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 ounce 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 primarily measured in troy ounces, especially in the automotive industry, where it is used in catalytic converters. Ounces are also the preferred unit for palladium investments, particularly in the United States and Europe.
Current price of palladium is 1,105 usd per ounce.
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.