Palladium Price Continued to Fall Over the Last Four Days
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Palladium transaction prices fell on Friday, 23 October 2026. Today's palladium trading price was recorded at US$1046.6 per troy ounce. This figure is lower than the previous trading day which stood at US$1051.6 per troy ounce. This current condition marks palladium price movements being on a declining trend for four consecutive days.
Over the past week, palladium price movement recorded a -3.73% change, with an average daily transaction price of US$1,090.41 per troy ounce. As a result, throughout 2026 palladium prices have fallen by 38.33% from the start of the year level of US$1,697 per troy ounce. Meanwhile, the highest trading value for the palladium commodity this year was recorded at US$2169.9 per troy ounce, which occurred on Monday, 26 January 2026.
On an annual basis, the average palladium trading price over the last five years has been on a downward trend. Meanwhile, for monthly price monitoring, transactions over the past 12 months have also tended to decline. The highest recorded monthly average price for the palladium commodity was in January 2026 at US$1,874.82 per troy ounce.
Factors Affecting Palladium Prices
Palladium prices are determined by automotive industry demand (catalysts for gasoline engine emission purification), concentrated supply in Russia and South Africa, as well as substitution risks to platinum and the shift to electric vehicles that do not use catalysts.
What is Palladium and Why is its Price Monitored?
Palladium is a rare precious metal primarily used in vehicle catalytic converters. Its supply is concentrated in a small number of countries, making its price prone to volatility.
Why Can Palladium Prices Rise or Fall Today?
(Read: Monthly Per Capita Expenditure for Skincare, Pati Regency | 2025)
Daily palladium prices are influenced by automotive demand, supply disruptions in Russia and South Africa, as well as the trend of shifting to electric vehicles. Over the past 30 days, the palladium price trend has tended to contract (weaken).
The production recovery at Freeport Grasberg Mine has impacted the precious metals market, including palladium. as reported by Katadata "around 67% of normal levels prior to the September 2025 incident."
Freeport Manyar Smelter has resumed operations after being halted due to the 2025 Grasberg mine landslide. as reported by Katadata "Starting August 2026 we began supplying our new smelter, production volume this month is around 5,000 tons of copper cathodes". This supply recovery is an important background for palladium price movements.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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