As of August 8, 2026, the platinum to palladium ratio is 1.28, meaning one ounce of platinum buys 1.28 ounces of palladium. Platinum trades at $1,752.98 per ounce and palladium at $1,374.00 per ounce. Over the past 52 weeks the ratio has ranged from 1.04 to 1.56.
The platinum to palladium ratio is the price of platinum divided by the price of palladium. At the latest snapshot: $1,752.98 divided by $1,374.00 = 1.28.
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The platinum-to-palladium ratio compares these two platinum group metals (PGMs). Both are used in catalytic converters, but gasoline vehicles primarily use palladium while diesel vehicles traditionally use platinum.
Palladium became more expensive than platinum around 2017 due to surging gasoline vehicle demand and supply constraints. Some automakers are now substituting platinum for palladium in catalytic converters due to price differences.