This static page does not publish a current palladium quote. Use it to interpret a dated market value from a source you select. Record the currency, troy-ounce unit, price type, timestamp and source. Start with the static price-source directory.
What does a palladium price mean?
A palladium headline usually states currency per troy ounce, but the label can conceal important differences. It might be a dealer's bid or ask, an indicative market midpoint, a benchmark formed at a specific time, or a futures contract for a delivery month. These are related references, not interchangeable promises to transact.
| Field | Question to ask | Why it matters |
|---|---|---|
| Instrument | Physical reference, benchmark or futures contract? | Delivery date and terms can differ |
| Price side | Bid, ask, last trade, settlement or midpoint? | Bid and ask define a spread |
| Unit | Troy ounce, gram or kilogram? | Ordinary ounces are lighter than troy ounces |
| Time | What date, time, timezone and delay? | Palladium can move before a delayed page updates |
| Currency | Which currency and conversion method? | Exchange-rate movement changes local values |
Palladium price conversion formulas
Let P represent a price per troy ounce. Convert the mass unit as follows without changing the quote's currency or market basis:
| Wanted unit | Formula | Relationship |
|---|---|---|
| Per gram | P ÷ 31.1034768 | 1 troy oz = 31.1034768 g |
| Per kilogram | P × 32.1507466 | 1 kg is about 32.1507466 troy oz |
| Per pennyweight | P ÷ 20 | 20 dwt = 1 troy oz |
| Per grain | P ÷ 480 | 480 grains = 1 troy oz |
| Per ordinary ounce | P × 0.9114583333 | 1 ordinary oz = 28.349523125 g |
A per-gram value can be converted back by multiplying by 31.1034768. Keep more decimal places during the calculation and round only the final result.
Check the ounce. A troy ounce contains 31.1034768 grams; an ordinary avoirdupois ounce contains 28.349523125 grams. Palladium market quotations use troy ounces unless a source explicitly states otherwise.
Hypothetical palladium conversion
At an illustrative reference of $1,000 per troy ounce, palladium would equal about $32.15 per gram, $50.00 per pennyweight and $32,150.75 per kilogram. The $1,000 input is not a current quote.
Cash references and futures prices
A cash or spot-oriented reference concerns near-term metal under stated market conventions. A futures price belongs to a contract month and includes standardized delivery provisions. Inventory availability, financing and expectations can make the futures curve higher or lower in later months. Use the same instrument when measuring a price change over time.
Palladium bar, coin and jewelry prices
Retail bullion prices normally add product fabrication, authentication, distribution, inventory and seller margin to a wholesale reference. Dealer buyback prices account for testing, resale risk and margin. Product recognition, size, condition and local market depth can change the spread.
Jewelry may be priced for design and workmanship rather than metal alone. When it is sold as scrap, gemstones and non-palladium parts must be excluded, and the buyer may test fineness before calculating payable metal.
Palladium recycling prices
Industrial recycling is generally based on recoverable payable metal, not simply gross weight. Settlement can involve sampling, assay, refining recovery, treatment charges, metal account terms and a pricing period. Catalog-based converter buyers may instead quote an identified part number based on their recovery data.
For a transparent comparison, request:
- the identified material or part and accepted lot weight;
- the assay or catalog basis for palladium and other payable metals;
- the market price source and pricing date or averaging period;
- recovery or payable percentages;
- treatment, assay, freight and other charges;
- the final settlement date and payment terms.
What moves palladium prices?
Vehicle production and catalyst requirements are important demand variables. Substitution among platinum-group metals, mine disruptions, recycled supply, inventory availability and shifts in engine technology can change the balance. Currency, rates and investor positioning can amplify or offset these physical-market factors.
Palladium-to-platinum ratio
Palladium-to-platinum ratio = palladium price per troy oz ÷ platinum price per troy ozUse the same currency, timestamp and price type for both metals. The result describes relative price only. It does not capture technical substitution costs, recovery differences or predict which metal will rise or fall.
Calculate percentage price change
Percentage change = ((new price - old price) ÷ old price) × 100Both observations should come from a consistent series. Do not compare one source's ask with another source's bid and call the difference a market move.
Palladium price questions
How do I find palladium price per gram?
Divide the price per troy ounce by 31.1034768. Then multiply by the fine palladium grams, not by gross item weight unless the material is 100% palladium.
Does a Pd950 mark mean 95% palladium?
As a fineness expression, 950 means 950 parts per thousand, or 95%. The mark still needs authentication and interpretation under the applicable hallmarking system.
Why can palladium bid and ask be far apart?
Spreads reflect liquidity, size, inventory, market risk and dealer costs. Retail physical spreads can differ substantially from wholesale screen spreads.
Can I calculate catalytic-converter value with a price per ounce?
Only after recoverable palladium and other payable metals are known through legitimate part data, sampling or assay. Converter gross weight is not fine-metal weight.