How the palladium price is set
Palladium is priced per troy ounce in US dollars. The LBMA Palladium Price, set twice each working day in London, is the benchmark for the physical market, and NYMEX palladium futures are the most widely followed traded contract.
Our charts show daily closing prices of palladium futures, which track the spot price closely. Prices in pounds sterling, euros, Swiss francs, Canadian dollars and UAE dirhams are converted at each day's reference exchange rate.
What moves the price of palladium
Most palladium, roughly four fifths of demand, goes into catalytic converters for petrol cars, so the palladium price is closely tied to car production and emissions rules. The growth of electric cars, which need no catalytic converter, is a long-term pressure on demand.
Supply is concentrated in two countries: Russia and South Africa together produce most of the world's palladium. Sanctions, export disruptions or mine problems in either can move the price sharply.
A volatile metal
Palladium is the most volatile of the four precious metals. It overtook gold in 2019 and rose above $3,000 an ounce in 2022, before falling sharply as car demand weakened. Because of these swings, buyers usually hold palladium as a small part of a wider precious metals holding.
The palladium price in pounds, euros and other currencies
Palladium is priced in US dollars, so we convert each day's dollar price at that day's reference exchange rate to show it in pounds sterling, euros, Swiss francs, Canadian dollars and UAE dirhams. The comparison chart above shows how the price of an ounce has changed in each currency over the same period.
Spot price and the price you pay
Palladium coins and bars sell for the spot price plus a premium covering minting and distribution. Investment palladium is normally 999.5 fine. Every product in our shop is priced from the live spot price plus a stated premium, and your price is locked for 10 minutes at checkout. Any VAT for your delivery country is shown before you order.
Frequently asked questions
What is the palladium price today?
One troy ounce of palladium currently costs about £730.14, €874.90, US$977.00, CHF 806.11, CA$1,366.05 or AED 3,588.03 at the spot price, before any premium or VAT. Prices on this page update with the live market.
What is palladium used for?
Mostly in catalytic converters for petrol cars, which take roughly four fifths of demand. It is also used in electronics, dentistry and chemical production.
Why is palladium so volatile?
Its market is small, demand depends heavily on one industry, and supply comes mainly from two countries, so changes in any of these can move the price sharply.
Is the price on the chart the price I pay?
No. The chart shows the spot price. Coins and bars sell for spot plus a premium, shown on each product page.
How pure is investment palladium?
Investment palladium coins and bars are normally 999.5 fine.
Can I sell palladium to you?
Yes. We buy palladium coins and bars at 97% of the live spot value of their fine palladium content, with no fees or commission. Request a quote on our Sell to us page and we will confirm the price by email within one working day.
