Palladium Prices

Palladium prices averaged USD 1,181 per troy ounce in September, up 4.1% from August. On 30 September, the commodity traded at USD 1,235 per troy ounce, up 12.9% from 29 August.

Following a decline in August, palladium prices rose in September, albeit at the slowest pace among precious metals. The prospect of the U.S. and EU adopting tougher sanctions and tariffs on exports from Russia, the producer of nearly half of the world’s palladium supply, drove September’s rise in prices, while the Fed’s anticipated rate cut provided tailwinds to price gains via higher prospective demand for the precious metal.