Palladium fell to 1,070 USD/t.oz on June 24, 2025, down 0.56% from the previous day. Over the past month, Palladium's price has risen 8.57%, and is up 15.61% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium - values, historical data, forecasts and news - updated on June of 2025.

As of June 20, 2024, palladium futures contracts to be settled in March 2027 were trading on U.S. markets at just over 1,000 U.S. dollars per troy ounce. This is slightly lower than the price for contracts to be settled in March 2024. Palladium futures are contracts that effectively lock in a price for an amount of palladium to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

Japan Commodity Futures: Volume: Total: Palladium data was reported at 2,954.000 Lot in Jun 2018. This records an increase from the previous number of 2,210.000 Lot for May 2018. Japan Commodity Futures: Volume: Total: Palladium data is updated monthly, averaging 8,645.500 Lot from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 511,371.000 Lot in Jan 2000 and a record low of 1,664.000 Lot in Oct 2016. Japan Commodity Futures: Volume: Total: Palladium data remains active status in CEIC and is reported by The Tokyo Commodity Exchange. The data is categorized under Global Database’s Japan – Table JP.Z017: Commodity Futures.

As of 2024, the average closing price of palladium was *** U.S. dollars per troy ounce. Furthermore, palladium prices had an average price of just *** U.S. dollars per troy ounce based on the first three months of 2025. Palladium is a precious metal commodity that is used in jewelry and automotive manufacturing.

Germany Commodity Price: Precious Metals: Palladium data was reported at 957.534 USD/Troy oz in 13 May 2025. This records an increase from the previous number of 946.629 USD/Troy oz for 12 May 2025. Germany Commodity Price: Precious Metals: Palladium data is updated daily, averaging 986.372 USD/Troy oz from Jan 2013 (Median) to 13 May 2025, with 3133 observations. The data reached an all-time high of 3,187.967 USD/Troy oz in 08 Mar 2022 and a record low of 473.056 USD/Troy oz in 12 Jan 2016. Germany Commodity Price: Precious Metals: Palladium data remains active status in CEIC and is reported by Deutsche Börse Group. The data is categorized under Global Database’s Germany – Table DE.P001: Commodity Prices. [COVID-19-IMPACT]

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 U.S. dollars.

Precious metals

Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At 8,100 tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank.

Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some five million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals.

In 2023, Silver prices are expected to settle at around 23.5 U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Japan Commodity Futures: Value: Average: Palladium data was reported at 0.262 JPY bn in Oct 2018. This records an increase from the previous number of 0.231 JPY bn for Sep 2018. Japan Commodity Futures: Value: Average: Palladium data is updated monthly, averaging 0.291 JPY bn from May 2004 (Median) to Oct 2018, with 174 observations. The data reached an all-time high of 11.030 JPY bn in Feb 2008 and a record low of 0.078 JPY bn in Jun 2016. Japan Commodity Futures: Value: Average: Palladium data remains active status in CEIC and is reported by The Tokyo Commodity Exchange. The data is categorized under Global Database’s Japan – Table JP.Z017: Commodity Futures.

Of all the precious metals, silver had by far the largest mine production volume, having amounted to an estimated 25,000 metric tons worldwide in 2024. Gold had the second-largest mine production volume worldwide out of the precious metals at that time, amounting to an estimated 3,300 metric tons. The platinum group metals platinum and palladium had considerably smaller production volumes in comparison.

Commodity Futures: Volume: Average: Palladium data was reported at 141.000 Lot in Jun 2018. This records an increase from the previous number of 105.000 Lot for May 2018. Commodity Futures: Volume: Average: Palladium data is updated monthly, averaging 423.000 Lot from Jan 2000 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 26,914.000 Lot in Jan 2000 and a record low of 83.000 Lot in Oct 2016. Commodity Futures: Volume: Average: Palladium data remains active status in CEIC and is reported by The Tokyo Commodity Exchange. The data is categorized under Global Database’s Japan – Table JP.Z017: Commodity Futures.

Rhodium traded flat at 5,425 USD/t oz. on June 24, 2025. Over the past month, Rhodium's price has risen 1.88%, and is up 14.81% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on June of 2025.

