Palladium price over 5 years in USD per ounce
Palladium Price Performance
How the palladium price has moved across key timeframes. Change is calculated from the opening price of each period to the current live price.
| Timeframe | High | Low | Change |
|---|---|---|---|
| 1 Day | 1,613 usd | 1,505 usd | +3.36% |
| 1 Week | 1,711 usd | 1,505 usd | -3.98% |
| 1 Month | 1,845 usd | 1,557 usd | -7.43% |
| 3 Months | 2,190 usd | 1,557 usd | +0.08% |
| 1 Year | 2,190 usd | 890.66 usd | +65.10% |
| 5 Years | 3,444 usd | 850.00 usd | -39.22% |
| 10 Years | 3,444 usd | 522.85 usd | +172.71% |
5 years palladium price trends
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 Price, 5 years (per ounce)
Palladium price per ounce
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.
Data Sources & Methodology
The chart above shows the live palladium price per ounce over 5 years. Use the buttons below the chart to switch between timeframes and weight units.
Our palladium price data is sourced from the global spot market reference rate XPD/USD, the widely-quoted international benchmark for palladium priced in US dollars per troy ounce.
Prices are streamed once per minute during market hours and stored as 1-minute OHLC (open, high, low, close) bars. Longer timeframes are aggregated from this granular data, for example the “1D” view shows the last 24 hours, “1W” uses 30-minute bars, and yearly views use daily closing prices.
The precious metals spot market trades nearly 24 hours a day, 5 days a week (Sunday 5 PM ET to Friday 5 PM ET). During weekends and holidays the chart displays the most recent available prices. All times on this page are shown in your local timezone (UTC).
Palladium Price FAQ
- How much is 1 ounce of palladium worth today?
The palladium price fluctuates continuously during market hours. See the live palladium price above for the current value per ounce.
- What determines the palladium price?
Palladium prices are overwhelmingly driven by automotive demand, where it is used in gasoline vehicle catalytic converters to reduce harmful emissions. About 80% of palladium demand comes from this sector. Supply is concentrated in Russia (about 40%) and South Africa (about 35%), making it sensitive to geopolitical risk and mining disruptions.
- Why has palladium declined from its all-time highs?
Palladium peaked above $3,000/oz in 2022 due to supply fears from Russia-Ukraine sanctions. It has since declined as automakers accelerated substitution toward cheaper platinum in catalytic converters, electric vehicle adoption reduced combustion engine production, and increased recycling boosted secondary supply.
The prices displayed are for informational purposes only. Use of this page is at your own risk. We accept no liability for errors.
