Palladium Price Today — Live Market Analysis
The palladium price today is determined in real time across global commodity markets. Quoted as XPD/USD, the spot price represents what buyers and sellers are paying right now for immediate delivery of one troy ounce of pure palladium (999.5 fine). Primary price discovery occurs on COMEX in New York and the London Platinum and Palladium Market (LPPM).
What is the palladium price right now?
The live chart above shows today's spot price sourced continuously from COMEX futures and the LPPM OTC market. Unlike gold, which trades as a near-pure financial asset, palladium's price today is anchored by industrial fundamentals — making it one of the most volatility-prone precious metals on the market. The chart refreshes tick-by-tick during trading hours; outside market hours it reflects the last available quote.
What drives today's palladium price?
- Global vehicle production: Approximately 85% of palladium consumed annually goes into gasoline and hybrid catalytic converters. Daily auto output data from China, the US, Germany, and Japan directly moves today's price.
- Russian supply: Norilsk Nickel in Russia produces roughly 40% of the world's palladium. Any sanctions update, export restriction, or operational disruption can shift today's price immediately.
- South African mining output: Power outages, labour strikes, and operational disruptions at South African platinum group metal mines are a persistent supply risk.
- EV adoption rate: Battery electric vehicles use no catalytic converters. Each percentage point of EV market share gained reduces long-term palladium demand — a bearish structural headwind visible in today's lower prices vs. 2022 peaks.
- Platinum substitution: Automakers can partially swap platinum for palladium in petrol catalysts — this creates a technical ceiling on how high today's palladium premium over platinum can rise.
- US Dollar index: Palladium, like all USD-priced commodities, moves inversely to a rising DXY.
Palladium price today vs. gold and platinum
Palladium famously traded above gold from late 2019 through 2022 — a historic anomaly driven by a chronic supply deficit and surging automotive demand. It hit an all-time high above $3,000/oz in March 2022 following Russia's invasion of Ukraine. Since then, palladium has fallen sharply below gold as EV adoption accelerated, platinum substitution reduced demand, and the post-COVID supply squeeze eased. Today's palladium price typically trades at a discount to both gold and platinum — use the related metals cards above to compare live prices.
Palladium price today per gram
- Per troy ounce: The global benchmark — shown live in the chart above.
- Per gram: Divide today's USD/oz price by 31.1035. At $950/oz ≈ $30.54/g.
- Per kilogram: Multiply the gram price by 1,000. At $950/oz ≈ $30,540/kg.
Today's palladium price in other currencies
The XPD/USD spot price shown here is the global benchmark. Palladium prices in EUR, GBP, and other currencies are derived by converting the USD spot price at the current exchange rate. Use the currency cards above to view today's palladium price in euros or pounds, or toggle the chart currency selector directly in the widget.