Japan Commodity Futures: Value: Total: Palladium data was reported at 4.969 JPY bn in Jun 2018. This records an increase from the previous number of 3.702 JPY bn for May 2018. Japan Commodity Futures: Value: Total: Palladium data is updated monthly, averaging 6.048 JPY bn from May 2004 (Median) to Jun 2018, with 170 observations. The data reached an all-time high of 220.607 JPY bn in Feb 2008 and a record low of 1.687 JPY bn in Jan 2009. Japan Commodity Futures: Value: Total: Palladium data remains active status in CEIC and is reported by The Tokyo Commodity Exchange. The data is categorized under Global Database’s Japan – Table JP.Z017: Commodity Futures.

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Precious Metals Market Size 2025-2029

The precious metals market size is forecast to increase by USD 105.3 billion at a CAGR of 6.4% between 2024 and 2029.

Precious metals, including platinum, palladium, gold, and silver, continue to be sought-after commodities in various industries, from consumer electronics and jewelry to renewable energy and wealth management. The market for precious metals is driven by their unique properties, such as high conductivity, resistance to corrosion, and use as catalysts in various applications. Composite materials incorporating precious metals, like tellurium in solar panels and beacon materials in semiconductors, are gaining popularity due to their enhanced performance. Moreover, the growing focus on Environmental, Social, and Governance (ESG) factors is influencing the market, with consumers and investors increasingly demanding responsible sourcing and ethical mining practices.
Platinum, for instance, is extensively used in catalytic converters In the automotive industry to reduce emissions, making it a critical component In the transition to cleaner transportation. In the realm of consumer electronics, precious metals are essential for the production of high-performance computer components, such as memory chips and connectors. Renewable energy technologies, like solar panels and fuel cells, also rely on precious metals for their efficient operation. Exchange-Traded Funds (ETFs) offer investors a cost-effective way to gain exposure to the markets, making them an attractive investment option during economic uncertainty. However, challenges persist, such as the environmental impact of mining and extraction processes, geopolitical risks, and supply chain disruptions.
Addressing these challenges through sustainable mining practices, technological innovations, and strategic partnerships will be crucial for the continued growth of the market.

What will be the Size of the Precious Metals Market during the forecast period?

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The market encompasses gold, silver, platinum, and palladium, each with distinct roles in various industries. Gold, a traditional safe-haven asset, maintains demand for jewelry and as a store of value. Silver, with applications in jewelry, electronics, solar panels, and electric vehicles, exhibits price volatility due to its diverse usage. Platinum and palladium, collectively known as platinum group metals, are essential components in catalytic converters, electronics, and renewable energy technologies. The market size is substantial, driven by increasing demand from the electrical and electronics sector, solar panel manufacturers, and the jewelry industry. Environmental concerns and regulations, such as those related to carbon emissions and environmental pollution, further influence market dynamics.
The Silver Institute and World Gold Council serve as key sources of industry insights and research.

How is this Precious Metals Industry segmented?

The precious metals industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Gold
  Silver
  Platinum


Application

  Industrial
  Jewelry
  Investment


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa

    Brazil


  South America

By Type Insights

The gold segment is estimated to witness significant growth during the forecast period. Precious metals, including gold, silver, platinum, and palladium, held significant market value in 2024. Gold, in particular, led the segment due to its enduring appeal as a safe-haven asset and store of value. Central banks, such as the US Federal Reserve and the Bank of Germany, continue to accumulate gold reserves, while investors seek refuge during economic uncertainty. Gold's unique properties, like malleability and conductivity, make it indispensable in various industries, including electronics, dentistry, and jewelry. The rise of gold exchange-traded funds (ETFs) has boosted investor accessibility, creating liquidity and demand. Despite price fluctuations, gold's importance remains undeniable, serving as a standard for stability and asset preservation amidst global financial volatility.

