Palladium prices averaged USD 1,421 per troy ounce in October, up 20.4% from September. On 31 October, the commodity traded at USD 1,465 per troy ounce, up 18.6% from 30 September.
Following a short-lived decline in August, palladium prices have resumed this year’s upward trend. In October, prices rose at the fastest pace among precious metals, spurred by looming U.S. import tariffs and strong demand for safe-haven metals amid heightened political and economic uncertainty. Still, as observed for other precious metals, momentum softened and prices faltered in the second half of the month as the dollar strengthened and investors evaluated the new U.S.-China trade deal.
This chart displays Palladium (US$/toz) from 2023 to 2025.
Palladium LME (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Palladium LME | - | - | - | 1,093 | 980 | 973 | 970 | 1,011 | 960 | 990 | 1,172 | - |