Palladium Price

About this data

This page quotes the palladium spot price in US dollars per troy ounce and charts it across one week in five-minute bars and one month, three months and one year in daily closes with moving-average overlays; a second chart re-bases the price in dollars, yuan, rupees and Australian dollars. Platinum and palladium are thinner and more industrial markets than gold: roughly four-fifths of palladium and two-fifths of platinum demand come from vehicle exhaust catalysts, and mine supply is concentrated in South Africa and Russia. The price answers to car production and catalyst chemistry far more than to interest rates, and when one metal trades at a deep discount to the other, automakers substitute toward it and the gap closes.

Source: nFusion Solutions spot quotes for palladium (XPT for platinum, XPD for palladium), polled every minute and shown without delay; the daily series uses the vendor's UTC-day bars, refreshed every two hours, with moving averages computed by WatchGold from the full daily history.

Frequently asked questions

Who sets the palladium price and when is it published?

Three prices coexist. The spot quote on this page is a continuous over-the-counter dealer price, quoted around the clock by bullion dealers. The reference benchmark is the LBMA palladium price, set by electronic auction twice each London business day at 09:45 and 14:00 and used to value contracts and funds. Exchange price discovery runs on NYMEX futures, PL for platinum at 50 troy ounces a contract and PA for palladium at 100, which tend to lead spot during US hours.

How do I read the palladium price chart and its moving averages?

The one-week view is intraday: five-minute bars built from the live feed. The longer views plot one close per trading day and overlay simple moving averages scaled to the window, 5- and 20-day on one month, 20- and 50-day on three months, 50- and 200-day on one year, computed from the full history so they are valid from the first visible point. Price above a rising 200-day average is the conventional definition of an uptrend.

Why doesn't the palladium price follow gold?

Because the marginal buyer is different. Gold is held as a monetary asset and moves on real yields, the dollar and central-bank buying; most palladium is consumed, mainly in catalytic converters, so its price follows vehicle output, emissions rules and substitution between platinum and palladium in gasoline catalysts. Supply is concentrated, South Africa for platinum and Russia with South Africa for palladium, so mine strikes, power cuts and sanctions move the price far more than they move gold.