Palladium Price Rises to USD 941.7 per Troy Ounce (Friday, August 16, 2024)

Yahoo Finance reports that the price of palladium today rose 0.65 percent to USD 941.7 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.

Palladium prices saw their highest jump this week on Tuesday, August 13, 2024, reaching 2.8 percent. However, trading since the beginning of the year has been consistently down, with year-to-date (YTD) growth down 14.62 percent.

The current situation confirms the upward trend in palladium prices over the past two days.

Over the past week, palladium prices have increased by 3.95 percent, with an average daily transaction price of USD 914.6 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of palladium has fallen 14.62 percent. Indeed, from its highest price this year of USD 1,103 per troy ounce, the price of palladium has fallen 14.62 percent.

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