Track the live palladium spot price per troy ounce, gram, and kilogram below. Wholesale bid and ask levels feed the chart; physical coins and bars trade at premiums that change with market conditions.
| Palladium Spot Price | Bid | Ask | Change | % Change |
|---|---|---|---|---|
| Price Per Ounce | $1478.27 | $1483.27 | $0.00 | n/a |
| Price Per Gram | $47.53 | $47.69 | $0.00 | n/a |
| Price Per Kilo | $47527.42 | $47688.01 | $0.00 | n/a |
Default view shows daily averages for the last 30 days. Other ranges load on demand.
Palladium is a platinum group metal (PGM) whose price is dominated by a single end-use: automotive catalytic converters for gasoline-powered vehicles. This concentrated demand profile makes palladium one of the most volatile precious metals.
Approximately 80% of annual palladium demand comes from the automotive sector. Palladium is the primary catalyst used in gasoline vehicle catalytic converters to convert harmful pollutants (carbon monoxide, hydrocarbons, nitrogen oxides) into less harmful emissions. As global emissions standards have tightened—particularly in China, Europe, and India—the amount of palladium required per vehicle has increased, driving sustained demand growth.
Palladium supply is even more geographically concentrated than platinum. Russia (primarily through Norilsk Nickel) produces approximately 40% of global supply, and South Africa produces another 35%. This means geopolitical events, sanctions, or mine disruptions in either country can have outsized effects on price. The palladium market has been in a structural supply deficit for much of the past decade, with annual demand exceeding mine production.
The wide price gap between palladium and platinum has motivated automakers to research substituting platinum for palladium in gasoline catalytic converters. This substitution is technically feasible but requires retooling and recertification, which takes several years. As substitution progresses, it acts as a natural price cap on palladium and a demand floor for platinum, linking the two metals’ price trajectories.
Palladium experienced one of the most dramatic price moves in precious metals history. From under $500 per ounce in early 2016, palladium surged to over $3,000 by March 2022, driven by tightening emissions regulations, supply deficits, and Russian supply concerns following the invasion of Ukraine. The subsequent correction brought prices back below $1,500 as substitution fears, Chinese economic slowdown, and the EV transition reduced demand expectations.
This boom-and-bust cycle illustrates palladium’s sensitivity to automotive industry trends and the risks of investing in a metal with such concentrated demand.
The shift toward electric vehicles represents the most significant long-term risk to palladium demand. Battery electric vehicles (BEVs) do not use catalytic converters, eliminating palladium demand entirely. However, the transition timeline matters: hybrids, which still require catalytic converters, are expected to represent a significant portion of new vehicle sales for at least the next decade. Additionally, tightening emissions standards for remaining ICE and hybrid vehicles may increase palladium loading per vehicle, partially offsetting volume declines.
Palladium bullion products are less widely available than gold, silver, or platinum. The most common investment products are the Canadian Palladium Maple Leaf coin and palladium bars from manufacturers like PAMP Suisse and Valcambi. Premiums on palladium tend to be the highest among precious metals due to the metal’s small investment market and concentrated supply chain.
Palladium is best suited for investors who understand its automotive demand dynamics and are comfortable with higher volatility. It can provide diversification benefits within a broader precious metals portfolio but should not be the primary allocation for most investors. Browse palladium coins and bars and compare prices with closest-to-spot.
FindBullionPrices.com tracks palladium prices from live commodity market feeds. We compare palladium bullion prices across online dealers so you can find available products at the best prices. Visit our methodology page for details.
The palladium spot price is the current market price for one troy ounce of palladium for immediate delivery. It is determined by trading on the NYMEX/COMEX and the London Platinum and Palladium Market (LPPM).
Palladium surged from under $500 to over $3,000 between 2016 and 2022 due to tightening global emissions standards (which increased palladium per vehicle), structural supply deficits, and Russian supply uncertainty. Prices have since corrected as EV adoption accelerated and platinum substitution reduced demand growth expectations.
Approximately 80% of palladium demand comes from automotive catalytic converters for gasoline vehicles. The remaining 20% is split among electronics, dentistry, chemical applications, and investment.
Both are platinum group metals used in catalytic converters, but palladium is used primarily in gasoline vehicles while platinum dominates diesel applications. Palladium is rarer in terms of mine production (about 7 million oz/year vs. 6 million oz/year for platinum). The price relationship between the two has fluctuated dramatically—palladium was cheaper than platinum until 2018, then traded at a significant premium before correcting.
Battery electric vehicles do not use palladium, so full EV adoption would eventually eliminate automotive palladium demand. However, the transition will take decades. Hybrids (which still need catalytic converters) continue to grow, and tighter emissions standards for remaining combustion vehicles may increase per-vehicle palladium loading. Most analysts expect meaningful demand impact from EVs beginning around 2030–2035.
Yes, though selection is more limited than other metals. The Canadian Palladium Maple Leaf is the most widely available palladium coin. Palladium bars are available from PAMP Suisse, Valcambi, and other manufacturers in sizes from 1 oz to 10 oz. Premiums tend to be higher than other precious metals. Compare palladium prices across dealers on FindBullionPrices.com.
Palladium offers high potential returns but comes with significant risks due to its concentrated demand (80% automotive) and the long-term EV transition threat. It is best suited for experienced precious metals investors who understand these dynamics. As with all investments, consult a financial professional before making decisions.
