Palladium Price Falls to USD 978 per Troy Ounce (Thursday, May 16, 2024)

Yahoo Finance reports that the price of palladium today fell 3.56 percent to USD 978 per troy ounce. This price drop is considerably higher than the average price movement over the past week.

This week, palladium prices saw their highest surge on Wednesday, May 15, 2024, at 3.32 percent. However, it has weakened by 11.33 percent compared to its year-to-date position.

The current situation is similar to previous palladium price movements, which have been in a downward trend.

Over the past week, palladium price movements slowed by 0.08 percent, with an average daily transaction price of USD 977.87 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the palladium price has fallen 11.33 percent. Indeed, from its highest price this year of USD 1,103 per troy ounce, the palladium price has fallen 11.33 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 June 2023 at USD 1,330.04 per troy ounce.