Frequently Asked Questions — Palladium Price in UK
What is palladium used for?+
Over 80% of palladium demand comes from catalytic converters in petrol/gasoline vehicles, where it oxidises carbon monoxide and hydrocarbons into less harmful emissions. Palladium is also used in electronics (multi-layer ceramic capacitors), dentistry (dental alloys) and jewellery (white gold alloys). Russia and South Africa together produce over 75% of global palladium supply, making prices sensitive to geopolitical disruptions.
Why did palladium price fall from its peak?+
Palladium surged to $3,400/oz in 2022 but has since declined due to: (1) Platinum substitution in petrol catalytic converters by automakers, (2) Slower global car sales, (3) Increased recycling of old catalytic converters adding to supply, (4) EV adoption reducing long-term gasoline engine demand. Russia's continued palladium exports despite sanctions also kept supply stable.
About Palladium Price in UK — Pd999
This page tracks the live Palladium price in United Kingdom per gram in GBP, updated every 60 seconds from the international spot market. UK precious metal prices are benchmarked to the LBMA Gold Price, set twice daily in London. Prices in British Pounds Sterling. VAT is exempt on investment gold in the UK.
Live palladium price today per gram in INR, USD and 10 currencies. Updated every 60 seconds. Use the free calculator above to convert any weight of Palladium to GBP. The price chart shows the last 10 days of Palladium spot price movement.