Palladium Price Per Gram Today

The palladium price per gram is calculated by dividing the current XPD/USD spot price by 31.1035, the number of grams in a troy ounce. Per-gram pricing is especially relevant for palladium because the automotive industry measures catalytic converter loadings in grams. A typical gasoline catalytic converter uses 2-7 grams of palladium per unit.

Supply is highly concentrated: Russia produces ~40% and South Africa ~35% of global output. This geographic concentration, combined with the auto industry's dominance as a buyer, makes palladium exceptionally volatile at any unit of measurement.

Unlike gold or platinum, palladium is rarely used in jewelry. It has a similar white luster to platinum and is lighter in weight, but its limited availability and historically volatile pricing make it impractical for most jewelers. When palladium does appear in jewelry, gram pricing is the standard measurement. Pieces are typically stamped with a "Pd 950" or "Pd 500" hallmark indicating purity.

For investors, palladium gram bars offer an accessible entry point into physical ownership. One-gram and five-gram bars are available from refiners such as PAMP Suisse and Valcambi, though premiums over spot are considerably higher on small bars than on standard one-ounce products.

Per-gram pricing is also the standard used by catalytic converter recyclers and auto scrap yards when evaluating spent converters. The palladium content of a used catalytic converter is measured in grams through assay, and the scrap value is calculated directly from the per-gram spot price minus processing costs. Industrial applications including electronics manufacturing and chemical catalysis also reference per-gram pricing for procurement and cost analysis.