Palladium Price Today
Track the live palladium spot price in USD per troy ounce. Real-time XPD/USD data with interactive charts and historical prices.
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Understanding the Palladium Price
The palladium spot price represents the current market price for one troy ounce of palladium. Palladium is one of the rarest precious metals, belonging to the platinum group metals (PGMs), with over 80% of demand coming from automotive catalytic converters for gasoline vehicles.
- Catalytic Converters — Gasoline vehicle emissions control is the primary demand driver
- Emissions Regulations — Stricter standards increase palladium loading per vehicle
- Russian Supply — Russia (~40% of supply) makes prices geopolitically sensitive
- EV Transition — Electric vehicles reduce long-term catalytic converter demand
- Platinum Substitution — Automakers can substitute cheaper platinum in some applications
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Frequently Asked Questions
What is the palladium price today?
The palladium price changes constantly during market hours. Our live chart above shows the real-time XPD/USD price updated with live market data from COMEX. Palladium is quoted in US dollars per troy ounce.
Why was palladium more expensive than gold?
Palladium surged above $3,000/oz in March 2022 due to chronic supply deficits, tightening emissions regulations on gasoline vehicles, and supply disruptions from Russia. Prices have since declined as automakers substituted cheaper platinum and EV adoption accelerated.
How do electric vehicles affect palladium?
EVs don't use catalytic converters, so growing EV adoption reduces long-term palladium demand. However, hybrids still use them, and the full transition to EVs will take decades. Stricter emissions on remaining ICE vehicles may partially offset this trend.
Where is palladium mined?
Russia (Nornickel) produces about 40% of global palladium, South Africa about 35%, with the remainder from Canada, the US, and Zimbabwe. This concentrated supply makes prices sensitive to geopolitical events and mine disruptions.
What is palladium used for?
Over 80% of palladium demand comes from catalytic converters in gasoline vehicles, where it converts toxic exhaust gases into less harmful emissions. Other uses include electronics (multilayer ceramic capacitors), dentistry, jewelry, and chemical catalysts. It is also used in hydrogen purification membranes.
What is the palladium all-time high?
Palladium reached its all-time high of approximately $3,440 per troy ounce in March 2022, driven by Russia-Ukraine conflict fears (Russia supplies ~40% of global palladium), supply deficits, and strong automotive demand.