Silver, platinum, and palladium also hold importance in diverse applications, such as jewelry, electronics, solar panels, electric vehicles, and catalytic converters. The market is influenced by geopolitical tensions, inflation concerns, currency fluctuations, and environmental impact, including climate change and renewable energy sources. The industry adheres to circular economy principles, sustainability, and brand reputation, offering eco-friendly products and complying wit

India Imports: USD: HS: 71102900: Palladium In Other Form data was reported at 28.710 USD mn in 2018. This records an increase from the previous number of 14.080 USD mn for 2017. India Imports: USD: HS: 71102900: Palladium In Other Form data is updated yearly, averaging 4.115 USD mn from Mar 1997 (Median) to 2018, with 22 observations. The data reached an all-time high of 46.340 USD mn in 2015 and a record low of 0.040 USD mn in 1997. India Imports: USD: HS: 71102900: Palladium In Other Form data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Foreign Trade – Table IN.JCV005: Foreign Trade: Harmonized System 8 Digits: By Commodity: HS71: Pearls, Stones, Precious Metals, Imitation Jewellery: Imports: USD.

Rhodium is a precious metal that removes pollutants from vehicle exhaust fumes. In February 2020, the price of rhodium was 11,665 U.S. dollars per troy ounce. By May 2020, the price decreased to below 8,000 U.S. dollars per ounce. In April 2021, the price rose to a new high of 28,775 U.S dollars, before decreasing throughout 2022 and early 2023. By December 2024, the average price significantly decreased, reaching around 4,575 U.S. dollars per troy ounce. In comparison, the price for an ounce of rhodium was approximately 5,905 U.S. dollars in August 2022. The rarest metal: Rhodium Rhodium is a rare and precious metal that belongs to the platinum group metals (PGMs), along with platinum, palladium, osmium, iridium, and ruthenium. Due to its scarcity, it is one of the most valuable metals in the world, often exceeding the price of gold. Rhodium is extensively used in the automotive industry to manufacture catalytic converters that reduce harmful emissions. Over the last few years, even with a steady supply, Rhodium demand has risen significantly, exceeding supply due to stricter emission regulations and advancements in the automobile industry. The significance of PGMs in South Africa South Africa is rich in various natural resources, such as metals and minerals. For example, almost all of the total global reserves of PGMs are in South Africa. In 2023, PGMs generated the highest revenue share in the South African mining sector compared to other commodities, amounting to 370 billion rands.

The purpose of this dataset is to provide quantitative analysis on specific commodities, offering insights into: The total amount of specific commodities, e.g., Gold, in Yukon's hard rock deposits.The highest-grade and largest deposits in Yukon.The distribution of mineral resources within multiple zones in a deposit.Source reports, direct links, and confidence levels for each mineral resource statement.Differentiation between 43-101, JORC, and historical estimates.The resources in this dataset have been summarized and averaged to show the total geologic resource for a property or zone. For the exact numbers, please refer to the NI 43-101 compliant resource statement. FieldDescriptionPropertyProperty for which deposit resource was calculated.ZoneZone for which deposit resource was calculated.43-101 CompliantIf the resource calculation is NI 43-101 compliant, JORC compliant, or historic.CommoditiesThe types of commodities contained in the resource calculation, order is alphabetic.CategoriesThe resource categories used to create the calculation. This indicates the level of certainty of the calculation.Resource / ReserveIf the resource calculation is considered to be a reserve or resource. A reserve factors economic factors an extractability of the deposit into account.TonnageThe total tonnage of the depositAVG_AU_GTThe average grade of gold in the deposit, in grams per metric tonne.TOTAL_AU_OZThe total contained gold, in troy ounces.AVG_AG_GTThe average grade of silver in the deposit, in grams per metric tonne.TOTAL_AG_OZThe total contained silver, in troy ounces.AVG_CU_PCTThe average grade of copper in the deposit, in percentage.TOTAL_CU_LBSThe total contained gold, in pounds.AVG_MO_PCTThe average grade of molybdenum in the deposit, in percentage.TOTAL_MO_LBSThe total contained molybdenum, in pounds.AVG_PB_PCTThe average grade of lead in the deposit, in percentage.TOTAL_PB_LBSThe total contained lead, in pounds.AVG_ZN_PCTThe average grade of zinc in the deposit, in percentage.TOTAL_ZN_LBSThe total contained zinc, in poundsAVG_NI_PCTThe average grade of nickel in the deposit, in percentage.TOTAL_NI_LBSThe total contained nickel, in pounds.AVG_CO_PCTThe average grade of cobalt in the deposit, in percentage.TOTAL_CO_LBSThe total contained cobalt, in pounds.AVG_WO3_PCTThe average grade of tungsten trioxide in the deposit, in percentage.TOTAL_WO3_LBSThe total contained tungsten trioxide, in pounds.AVG_SN_PCTThe average grade of tin in the deposit, in percentage.TOTAL_SN_LBSThe total contained tin, in pounds.AVG_SB_PCTThe average grade of antimony in the deposit, in percentage.TOTAL_SB_LBSThe total contained antimony, in pounds.AVG_FE_PCTThe average grade of iron in the deposit, in percentage.TOTAL_FE_LBSThe total contained iron, in pounds.AVG_PT_GTThe average grade of platinum in the deposit, in grams per metric tonne.TOTAL_PT_OZThe total contained platinum, in troy ounces.AVG_PD_GTThe average grade of palladium in the deposit, in grams per metric tonne.TOTAL_PD_OZThe total contained palladium, in troy ounces.AVG_BASO4_PCTThe average grade of barium sulphate in the deposit, in percentage.TOTAL_BASO4_TONNESThe total contained barium sulphate, in pounds.REFERENCE_DATEThe date of the resource calculation. URLThe link to the report or graphic containing the resource calculation.LATITUDE_DDY-Location, geographic center of zones.LONGITUDE_DDX-Location, geographic center of zones.Distributed from GeoYukon by the Government of Yukon. Discover more digital map data and interactive maps from Yukon’s digital map data collection. For more information: geomatics.help@yukon.ca

