Palladium Price Falls for Three Consecutive Days

As of today, July 16, 2024, the price of palladium has dropped 0.83 percent to USD 953 per troy ounce. This decrease is significantly higher than the average price movement over the past week.

This week, palladium prices saw their highest peak on Monday, July 15, 2024, before falling 0.83 percent. Year-to-date (YTD), trading has shown a continuous decline of 13.6 percent.

The current situation is similar to the upward trend observed in palladium prices over the past three days.

Over the past week, palladium prices have fallen by -5.92 percent, with an average daily transaction price of USD 979.73 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of palladium has decreased by -13.6 percent. From its highest price this year of USD 1,103 per troy ounce, the price of palladium has fallen by 13.6 percent.

Annually, the average trading price of palladium over the past five years has been on a downward trend. Monthly price monitoring shows a downward trend in transactions over the past 12 months. The highest average monthly price for palladium was recorded in August 2023 at USD 1,237.83 per troy ounce.