What is the Palladium Spot Price?
The spot price of Palladium is the current price marketplace at which you can buy or sell a raw ounce of Palladium. Keep in mind that the actual price you will pay for any Palladium product is the spot price plus a premium, which is added by all dealers to cover their overhead. The spot price is always changing, which means it is imperative investors stay up to date on current events, market conditions and other performance indicators.
Palladium prices are quoted in ounces but can easily be converted into grams or kilos, depending on the quantity you want to buy or sell.
+ $2.60 ^
|Palladium Price Per Ounce||$1,454.20||$2.60|
|Palladium Price Per Gram||$46.75||$0.08|
|Palladium Price Per Kilo||$46,753.58||$83.59|
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Palladium Price Recent News
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Palladium Price FAQs
A common question asked by Precious Metal buyers is: what is Palladium? Often confused with Platinum, Palladium is a distinct metal, although it is part of the Platinum Group Metals, which includes 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.
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
The Bid price 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.
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, as long as the proceeds are kept with your reinvestment custodian or transferred to another IRA account. To qualify for an IRA, Palladium must be .9995 fine. Investors often see Palladium as one way to diversify portfolios and guard against economic downturn.
The Ask 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.
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 usually 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-Platinum price ratio could also be off because supply for one has become scarcer due to mining issues or production.
The Spread is the difference between the Ask price of Palladium and the Bid 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.