Palladium Price Basics
I've heard of Palladium but what is it?
Often confused with Platinum, Palladium is a distinct metal, although it is part of the Platinum group metal, which also includes iridium, osmium, rhodium and ruthenium. Like Platinum, Palladium is used in many industrial processes, especially as a catalyst. Palladium is also used with Gold for a white Gold alloy, a key component of jewelry. Palladium is often preferred over Platinum because the Palladium price can be about half that of Platinum as you will see as you check out our price chart for each Precious Metal.
Where is Palladium mined?
More than 40 percent of Palladium is mined in South Africa, with another 44 percent coming from Russian Norilsk nickel mines. The rest comes mostly from the U.S. and Canada. Palladium tends to be more abundant than Gold, which helps ensure the price of Palladium is much lower than Gold Precious Metal prices. You can buy Palladium bars or Palladium coins to start or add to your collection.
I see the "spot price" for Palladium – what does that mean?
The price of Palladium on our price chart reflects the price per one troy ounce of Palladium in its unfabricated state. The spot price is a snapshot in time, as Precious Metal prices are constantly changing as the metals are traded almost 24/7 around the globe. The spot price is the base Palladium price and is always in U.S. dollars unless it has been converted to local currency. No one can actually buy the Precious Metal at the spot Palladium price per ounce. All buyers pay a premium price, which reflects the spot price plus costs of fabrication, distribution, a nominal dealer fee and any numismatic or collector value. The spot Palladium bullion prices vary based on supply and demand and other geopolitical factors.
Why are Palladium spot prices important?
When you know the Palladium spot price, you can make an informed decision about investing in the Palladium price per ounce. Look at our Palladium price chart and see for yourself how Palladium trends over time. From this, you can make your decision. It is basic economics: As Palladium Precious Metals prices go up, it might be time to sell. As the price of Palladium goes down, it could be the right moment to buy. Some favorite Palladium investments include APMEX 1 oz Palladium bars and Canadian 1 oz Palladium Maple Leafs.
What is the lowest price of Palladium in the past 5 years?
Looking at the Palladium price history, you will see the metal spot prices hit their lowest point in the past five years on Dec. 2, 2015 at 12:30 p.m. (CT) when the Palladium spot price was at $529.10 USD per troy ounce. You can check out the price trends of Platinum, Silver and Gold, too.
What is the highest Palladium price per ounce in the past 5 years?
The price per ounce of Palladium was the highest in the past five on Sept. 1, 2014 at 12:30 p.m. (CT), when the Precious Metal spot price was $907.80 USD per troy ounce. You can check out the price trends of Platinum, Silver and Gold, too.
What is the lowest Palladium spot price per ounce in the past 10 years?
In the last 10 years of the Palladium price history, the Palladium price was lowest on Dec. 5, 2008 at 12:30 p.m. (CT), when the troy ounce Palladium spot price was $164.00 USD. You can check out the price trends of Platinum, Silver and Gold, too.
What is the highest troy ounce Palladium price in the past 10 years?
In the past 10 years, the ounce of Palladium price was highest on Sept. 1, 2014 at 12:30 p.m. (CT), when the Palladium Precious Metals price registered at $907.80 USD per troy ounce. You can check out the price trends of Platinum, Silver and Gold, too.
Does the price of Palladium vary from country to country? Can I buy Palladium at any time of day?
You can buy Palladium around the clock and around the world with the same Palladium price at any one moment in time. The price of Palladium is based on the per ounce price in U.S. dollars. Because Palladium is the same price worldwide, it prevents arbitrage – when traders simultaneously buy and sell Palladium or other Precious Metals in different markets to take advantage of differentials in prices.
When you look at the price chart, typically the number quoted is the price of Palladium per troy ounce in U.S. dollars. The price of Palladium today can be converted to local currencies, and prices quoted on some sites are by gram or kilogram. As a result, it is important to be aware of how the price of Precious Metals is being listed. Once you understand how the price of Precious Metals like Palladium is determined, you will want to check out favorite Palladium coins like Canadian 1 oz Palladium Maple Leafs or Palladium bars like Valcambi Suisse 1 gram Palladium Bars or PAMP Suisse 1 oz Palladium Bars.
Is the Palladium spot price per ounce in U.S. currency?
Typically, Palladium spot metal prices will be quoted in U.S. dollars (USD), but the spot metal prices can be converted to local currency rates. Also, spot prices are usually per 1 troy ounce of Palladium. Again, these spot Precious Metal prices can be converted to grams or kilograms so it is important to be aware of how the metal spot prices are being quoted. No matter how the spot price is listed, the price is based on Palladium being traded in U.S. dollars.
Why is the Palladium price I pay a premium price? Why can't I pay the Palladium spot price?
The spot metal prices quoted on Palladium price charts are for unfabricated Palladium. No one can buy the Precious Metal at spot price. The premium Palladium price you pay includes costs for fabrication, distribution, a nominal dealer fee and numismatic or collector value, if applicable. Favorite Palladium selections include APMEX 1 oz Palladium bars, Valcambi Suisse 1 gram Palladium bars and Canadian 1 oz Palladium Maple Leafs.
When I consider Palladium bullion prices, what is the difference between an ounce and a troy ounce?
