Interactive chart of historical daily palladium prices back to 1987. The price shown is in U.S. Dollars per troy ounce.

Palladium rose to 1,125 USD/t.oz on July 2, 2025, up 0.72% from the previous day. Over the past month, Palladium's price has risen 11.77%, and is up 10.40% 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 July of 2025.

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.

The size of the Palladium Market was valued at USD 11.65 billion in 2023 and is projected to reach USD 15.85 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. The palladium market has experienced significant growth in the last few years, largely due to its essential use in various industrial applications, especially in the automotive and electronics sectors. Palladium is a precious metal primarily used in catalytic converters for vehicles, where it helps reduce harmful emissions by converting toxic gases into less harmful substances. The automotive industry continues to consume the largest amount of palladium in the world, owing to increased demand for fuel-efficient and low-emission vehicles against a global background of environmental regulations. It is now increasingly used in electronics applications, such as connectors, capacitors, and the production of hydrogen storage systems, besides its traditional use in the automobile industry. Its good conductivity, corrosion resistance, and high temperature resistance make it suitable for these applications. Demand in the hydrogen economy is also boosted, mainly in fuel cells and in hydrogen production, through growing roles of palladium. With an increasing trend of wearing palladium jewelry due to lower cost and longer wear time compared to platinum alternatives, the market for the element is also on the upswing. Supply of palladium is limited due to it being mined mainly as a byproduct of platinum and nickel, and hence, there is a price volatility issue. Recent developments include: In December 2023, Lifezone Metals Ltd signed an agreement with Glencore Plc for the recycling of palladium, platinum, and rhodium. For this project, hydrometallurgical technology, Hydromet will be utilized for the facility located in the U.S. Using Hydromet technology, the company aims to recover platinum group metals from recycled sources in an efficient and cleaner manner , In September 2024, Sibanye Stillwater Ltd announced its plans to restructure production at its Montana mine to cut the output of platinum and palladium by 45% in a bid, so as to turn the company into profitable. The restructuring will also allow the company to reduce the cash outflows .

Rhodium price data, historical values, forecasts, and news provided by Money Metals Exchange. Rhodium prices and trends updated regularly to provide accurate market insights.

Rhodium traded flat at 5,475 USD/t oz. on July 2, 2025. Over the past month, Rhodium's price has risen 2.82%, and is up 18.38% 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 July of 2025.

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.

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.