Palladium Price: Palladium Rises for Four Consecutive Days
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Yahoo Finance recorded that palladium price rose 0.99% today to reach USD 1361.8 per troy ounce. This increase is relatively high compared to average price movements over the past week.
Yesterday, palladium recorded its highest daily surge of 0.99% on Monday, 24 August 2026. Meanwhile, trading since the start of the year remains on a decline, with a year-to-date drop of 19.75%.
Current market conditions confirm that palladium prices have been on an upward trend for four straight trading days.
Over the past week, palladium prices gained 2.96%, with an average daily transaction price of US$1,332.33 per troy ounce. According to Katadata Insight Center (KIC) calculations, palladium has fallen 19.75% year-to-date (YTD). Measured against this year's peak price of US$2169.9 per troy ounce, palladium has declined by 37.24%.
On an annual basis, average palladium trading prices over the last five years are in a downward trend. Meanwhile, monthly price monitoring over the past 12 months also shows contraction. The highest monthly average price for palladium was recorded in January 2026 at US$1,874.82 per troy ounce.
Factors Influencing Palladium Prices
Palladium pricing is driven by automotive industry demand (for gasoline engine emission catalytic converters), concentrated supply in Russia and South Africa, substitution risks with platinum, and the global shift to electric vehicles which do not use these catalysts.
What Is Palladium And Why Is Its Price Monitored?
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Palladium is a rare precious metal primarily used in vehicle catalytic converters. Its supply is concentrated in very few countries, making its price highly volatile.
Why Does Palladium Price Rise Or Fall Daily?
Daily palladium price movements are affected by automotive demand, supply disruptions in Russia and South Africa, and electric vehicle adoption trends. Over the last 30 days, palladium prices have generally trended upwards.
Disruptions at PT Freeport's smelter furnace in Gresik are a background factor for recent palladium price movements. As reported by Katadata: "Preliminary assessments estimate repairs will be completed in the third quarter of 2026".
Freeport's production recovery following a landslide is proceeding gradually until 2027. This trend impacts global precious metal supply including palladium. As reported by Katadata: "Metal production is also expected to increase incrementally".
"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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