Palladium Price Falls to USD 941.5 per Troy Ounce (Sunday, August 18, 2024)

Yahoo Finance reports that the price of palladium today fell 0.02 percent to USD 941.5 per troy ounce. This price drop is relatively significant compared to the average price movement over the past week.

Previously, palladium prices surged to their highest point on Tuesday, August 13, 2024, by 2.8 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 14.64 percent.

The current situation is similar to the palladium price movement in the last 24 hours, which is currently on an upward trend.

Over the past week, palladium prices have grown by 5.37 percent, with an average daily transaction price of USD 921.46 per troy ounce. Compared to the price at the beginning of the year, palladium prices have grown by -14.64 percent. The highest trading value for palladium this year was USD 1,103 per troy ounce, recorded on Monday, January 1, 2024.

Annually, the average trading price of palladium over the past five years has been on a downward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price for palladium was recorded in September 2023 at USD 1,230.32 per troy ounce.