Live palladium price

Palladium supply and the electric-vehicle question

Palladium had a long deficit market in the late 2010s, as stricter emission rules increased the amount needed per car while mine output stayed flat. The growth of battery-electric vehicles, which need no catalytic converter, has since weighed on long-term demand expectations. Hybrids still use palladium, and recycling from scrapped converters now supplies a significant part of the market. Because of these competing forces, analysts' forecasts for palladium differ widely, and the price can react strongly to car-sales data, sanctions news involving Russian producers and mine strikes in South Africa.

Palladium price per gram and kilo

At today's spot: 1 g $36.28, 10 g $362.81, 1 oz $1,128.46, 100 g $3,628.08 and 1 kg $36,280.83. Compared with gold at $4,148.63 per ounce, one ounce of palladium buys about 0.27 ounces of gold.

How the palladium price is calculated

The palladium price is the spot value of one troy ounce of .9995 fine palladium. Russia and South Africa produce most of the world's supply, which makes the market sensitive to geopolitical and mining events.

At present palladium trades near $1,128.46 per ounce, equal to $36.28 per gram. Compared with platinum at $1,623.55, the palladium/platinum ratio is 0.70.

Where palladium is used

More than 80% of palladium goes into catalytic converters for gasoline cars, where it converts harmful exhaust gases. The rest is used in electronics, dentistry, chemical catalysts and jewellery (often stamped 950 or 500). Because demand is so concentrated, car production numbers and the shift to electric vehicles strongly influence the price.

Example: a 1 oz palladium bullion coin has a melt value of about $1,128.46. Ten grams of 950 palladium jewellery contain 9.5 g of metal worth roughly $344.67.

Palladium price volatility

Palladium is one of the most volatile commodities. It rose from under $500 in 2016 to above $3,000 in 2022 before falling sharply. Use the 30-day chart and historical archive to put today's level in context.

Tips for palladium investors

Bullion coins and bars are less common than for gold, so premiums and spreads can be high. Consider storage and resale liquidity before buying, and compare prices per ounce including all fees.

If you are selling old catalytic converters or dental alloys, note that buyers pay for the recoverable palladium content after refining losses, which is far below the spot value of the item's total weight. Ask for an assay-based quote and compare offers from more than one refiner.

Use tested content for an actual palladium valuation

Palladium-bearing material can have very different compositions. A mint-specified bullion product, a jewelry alloy, a dental alloy and a catalytic converter cannot all be valued by multiplying gross weight by the same spot gram. Identify recoverable content and the buyer’s testing method first. Mixed scrap may require an assay and processing deductions that make an informal weight estimate unreliable. The site’s reference describes fine palladium and is not a quote for untested industrial scrap.

For bullion, confirm the product specification, fine content and authenticity procedure. A content label stated in fine ounces should not receive a second purity discount. Ask for both the delivered purchase price and a buyback quote for that exact product. Premiums, availability and verification costs affect the round-trip result independently of the spot market. A low quoted premium is not enough if the product has limited local resale access.

For jewelry, weigh the net alloy after stones and non-metal components are excluded. A 950 grade implies 95% palladium in that alloy, but marks and construction may need verification. Keep a signed or collectible piece out of a scrap process until its other resale possibilities have been considered. A refiner’s terms should specify accepted content, fees, settlement timing and what happens if the assay differs from your expectation.

Palladium’s concentrated supply and industrial uses make market narratives complex, not automatically predictive. Do not infer a future return from a past high or a chosen platinum ratio. Compare actual observations in the same currency and inspect source timestamps. Taxes, shipping, storage and refining costs are not included here, and jurisdiction-specific rules should be checked before a transaction. The live cache preserves speed but does not guarantee a newer observation on every page refresh.