HOW MUCH IS YOUR PALLADIUM WORTH?

Palladium Pricing Charts

Keep yourself updated on the latest changes in the spot price of a troy ounce of palladium on this page. We log the daily changes as well as values going back into the past, so you can use them for trend analysis and other research.

Below are four data pieces: the normal palladium price chart, a historical palladium performance chart, a historical annual performance chart, and finally a table for the spot price of all precious metals we sell.

Palladium Price Chart

Historical Palladium Performance Table

Historical Palladium Performance Table – Annual

Precious Metals Spot Price Table

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The Oxford Gold Group’s Palladium Chart

See Live Palladium Prices in Different Currencies

Our Oxford Gold Group’s palladium price chart provides the most accurate current price of palladium. Our price chart keeps up with the dynamic palladium market to help you make informed decisions when buying or trading palladium.

Our palladium chart allows you to view live prices, updated every few seconds, in leading currencies like the U.S. Dollar, the Euro, and the British Pound. You can also see historical data on palladium spot prices.

Be sure to purchase high-quality palladium coins and bars through us at The Oxford Gold Group.

FAQ

What Is the Price of Palladium Right Now?

Palladium prices currently hover around $2,250 per ounce, or $72 per gram. This makes palladium more expensive right now than gold and platinum. However, the price of palladium and other precious metals shifts constantly, so make sure to keep up with our price charts.

Why Does Palladium Price Fluctuate?

Palladium, a precious metal discovered in 1803, appears in the periodic table under the elemental symbol of Pd and the atomic number of 46. It is a silvery-white, lustrous, corrosion-resistant metal with high ductility. Palladium belongs to the Platinum Group Metals, along with platinum, ruthenium, rhodium, and iridium.

Like any dollar-denominated commodity, palladium prices follow the supply-and-demand rule. When demand outstrips supply, prices rise, and vice versa. As palladium isn’t just an investment metal but also has key industrial uses, industry shifts may drive the palladium price up or down.

What Affects the Price of Palladium?

Industry, market, and investment trends can influence the palladium spot price. Investors should keep these elements in mind when they try to predict a future price or plan to buy or sell palladium.

For example, one of palladium’s main industrial uses is in catalytic converters, which help reduce car exhaust pollution. However, if the automotive industry moves towards electric cars in the next decades, converters will become obsolete and the demand for palladium may drop, along with its spot price.

International crises like the Russia-Ukraine war can also influence palladium prices. As the Russian Norilsk Nickel is one of the three mining companies that produce most of the world’s palladium, sanctions on Russia may curtail global supply and cause the palladium price to spike.

When Is a Good Time to Buy Palladium?

Because of high market volatility, it’s hard to predict whether palladium prices will go up or down or to pinpoint the optimal time to acquire palladium cheaper. Production shortages, global politics, and industry shifts all influence the complex precious metals market.

For instance, the price of palladium soared with automotive industry demand, which was high enough to prompt a wave of catalytic converter theft. However, to offset costs, some auto manufacturers moved to replace palladium with platinum or alloys, driving the price down again.

While the market is unpredictable, precious metals will always retain their worth as limited-supply commodities with a high intrinsic value. A long-term palladium investment can be a safe hedge when markets crash and stocks, bonds, and fiat currency depreciate.

How Do You Buy Palladium Online?

Investors who want to purchase palladium bullion have three main options: palladium bars, coins, or rounds. Whatever palladium products you choose, buy them through a reputable distributor to avoid scams. Look for the .9995 purity mark that shows the bullion contains no less than 99.95% palladium.

Palladium in bar form will usually give you more metal for the same price compared to coins. However, coins are generally easier to trade and may have additional numismatic value. Several popular legal tender coins, like the American Eagle and the Canadian Maple Leaf, are also available in a palladium version.

Investors who buy silver, gold, or palladium must also provide safe storage for their precious metals. You may consider a home safe, a bank safe deposit box, or a precious metal depository.

What Is a Troy Ounce?

When you explore the precious metals markets, you will notice that distributors who trade in palladium, gold, silver, or platinum list their offerings in troy ounces. Understanding this term is important so that you know how much metal you’ll get for your money.

While one ounce is 28.35 grams, in the troy weight system, an ounce is slightly heavier and equals 31.1 grams. However, a troy pound is lighter than a standard pound. A standard pound contains 16 ounces, or 453.6 grams, while the troy pound only contains 12 ounces, or 373.2 grams. Thus, the troy system is closer to the original Latin weight system, under which “uncia,” or “ounce,” means one-twelfth.

The term “Troy” probably derives from the historical French town of Troyes, which was a major market center. The troy system migrated to Britain with French-born King Henry II and eventually became the standard for rare metals.

Is Palladium a Good Investment?

While palladium enjoys less fame than other precious metals like gold or platinum, investing in palladium offers both the security of a tangible commodity and considerable appreciation potential. Although the spot price may fluctuate, rare metals will always retain intrinsic value, even in situations like economic recession and the downfall of fiat currency.

Since palladium is a precious metal with limited supply, newly mined palladium may become scarce and command a higher price in the future. Industrial uses, like automotive, medical, and electronic applications, might drive the spot price up. Investors who recognize a market peak in time may sell their palladium stores for considerable profit.

Compared to palladium, gold offers both more security as a safe-haven investment and higher liquidity for trading. It’s generally easier to sell gold, a well-known and popular investment metal. However, the wisest strategy would probably be to diversify your portfolio by investing in different precious metals.

If you choose to invest in physical palladium, you can simply store palladium bullion in a safety deposit box, keep your holdings in a mutual fund, or place your palladium in a self-directed IRA account. While a precious metals IRA involves some limitations on the metals you can deposit and may restrict direct access to your bullion, it also gives high flexibility, control, and growth potential.

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