Palladium Price

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Live Prices as of: June 24th 2024 02:46:04 AM
Last LBMA Price Update: June 24th 2024 06:46:04 AM

Palladium Price | 24 hours

Summarized Palladium Price Table

# Date/Time Price
1 12:00 AM $928.40 USD

Detailed Palladium Price Table

# Date/Time Price
1 12:00 AM $928.39 USD
2 06:00 AM $928.39 USD
3 12:00 PM $948.09 USD
4 06:00 PM $928.39 USD
5 12:00 AM $947.96 USD
6 06:00 AM $946.39 USD

Palladium Price | 15 Days

Summarized Palladium Price Table

# Date/Time Price
1 06/10/2024 $917.92 USD
2 06/14/2024 $891.88 USD
3 06/18/2024 $888.16 USD
4 06/22/2024 $933.32 USD

Detailed Palladium Price Table

# Date/Time Price
1 06/10 $917.91 USD
2 06/11 $897.00 USD
3 06/12 $903.50 USD
4 06/13 $900.19 USD
5 06/14 $891.88 USD
6 06/15 $908.66 USD
7 06/16 $908.66 USD
8 06/17 $892.06 USD
9 06/18 $888.15 USD
10 06/19 $896.83 USD
11 06/20 $910.98 USD
12 06/21 $938.51 USD
13 06/22 $933.32 USD
14 06/23 $933.32 USD
15 06/24 $947.18 USD

Palladium Price | 3 Months

Summarized Palladium Price Table

# Date/Time Price
1 04/21/2024 $1,000.27 USD
2 05/05/2024 $968.55 USD
3 05/26/2024 $968.68 USD
4 06/09/2024 $906.53 USD

Detailed Palladium Price Table

# Date/Time Price
1 04/21 $1,000.27 USD
2 04/28 $961.68 USD
3 05/01 $948.18 USD
4 05/05 $968.55 USD
5 05/12 $989.92 USD
6 05/19 $997.17 USD
7 05/26 $968.67 USD
8 06/01 $927.28 USD
9 06/02 $926.76 USD
10 06/09 $906.53 USD
11 06/16 $909.79 USD
12 06/23 $937.94 USD

Palladium Price | 12 Months

Summarized Palladium Price Table

# Date/Time Price
1 07/23 $1,272.06 USD
2 08/23 $1,254.79 USD
3 09/23 $1,241.34 USD
4 10/23 $1,151.94 USD
5 11/23 $1,062.58 USD
6 12/23 $1,093.73 USD
7 01/24 $997.72 USD
8 02/24 $936.29 USD
9 03/24 $1,010.09 USD
10 04/24 $1,007.32 USD
11 05/24 $977.24 USD
12 06/24 $916.42 USD

Detailed Palladium Price Table

# Date/Time Price
1 06/15 $1,377.47 USD
2 06/30 $1,235.58 USD
3 07/15 $1,301.76 USD
4 07/30 $1,255.16 USD
5 08/15 $1,252.83 USD
6 08/30 $1,234.97 USD
7 09/15 $1,258.08 USD
8 09/30 $1,276.01 USD
9 10/15 $1,181.17 USD
10 10/30 $1,156.77 USD
11 11/15 $1,029.48 USD
12 11/30 $1,024.34 USD
13 12/15 $1,127.84 USD
14 12/30 $1,134.88 USD
15 01/15 $981.71 USD
16 01/30 $981.52 USD
17 02/15 $947.32 USD
18 03/15 $1,081.38 USD
19 03/30 $1,001.53 USD
20 04/15 $784.89 USD
21 04/30 $964.64 USD
22 05/15 $1,001.21 USD
23 05/30 $953.47 USD
24 06/15 $908.66 USD

Palladium Price | 5 Years

Summarized Palladium Price Table

# Date/Time Price
1 2020 $2,272.01 USD
2 2021 $2,309.80 USD
3 2022 $2,090.15 USD
4 2023 $1,343.17 USD
5 2024 $976.89 USD

Detailed Palladium Price Table

# Date/Time Price
1 12/19 $1,904.08 USD
2 06/20 $1,938.35 USD
3 12/20 $2,357.80 USD
4 06/21 $2,718.58 USD
5 12/21 $1,833.65 USD
6 06/22 $1,906.74 USD
7 12/22 $1,817.98 USD
8 06/23 $1,354.86 USD
9 12/23 $1,093.73 USD
10 06/24 $916.41 USD

Custom Palladium Price Dates

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Palladium for investors

Palladium (1)Palladium is the lesser-known cousin of platinum. In appearance, palladium looks similar as it belongs to the same metals group. Historically, platinum has been more expensive, however, the distance between the two metals has narrowed in recent years. At present, Platinum/Palladium Price Ratio is around 1.75, and it had been as high as 5.5 a few years ago.

Industrial uses of palladium

preciousmetalpricestableWhile palladium is used for jewelry, there are many industrial applications of this precious metal. A major use is for catalytic converters in motor vehicles, which help make the engine exhaust less toxic components. Palladium is also used in electronics such as cellphones and computers as well as in chemistry. Moreover, it is used in dentistry. There is potential that palladium will be used in alternative energy creation through cold fusion that blends hydrogen, electric current, and palladium.

What determines the palladium price

As with other commodities, the spot price of palladium is determined by the forces of supply and demand. The economic activity and industrial demand is one side of the equation. As it varies, so will the price. The other side, the supply, comes mostly from Russian and South African mines. The levels of production there will influence the price of palladium.


The actual palladium price is set on the floors of commodity exchanges such as the New York Mercantile Exchange (NYMEX). It is done through futures trading where speculators as well as hedgers trade the futures contracts throughout the day. Thus, the price changes from one moment to the other.

Palladium is also highly responsive to monetary policy set by the Federal Reserve. For instance, hawkish monetary tightening that took place in summer 2022 directly resulted in price jumps of about 7%. The same is true of U.S. jobs data released by the Bureau of Labor, as the price of palladium tends to rise and fall in accordance to U.S. macroeconomic indicators. This makes palladium a particularly attractive asset for those interested in day trading or taking advantage of intra-day price movements. 

The expectations of these traders about future supply and demand of platinum will also influence the spot price in the present. The expectations can change based on a variety of events. For example, a strike at a mine in South Africa can lift prices up.

When investing in palladium bullion, keep in mind that you will pay a spot price, as determined by the market forces, plus a premium, which varies among the dealers.

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

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