Palladium Prices

Palladium prices averaged USD 1,105 per troy ounce in October, down 15.6% from September. On 30 October, the commodity traded at USD 975 per troy ounce, down 20.2% from 30 September.

Average palladium prices fell again in October, clocking the steepest losses among the precious metals complex for a second consecutive month. A stronger USD, expectations of another Fed hike by year-end and concerns over slowing global growth weighed on the metal, the latter given its industrial exposure. Concerns over softer automotive demand and continued substitution by platinum added to the pressure, alongside steady supply and persistent investment outflows.