every physical palladium purchase, with no exemption of the kind gold enjoys
- ◆ High dealer premiums of 8-15% above spot price
- ◆ Limited product selection and low market liquidity when reselling
- ◆ Lower recognition among precious metals dealers — not every dealer will buy back palladium
Physical palladium is therefore primarily suited for experienced collectors and investors who deliberately wish to take a niche position and are willing to accept the higher costs.
Palladium ETCs
Exchange Traded Commodities (ETCs) offer a more cost-effective way to access the palladium market without the disadvantages of physical ownership:
- ◆ WisdomTree Physical Palladium (PHPD) — Physically backed, stored in London vaults, TER 0.49%
- ◆ Aberdeen Standard Physical Palladium Shares ETC (PALL) — US-listed, physically backed
- ◆ Xtrackers Physical Palladium ETC — European ETC with physical backing
The liquidity of palladium ETCs is significantly lower than that of gold or silver ETFs. Bid-ask spreads of 0.3-0.8% are common, compared to often less than 0.05% for gold ETCs. This should be taken into account when pursuing short-term trading strategies.
PGM Mining Stocks
Since there are very few pure palladium mines, investors gain exposure through PGM producers for which palladium represents a significant share of revenue:
- ◆ Nornickel (GMKN) — World's largest palladium producer, but as a Russian company virtually uninvestable for EU investors
- ◆ Sibanye-Stillwater (SSW) — South African company with US palladium mines (Stillwater, Montana) and South African PGM operations
- ◆ Impala Platinum (IMP) — One of South Africa's largest PGM producers with a significant palladium share
- ◆ Anglo American Platinum (AMS) — Largest platinum producer, also mines substantial palladium as a by-product
Palladium vs. Other Precious Metals
Compared to gold, silver, and platinum, palladium occupies a unique position:
- ◆ No monetary history: Palladium has never been used as a coinage metal or monetary standard
- ◆ No safe-haven status: In crises, palladium typically falls with equity markets as industrial demand collapses
- ◆ Highest industrial dependency: Over 80% of demand comes from a single sector (automotive)
- ◆ Greatest volatility: Annual fluctuations of 30-50% are normal
- ◆ Structural headwinds: Long-term demand decline driven by electric mobility
Important: Palladium is not a safe haven. Those seeking inflation protection or crisis hedging are better served by gold. Palladium is a speculative bet on the future of the internal combustion engine and geopolitical supply risks. It is suitable at best as a small allocation within a diversified commodities portfolio.
Palladium Alloys and Purity
Palladium turns up in a range of purities and alloys, from high-purity investment bars to specialised industrial compositions. Unlike gold or silver, the working range of palladium alloys sits almost entirely in jewellery and industry.
- ◆ Pd 999.5 — investment grade: the purity used for bars and bullion coins. The LBMA requires a minimum of 999.5/1000 for Good Delivery.
- ◆ Pd 950 — fine jewellery: 95 per cent palladium with ruthenium or copper. Used as a hypoallergenic alternative to white gold; a Pd950 ring is lighter, a purer white and safe for anyone with a nickel allergy.
- ◆ Pd 500 — a jewellery alloy of 50 per cent palladium, frequently combined with silver and copper, offered as the more affordable option.
- ◆ White Gold Alloys — palladium is steadily replacing nickel in white gold (Au750/Pd130, for example), since it provokes no allergic reaction and gives a naturally white finish without rhodium plating.
- ◆ Dental Alloys — once a substantial outlet: palladium-silver and palladium-copper alloys for crowns and bridges. Between the price of the metal and the move to ceramics, that market is falling away sharply.
- ◆ Electronics (MLCC) — multilayer ceramic capacitors use palladium in their internal electrode layers. Every smartphone holds hundreds of them, a growing if modest source of demand.
Palladium and Tax in Ireland
Palladium gets none of the breaks gold gets. It is taxed like any other commodity on the way in and like any other asset on the way out, which turns an already volatile metal into an expensive one to hold in physical form. What follows is general information, not tax advice; Revenue publishes the authoritative guidance.
Value Added Tax: The Full 23% Applies
Physical palladium carries the standard rate of 23%. The investment gold exemption in Schedule 1, paragraph 9(1) of the Value-Added Tax Consolidation Act 2010 is confined to gold of investment grade and does not extend to the platinum group metals, so there is nothing to claim and no reduced rate to look for. On a metal that already trades with dealer premiums of 8 to 15%, that is a heavy start.
Tip: There is no reduced-rate route to hunt for here, so the only levers are the premium you accept and the form you choose. Metal left in a bonded warehouse outside the EU defers the charge for as long as it stays there, but it falls due the moment the palladium is brought into the State — and a security that tracks the price avoids the charge altogether, because no metal changes hands.
Capital Gains Tax: The Calendar Is Irrelevant
Ireland attaches no significance at all to how long you have owned something. What matters is the shape of the investment:
- ◆ Physical palladium (bars, coins): an ordinary chargeable asset. Proceeds less documented cost less the expenses of buying and selling, charged at a flat 33% under section 28 of the Taxes Consolidation Act 1997, after the annual exempt amount of EUR 1,270 in section 601. Only the excess above that figure is taxed; a year on the shelf makes no difference either way.
- ◆ Palladium ETCs (physically backed): a listed security rather than metal, and Ireland taxes securities by their legal construction — a debt instrument and a fund interest fall under separate regimes. Since a physically backed ETC can be drafted either way, check the prospectus and the key information document, and take advice where the answer is not plain.
- ◆ Mining shares: ordinary shares, so gains fall within the same flat capital gains charge, while any dividends are income rather than gains and are handled separately.
The practical comparison: With 23% VAT paid at the till and a wide dealer spread on resale, physical palladium starts a long way behind, and no holding period exists to claw that back later. Many Irish investors therefore take their exposure through a listed product and keep the physical metal for the cases where possession itself is the point. Whichever route you take, keep the paperwork — a documented purchase price is worth more to you at disposal than any amount of waiting.