An ounce in Precious Metal prices is not the same as what we typically think of as an ounce. When Americans refer to ounces, they generally are referring to avoirdupois ounces. The Palladium price and other Precious Metals prices are determined using troy ounces, which are equal to 1.09711 avoirdupois ounces. In addition, a pound equals 12 troy ounces when you are paying for Precious Metals like Palladium. One troy ounce, like these PAMP Suisse 1 oz Palladium bars, equals 31.1035 grams or 480 grains. It is easy to determine the Palladium current Precious Metal prices when you know these equivalences, no matter what measurement is used.
What is the Bid Palladium price per ounce?
The Bid Palladium price per ounce today is the current highest market offer to sell to a dealer. Consumers can expect to receive the bid price when selling Palladium to a dealer.
What is the Ask Price of Palladium per ounce?
The Ask current Palladium price per ounce is the current minimum price for a dealer to sell in the market. Dealers will offer to sell Palladium to you for the ask price.
What does the Spread mean for Palladium metal prices?
The Spread is the difference between the Ask price of Palladium and the Buy Palladium Precious Metal price. Also referred to as the bid-ask spread, the spread represents the dealer's profit. The dealer pays you the Ask Palladium Precious Metals prices when you resell Palladium, while you will pay the Bid Palladium Precious Metal prices when you buy from the dealer.
Investing in Palladium Precious Metal Prices
Why should I invest in current Precious Metal prices for Palladium?
Investing in Precious Metals prices can help balance your investment portfolio as Precious Metals often hold value when other investments, including the U.S. dollar, falter. Palladium is a versatile Precious Metal that has many industrial uses, increasing demand and Precious Metal prices for Palladium. In addition, no matter where you travel, the Palladium price and value remain the same because Palladium, like other Precious Metals, is traded in U.S. dollars, even though it may be converted into local currencies. This means Palladium has an intrinsic value based on supply and demand and is not necessarily dependent on other investments. When you buy the Palladium price per ounce, you also have a tangible asset that is an easy way to pass on wealth to future generations. They will appreciate the Palladium value, whether you pass along Palladium bars like APMEX 1 oz Palladium bars, Valcambi Suisse 1 gram Palladium bars or Palladium coins like Canadian 1 oz Palladium Maple Leafs. So browse the Palladium price chart to decide what investments are best for your portfolio.
How do I safely invest in the Palladium price per ounce for my retirement?
Don't believe anyone who says any investment is 100% safe. There are certainly safer investments, and many see Precious Metal prices and believe they are a good investment. From our spot prices charts, you can see how Precious Metals prices change over time and also find the current price of Precious Metals. Many see paying the Palladium price per ounce today as a way to save for tomorrow and guard against other investments faltering. Often, Palladium and other Precious Metal prices gain value as the U.S. dollar and other investments lose value. Many investors like to use dollar cost averaging when investing so they divide the total sum invested into equal parts – including investments in Palladium metal prices. This conservative method of buying at current Precious Metals prices allows for flexibility as the market shifts. You can also check out our article about the factors that affect Palladium prices.
I paid the Palladium bars and coins prices and now I am wondering how to safely store these Precious Metals.
Try our secure storage with Citadel Global Services, Inc., a wholly-owned APMEX subsidiary that provides maximum security. After paying the current price per ounce for Palladium and other Precious Metals, you will want a secure place to store your investments. Citadel is that place. It is the ideal security solution to store valuables after you pay the current Palladium metal prices. The facility is managed by security leader Brink's for the best way to protect the Palladium bar and coin value of your collection. The price to use this facility is very affordable, which is an important thing after paying Palladium bars and coins prices. Choose Palladium bars and Palladium coins and keep them safe with storage at Citadel.
Can I use Precious Metals IRAs for Palladium investments?
Many use a Precious Metals IRA to enhance their investment portfolios. As a Self-Directed IRA, your Precious Metals IRA provides tax-deferred status for any profits on your Palladium investment (the Precious Metals prices you paid when you first bought it vs. the price of Palladium today) as long as the proceeds are kept with your reinvestment custodian or transferred to another IRA account. This is the rule for regular IRAs, too. To qualify for an IRA, Palladium must be .9995 fine. Further diversify your portfolio and start or add to a Precious Metals IRA with Palladium World Coins or Palladium Bars & Rounds. Investors often see these Palladium purchases as one way to diversify portfolios and guard against economic downturn.
Do I have to pay sales taxes on top of the price of Palladium?
When you pay Precious Metals prices online, some dealers will charge sales tax. After finding the Palladium coins and Palladium bars you want to buy, check the dealer's sales tax policy. Online, you typically only pay sales tax on the Palladium Precious Metal prices if you live in the state of the seller and that state collects tax. APMEX does not collect any tax. You should consult your tax advisor for specific taxation advice in your jurisdiction. State taxes may be applicable.
If I buy over $10,000 in Palladium, does the government monitor the sale?
Unlike cash transfers, if you buy more than $10,000 worth of Palladium, the government will not track the purchases. After determining the price of Palladium, don't worry if you go over $10,000, as you won’t have to worry about any government reporting. Some favorite purchases include APMEX 1 oz Palladium bars, Valcambi Suisse 1 gram Palladium bars and Canadian 1 oz Palladium Maple Leafs.