Palladium Spot Price
- US Dollar
- Dow Jones
- S&P 500
- Crude Oil
Gold to Silver Ratio
Bitcoin Price Chart
Bitcoin was the world’s first cryptocurrency. This digital form of payment has become increasingly accepted by businesses around the world. View our bitcoin price chart to see the bitcoin price today and research historical bitcoin prices.
How Much Your Palladium is Worth
The live palladium spot price is often listed in U.S. dollars, which isn’t ideal for those living outside the United States. If you use another currency, the APMEX palladium price calculator is perfect for converting the spot price. Whether you use the British Pound, Canadian Dollar, or Euro, you can calculate the live palladium spot price in any of these currencies.
Convert your palladium from grains to grams to ounces and make sound investment decisions. Need to determine the value of .999 palladium? Our palladium calculator assists you in converting based on the unit of measurement, quantity, and purity to assist you with purchasing decisions or strategies.
Palladium Price FAQs
A common question investors ask is: what is palladium? Often confused with platinum, palladium is a different metal that falls under the Platinum Group of Metals and contains iridium, osmium, rhodium, and ruthenium. Palladium is used in many industrial processes and is often preferred over platinum because the palladium price can be about half that of platinum. Palladium’s spot price is defined by raw weight and numerous factors, including currency depreciation.
The palladium price generally refers to the spot price. Palladium is considered a commodity typically valued by raw weight, governed by many factors, including supply and demand, political and economic events, market conditions, and currency depreciation. However, the price of palladium could also refer to the total change of the daily spot price, as compared to the price at the beginning of the trading day.
Ready to invest in other precious metals? Find the live silver price and make informed investments.
The bid price is the current highest market offer to sell to a dealer. Customers can expect to receive the bid price when selling palladium to a dealer. The bid price for palladium also depends heavily on the supply and demand in the world market, which varies due to the palladium uses in industrial and technological sectors.
The spread is the difference calculated between the asking and bidding prices or the bid-ask spread. The dealer pays an asking price while the customer pays bidding price. The spread price is the profit the dealer makes on the palladium purchase.
Palladium and platinum prices are often looked at together to analyze the relative value of the two precious metals. If the ratio swings one way, one of the precious metals is typically considered overpriced while the other is underpriced. One of the reasons for a shift in the ratio could be that demand is up for one and not the other. The palladium to platinum price ratio could also be off because supply for one has become more scarce due to mining issues or production.
First, you need to decide what palladium products you will purchase because there are numerous types you can choose. When buying palladium bullion, you need to choose between palladium coins, rounds, and bars – whichever will fit the type of portfolio or collection you are wanting to build. Search for a respectable seller before purchasing any precious metals.
Lastly, research and decide on storage options for your palladium. Storing palladium with a trustworthy third party company, an example of such being Citadel, is an option or you can select a safe or lock box to protect your investments at home.
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 if the proceeds are kept with your reinvestment custodian or transferred to another IRA account. To qualify for an IRA, palladium must be a .9995 fine.
Investors often see palladium as one way to diversify portfolios and guard against economic downturn. By diversifying your IRA with other precious metals, you can further guard your portfolio. Follow the live price of gold and make informed investments.