Palladium Price Per Ounce Today

As of August 8, 2026, the palladium price is $1,373.99 per troy ounce, down 0.54% over the past 24 hours. The price is quoted in US dollars per troy ounce and updates continuously as NYMEX futures and over-the-counter markets trade. That works out to $44.17 per gram and $44,175 per kilogram.

Live palladium spot price per troy ounce in USD. Real-time XPD/USD data from COMEX with interactive charts.

$1,373.99

-$7.43

-0.54%

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Interactive price chart showing historical data across multiple time ranges (24H, 7D, 1M, 3M, 6M, 1Y, 5Y, MAX). Enable JavaScript to view.

24h Change

-0.54%

24h Range

$1,373.92 to $1,381.58

Bid / Ask

$1,373.99

All-Time High

$3,440.76(Mar 7, 2022)

Live market statistics: 24-hour price change, daily trading range, bid/ask spread, and all-time high with date. Enable JavaScript to view real-time data.

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Data Methodology

Where does this price data come from?

Palladium spot prices are aggregated from trusted market data sources tracking the primary global exchanges, with automatic fallback for redundancy. Prices are updated in real-time during market hours, ensuring you always see the latest data. All prices reflect the latest available mid-market spot rate.

How is the palladium spot price determined?

The palladium spot price is derived from the most actively traded futures contracts on NYMEX (CME Group) and the London Platinum and Palladium Market (LPPM). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.

When are precious metals markets open?

COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week. Our data reflects these continuous market movements.

Understanding the Palladium Spot Price

The palladium spot price is quoted as XPD/USD, representing the current market value of one troy ounce (31.1035 grams) of palladium. The troy ounce is the standard unit for all precious metals, inherited from the medieval European trading system centered in Troyes, France.

Palladium futures trade on NYMEX (part of CME Group) under the symbol PA, with each contract representing 100 troy ounces of palladium. The NYMEX palladium contract is physically deliverable, meaning holders take delivery of actual palladium bars meeting exchange specifications.

Palladium surged from approximately $500 per ounce in 2016 to over $3,440 per ounce in March 2022, then corrected sharply as EV adoption accelerated and platinum substitution efforts progressed. Palladium futures are far less liquid than gold or silver contracts, with lower daily trading volumes and wider bid-ask spreads. This illiquidity contributes to the metal's characteristic volatility.

For physical investors, the Palladium Eagle coin issued by the United States Mint is the most recognized palladium bullion product. It contains one troy ounce of .9995 fine palladium. First minted in 2017, it carries legal tender status with a face value of $25, though its market value is determined by the prevailing spot price plus a dealer premium.

Other one-ounce palladium products include bars from PAMP Suisse, Valcambi, and the Canadian Palladium Maple Leaf coin from the Royal Canadian Mint. Physical premiums on palladium products are typically higher than those on gold or silver due to lower production volumes, limited dealer inventory, and the metal's smaller investor market. Premiums of 5-15% over the spot price are common for one-ounce palladium coins and bars.

COMEX futures: Palladium futures (PA) represent 100 troy ounces per contract

All-time high: $3,440/oz reached in March 2022 during the Russia-Ukraine crisis

Demand profile: About 80% of palladium demand comes from gasoline autocatalysts

Supply concentration: Russia (~40%) and South Africa (~35%) dominate global supply

Data provided by MetalCharts, a free precious metals tracking platform offering real-time prices, interactive charts, historical data, and portfolio tools for gold, silver, platinum, palladium, and copper. Prices sourced from major global exchanges including COMEX, LBMA, and LME, updated continuously during market hours.

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Frequently Asked Questions

What is the palladium price per ounce today?

The palladium price per ounce changes continuously during market hours. Check our live palladium chart above for real-time XPD/USD prices from COMEX spot data.

How does palladium compare to platinum?

Both are platinum group metals used in catalytic converters. Palladium is used primarily in gasoline engines; platinum dominates in diesel. Palladium was more expensive than platinum from 2018 to 2023, but that relationship has since reversed, with palladium trading below platinum as of mid-2026 as substitution efforts and EV adoption reshape demand dynamics in both markets.

What happened to palladium prices in 2022?

Palladium hit its all-time high of $3,440/oz in March 2022, driven by fears of Russian supply disruptions following the invasion of Ukraine. Russia produces about 40% of the world's palladium. Prices subsequently declined as supply continued flowing through alternative channels and demand headwinds intensified.

Is palladium a good investment?

Palladium is highly volatile and illiquid compared to gold or silver. Its price depends heavily on the automotive industry, which is transitioning to electric vehicles that use zero palladium. Supply deficits drive sharp price spikes, but the long-term demand outlook is uncertain due to the EV transition and platinum substitution in gasoline catalysts.