Palladium Price Today
XPD 1.99% todayJune 11, 2026 · Base unit: troy ounce
Live Price
What is Palladium (XPD)?
Palladium (symbol Pd, ticker XPD) is a rare, silvery-white precious metal in the platinum group. It is primarily mined in Russia (~40%) and South Africa (~40%). Palladium is the critical catalyst in petrol (gasoline) engine catalytic converters — its single most important demand driver.
Palladium trades on the LBMA and NYMEX, priced per troy ounce in USD.
Palladium reached record prices above $3,000/oz in 2022 driven by Russian supply fears, before correcting significantly as the EV transition accelerated and automakers began substituting platinum in some applications.
- Symbol XPD
- Base Unit troy ounce
- Today Open $1,200.32
- 24h High $1,233.64
- 24h Low $1,189.07
Key Uses of Palladium
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Catalytic Converters~85% of demand — petrol engine emission control
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ElectronicsMulti-layer ceramic capacitors (MLCCs) in smartphones
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JewelryWhite gold alloy and high-end jewelry applications
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Hydrogen PurificationPalladium membranes for hydrogen gas separation
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Chemical CatalysisPharmaceutical and chemical manufacturing processes
What Factors Affect the Palladium Price?
Understanding key price drivers helps investors, traders and industry professionals make informed decisions.
Palladium is used exclusively in petrol (not diesel) catalytic converters. Global petrol car production is the single largest demand driver.
EVs require no catalytic converters. Accelerating EV adoption is the key long-term bearish structural factor for palladium demand.
Russia supplies ~40% of global palladium. Geopolitical sanctions and export policy directly impact supply availability and price volatility.
Automakers can substitute platinum for palladium in petrol catalysts. When palladium commands a premium, manufacturers accelerate this technical switch, capping price upside.
Like all precious metals, palladium is dollar-denominated. Dollar movements affect international pricing and demand.
Stricter emissions standards require greater catalyst loadings per vehicle. This partially offsets the demand reduction from declining ICE vehicle volumes.
Palladium Unit Conversion Guide
| From | To | Factor |
|---|---|---|
| 1 Troy Ounce | Gram (g) | × 31.1035 |
| 1 Troy Ounce | Kilogram (kg) | ÷ 32.1507 |
| 1 Gram | Troy Ounce | ÷ 31.1035 |
| 1 Kg | Troy Ounce | × 32.1507 |
Frequently Asked Questions — Palladium Price
Palladium peaked above $3,000/oz in 2022 driven by Russian supply sanctions fears. Prices corrected as: (1) supply disruption was less severe than expected, (2) EV adoption accelerated reducing long-term petrol catalyst demand, and (3) automakers began accelerating platinum substitution in catalytic converters.
EVs have zero exhaust emissions and require no catalytic converters. As EV market share grows globally, palladium's primary demand source faces structural long-term decline. This is the central bearish factor that has depressed palladium from its 2022 highs.
Yes, with engineering modifications. Automakers can substitute platinum for palladium in petrol catalysts. This becomes economically attractive when palladium trades at a significant premium to platinum. The substitution trend has been a factor in palladium's price correction.
Yes. Annual palladium production is approximately 200–220 tonnes compared to ~3,300 tonnes of gold. Palladium is one of the rarest stable elements, almost entirely concentrated in Russia and South Africa.
Daily, from LBMA/NYMEX data. May be delayed 15–20 minutes. For informational purposes only — not financial advice.
Palladium prices are indicative only, updated daily and may be delayed 15–20 minutes. For informational purposes only. Not financial advice. Always verify with your broker or exchange.
