Palladium spot price
Market
Price per unit
LBMAOfficial benchmark
The LBMA is the London Bullion Market Association. Twice a day the major bullion banks settle on one official price, the fix. It's the number the physical bullion trade quotes against, so dealers set their premiums over it.
Published twice a day in London. The afternoon fix is the most recent.
Current fix set June 26, 2026, 2:00 p.m. London time
Gold-to-Palladium ratio
How many ounces of palladium one ounce of gold buys at live spot. Stackers watch the gold-to-silver version to judge which metal is the better value right now.
Melt value calculator
The raw metal value of an item at the live spot price. Pick the metal, its purity, and the weight.
This is just the metal value. To check if the price you're paying for a palladium coin or bar is a deal, use the Quick Check calculator.
Is a specific palladium coin or bar a fair price?
Spot is the raw metal. palladium coins and bars always sell a bit above it, and a normal premium is not overpaying. To judge a real listing, use Quick Check, our palladium price calculator. It compares the all-in price against typical dealer retail, so you see whether it is a deal.
Open the palladium price calculatorLive market data. LBMA figures are the official daily benchmark.
What moves the Palladium price
Palladium lives and dies by gasoline cars. Almost all of it goes into catalytic converters for petrol engines, so its price swings with auto production and with tighter emissions rules that call for more metal per vehicle. Supply is concentrated in Russia and South Africa, so trouble in either place can spike it. That narrow demand cuts both ways: when buyers switch to platinum where they can, or when electric cars (which need no converter) take share, palladium can fall hard. It's the most volatile of the four, a small market pulled by one industry.
Common questions
What is the spot price?
Spot is the live price of one troy ounce of the pure metal, the baseline the whole market quotes against. It's the raw metal value, before any coin or bar premium. Our price updates through the day in the currency you pick.
What is the LBMA fix?
The LBMA (London Bullion Market Association) sets an official benchmark price twice a day, in the morning and the afternoon. The major bullion banks settle on one number, and the physical metal trade quotes against it. It's the most authoritative reference price for bullion.
Why does a coin or bar cost more than spot?
Spot is the raw metal only. Coins and bars always sell a bit above it to cover minting, distribution, and the dealer's margin. That extra is the premium, and a normal premium is not overpaying. To judge a real listing, check the all-in price against typical dealer retail.
What is a troy ounce?
A troy ounce is the standard unit for precious metals. It weighs about 31.1 grams, which is roughly 10 percent more than the regular (kitchen) ounce of 28.35 grams. Always price bullion in troy ounces, not regular ounces.
What is a pennyweight?
A pennyweight (dwt) is one twentieth of a troy ounce, about 1.555 grams. Jewelry and scrap-gold dealers often quote prices per pennyweight, so it's handy when comparing what a buyer is offering for jewelry.
Buying Palladium at auction?
Spot moves every day. Bookmark this page and check back any time.