Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
Disclaimer: Information on GoldSilverAI is for educational purposes only and is not intended as financial advice. Consult a professional advisor before making investment decisions.
The chart above illustrates the palladium price per kilo over 5 years. Click on the buttons in the upper left corner to find information on the palladium price across various time frames, from live updates to historical palladium price data. Typically, the palladium price is shown in troy ounces by default, but via the buttons in the upper right corner we also offer options to display the price in grams and kilograms.
Palladium prices over the last five years have been volatile, with significant declines in recent years. While palladium saw strong demand from the automotive sector, particularly for catalytic converters, shifts toward electric vehicles and increased recycling have reduced demand. Additionally, geopolitical issues in key mining regions, while initially causing supply concerns, have become less impactful as demand has decreased. Long-term trends now reflect a shift away from palladium in favor of alternatives like platinum and electric vehicle technologies.
Palladium is often traded in kilograms for industrial purposes, particularly in the automotive sector, where it is used for catalytic converters. Bulk purchases of palladium in kilograms are common in countries with large automotive and electronics industries, such as China and Germany.
Current price of palladium is 32,563 usd per kilo.
Palladium is highly valuable due to its role in reducing harmful emissions in vehicles and its increasing demand in the automotive industry.
Palladium is primarily used in catalytic converters for cars, but also has applications in electronics and dentistry.