United States Exports: Palladium, Unwrought or In Powder Form data was reported at 175.788 USD mn in Jan 2025. This records an increase from the previous number of 165.177 USD mn for Dec 2024. United States Exports: Palladium, Unwrought or In Powder Form data is updated monthly, averaging 66.310 USD mn from Jan 2002 (Median) to Jan 2025, with 277 observations. The data reached an all-time high of 624.501 USD mn in May 2021 and a record low of 11.931 USD mn in Aug 2004. United States Exports: Palladium, Unwrought or In Powder Form data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA025: Exports: by Commodity: 6 Digit HS Code: HS 52 to 71.

Russia's share in global commodity markets is significant for energy sources, precious metals, and agricultural goods. As of 2020, the country supplied almost 40 percent of palladium worldwide, used primarily to generate energy, in jewelry, and in electronic devices. Therefore, sanctions and counter-sanctions as a result of the Russia-Ukraine war could disrupt the commodity markets.

In 2021, around 1.96 billion British pounds worth of unwrought or partly worked platinum was imported to the United Kingdom, representing an increase when compared to the previous year. The import value of palladium stood at 3.8 billion British pounds in 2021.

United States Imports: cif: Palladium, Unwrought or in Powder Form data was reported at 242.209 USD mn in Feb 2025. This records an increase from the previous number of 218.510 USD mn for Jan 2025. United States Imports: cif: Palladium, Unwrought or in Powder Form data is updated monthly, averaging 122.262 USD mn from Jan 2002 (Median) to Feb 2025, with 278 observations. The data reached an all-time high of 531.794 USD mn in Feb 2021 and a record low of 17.679 USD mn in Jun 2009. United States Imports: cif: Palladium, Unwrought or in Powder Form data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA134: Imports: by Commodity: 6 Digit HS Code: HS 66 to 78.

United States Imports: Palladium, Semimanufactured data was reported at 18.940 USD mn in Jan 2025. This records an increase from the previous number of 10.494 USD mn for Dec 2024. United States Imports: Palladium, Semimanufactured data is updated monthly, averaging 17.862 USD mn from Jan 2002 (Median) to Jan 2025, with 277 observations. The data reached an all-time high of 168.284 USD mn in Apr 2021 and a record low of 1.317 USD mn in May 2008. United States Imports: Palladium, Semimanufactured data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA134: Imports: by Commodity: 6 Digit HS Code: HS 66 to 78.